Sincerely,E.

@Jake E.  

@Jake E., I am looking for buyers for these properties.

I am in the British Merchant navy, you will find that your self discipline will serve you well.I have lots of free time away,I have found that taking away podcasts e books and doing a bit of learning often is the best way forward.By doing a little often you will quickly build a wealth of knowledge.

That way I can cash out refi and pay off the heloc and then use the heloc to buy another property when I am ready.If I don't have a plan to pay off the heloc and I am stuck making payments on it, I wont have an out except to take my liquid cash and pay off the heloc, which I would rather not do.

Thank you @Carolina E.

Sincerely,E.

I like sleeping well at night knowing that if the market values dropped 10%, we could still liquidate or refi again and be fine.

At the moment, our capital is sitting in a low-risk, readily liquid investment which is returning a 5.2% ... or it is sitting in USD money market fund earning squat (I just exchanged a lump this morning and made 22.5% thanks to our oil contaminated Loonie).As such, when we analyse any "deal" that comes our way, the opportunity cost of that capital is a minimum of 5.2% ... when you adjust for risk, etc. we end-up with a hurdle rate in the range of 6 - 9%.  

Profitability and production are not up commensurate to P/E Ratios.