Feel free to connect if you have any further questions.

There’s no secret formula out there, you will find it near impossible to cash flow with these rates almost anywhere in the greater dmv, you can put more down, you can eat negative cash flow, you can invest in another market (I like the eastern shore, though even there you are probably breaking even at best) or you can put your money in a different asset class, the market decides your return’s for the most part, not you. 

Andrew,Feel free to send me a message or reach out I would be happy to talk REI and offer some advice from a few different angles.

The longer the PPP the cheaper the rate, she shorter it is the longer.So you cannot take any equity out of the investment house until April 2026 because if you break your mortgage before then there will be a penalty.I can say that between STR and LTR location is a big key. 

Hey,If your budget is 150K max and you are looking to buy in Ontario here are some markets to consider:North bay, Sudbury, Cornwall, Windsor.If you need help connecting with realtors, property managers etc in these cities feel free to reach out.

Can't use bonus depreciation but could use accelerated depreciation and get most (not all) of my rental income tax free.

You never know what you're getting, the serial numbers are often wiped and they seem to break down more often.

I hope that this helps somewhat, but feel free to schedule a time with me and we can go more into details.BTW,  I have a meetup in Irvine on 4/20 @ 10am (Pacific) in Irvine. 

I've done drastic increases before where I purchased a 6plex where the tenants were paying 700 opposed to 1550 being market rent what I did was i gave everyone a letter saying their rent would increase to 1,100 for 6 months and they would be month to month so they would be free to move at any point  because at the end of the letter i put that after the 6 months their rent would be 1,300 for a 1 year lease after that and all 6 tenants stayed. 2 years later everyone is near market and only one moved. 

Feel free to reach out anytime with any questions .