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27 June 2018 | 6 replies
Relevent text:The owner of a dwelling is required to post a notice which is constructed of durable material and which is no smaller than 20 square inches in size listing the owner’s name, address and telephone number if he/she does not live in the dwelling or have a manager living in the dwelling.
28 May 2018 | 0 replies
My landlord said that they would email me a screening application and once that was approved they would create a new lease.About a week in a half later I finally get the screening application for the new roommate.
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1 August 2018 | 10 replies
Just diversify your portfolio a bit.Then youd be able to live off the cashflow from your 3 other 4plexs, since you have no living expenses, yes you wouldnt be rich or anyhting but you could live a comfortable frugal life without having to work.This way you'd have money thats fairly liquid as well in your TFSA, in case you had to do any repairs or to account for miscellaneous problems that could occur, and in the very worst case you could do a HELOC to pay for any major major disaters that could occur with all the equity youve created in your home by using the BRRRR investment strategy.These numbers are just examples, however its not unheard of to BRRRR a property and actually come out with more cash than it cost for the DP and Renos, which would help acquire even more property.And if you can get 50K into your TFSA and get a return of 8% from a dividend then thats an additional $350/month roughly, all while living for free.
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25 August 2018 | 12 replies
Hey guys, so I know there's not too many of us as of now but I went ahead and created the event.
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30 May 2018 | 3 replies
And since duplex value is based on comps, not on income, it can create a problem in the future.
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28 May 2018 | 3 replies
I am about to buy two single family houses as rentals on residential 30 yr fixed mortgages so I can’t put them into an LLC. I plan on managing them myself and a friend recommended If I couldn’t own them in an LLC that...
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30 May 2018 | 6 replies
I do like your buy & hold strategy, but unless you really enjoy driving to tenants to collect rent every week, you should consider requiring your tenants to sign up for automatic withdrawal from a checking or savings account.Collecting rents in cash creates the opportunity for payment disputes, not to mention being a security risk and a huge inconvenience for you.If you're goal is to build a serious portfolio of properties, you'll need to resolve the rent payment issue sooner or later.
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1 June 2018 | 4 replies
As for busy streets, consider a fence or planting’s to create a break.
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6 June 2018 | 6 replies
I look forward to more learning and creating new friendships here with people of similar interest.
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9 July 2019 | 10 replies
However none of them will appreciate as fast as Auckland or Hamilton IMHO.I invest in Auckland negatively geared because real wealth is created through appreciation not cashflow.