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I acquired my first out of state property on Dec 15, 2015. I rented it out starting January 2016. So, there is no rental income or expenses of any kind in 2015 other than purchase cost and some pro-rated tax and insur...
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Hello,I am in a sticky situation with a property I own as my 'primary residence' and I'm somewhat unsure where to turn for advice as to how to proceed next. I thought this would be a good forum to gain some insight on...
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Hello everyone, I posted about 6 months ago whether to sell or hold my condo. I had a bad run with property managers, the last one being the worst. The condo has been updated and is now finished and ready to be rented...
Key Takeaways
Even a simple understanding of the cash flow basics can improve an investor’s ability to realize profits.There is perhaps one benefit buy and hold investors covet more so than any other: rental property...
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I am currently house hacking a single family home and had a signed lease agreement with a tenant. The tenant had been staying in my house for a few months now. But, I recently found out that he just got up and left mo...
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Long time lurker and thanks all for the learning! Need some more learning on the below and prefer Canadian knowledge (thanks in advance). I am interested in a model where buyers are screened before properties are foun...
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Happy Wednesday to all!I wanted to get some feedback on questions other Real Estate professionals consider before each potential investment. I know for my firm our biggest one is, "LOW BASIS". Is the asset valued unde...
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We bought a junker of a rental property that we hoped to renovate to improve rental income and equity. The tenants moved out. We do not know the prior condition of the property before the current tenants moved in, but...
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I researched this a bit after having the thought the other day as I started planning to sell my portfolio slowly over time. I can offset stock capital gains with stock losses. Why not rental property gains?Basically i...
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Hi all,I'm about to close on 5 units. The seller of the properties has owned these properties outright and hasn't kept rents up to market; he's roughly $300 too low per unit. He's even let half of the tenant leases ex...