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The other day I grabbed $40,000 tax free from refinancing a duplex that originally started as an ugly duckling. As I was walking out of the closing on my way to the bank, I couldn't help but wonder how a flipper would...
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Please help! I worked really hard on my first multi family property and created a lot of equity but also was able to lock it down on a 30 year mortgage at 3.25% apr. I’m not sure if I should refi and enter the comme...
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The average mortgage debt in Toronto is $194, 000 and 259, 000 in vancouver. Given the average house price is in toront and vancouver is north of a million are we surmising that the average torononian is mega rich? ...
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We have a progressive tax system in this country that supposedly taxes the "rich" more than common folks. I was wondering at what point someone magically becomes rich and should shoulder the burden of carrying others...
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Hello, My name is Neal Richardson, President of Dream Builders 4 Equity ("DB4E"). DB4E is a nonprofit organization that teaches at-risk high school students about real estate investing and development. The students ...
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I bought a owner occupied a 4plex. I live in the 2bed 2bath the rest are 1bed 1bath. Rents are unit 2 $550 unit 3 $600 and unit 4 $600. The are comps are $725 to $908. Units 2 and four lease has expired the end of the...
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I spoke with a Landlord yesterday. He had nine SFR's and he is selling. He sold six so far. He said this is a market high and he is cashing out. I asked him how long he had these and he said some ten years, some less....
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I'm looking for advice/ideas on the best way to access the Equity we have built up in our portfolio. We have 5 small multi-family properties, all financed with traditional 30-year fixed rate loans locked in sub 4.75%...
When just starting out in syndicating, if the syndicator does not have enough capital to buy into the deal (which I understand is necessary for newbies to promote investor confidence) can he/she simply roll all/part h...
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Dear Members, I am struggling to do an apples to apples comparison of buying a multi vs. a sf. It should be simple but for some reason it is evading me. Looking for your input. Backstory (more or less), I have 4 sf'...