
15 October 2024 | 16 replies
That said I’ve bought a bucketload of property without a down payment or traditional financing.

16 October 2024 | 4 replies
@Chris SeveneyI do want to minimize liability considering I intended to have multiple properties under one LLC capped at 10 just because somewhere along the line I was told this is good practice.
15 October 2024 | 3 replies
If the property doesn't meet the DSCR or the value basedon the market cap rate, your down payment will increase to bring up the DSCR orclose the gap to cap-rate value.Challenges/Lessons Learned: Just becauseyou can buy a property with a CMHC insured loan doesn't mean it is a good deal.We've seen a lot of investors agree to pay too much for the properties, and getshocked with a big down payment and low cashflow due to the low DSCRrequirements.

17 October 2024 | 3 replies
Not sure what the price of this property is, but this is why you should use an attorney/realtor/closing agent to assist.

15 October 2024 | 2 replies
Property taxes are $6,156 annually ($513 /mo).

15 October 2024 | 6 replies
Any good property management recommendations?

8 October 2024 | 1 reply
I used a conventional loan to secure the property.

15 October 2024 | 8 replies
If not, find an investor-friendly realtor who owns and has bought off-market properties themself.

16 October 2024 | 1 reply
Depending on what you're looking for, you can find a good mix of affordable properties, especially in the under $200K range.

15 October 2024 | 4 replies
My property manager uses AppFolio, which is fine for transaction level detail and a few dashboards.