Thomas Berridge
How much did you spend on first deal?
Just trying to get a feel for what price brackets most started out in? And how did you finance your first deal? Also, is it possible to fund a deal with an IRA and not be penalized for taking money out? Between credit...
Leanne Shum
Financing Multiple Properties in Canada
Hi all,I posted something similar in the general financing section but some fellow members suggested I posted in the Canadian section for more specific answers as I am Canadian.I am very new to real estate but am very...
Crysta Balbontin
Risky business of wholesaling/marketing in small town and so hclose to home?
Upon researching more, it sounds like a risky business to try and coordinate in such a small area/town and so close to home. With marketing and bandit signs and etc, I might run into homeowners who may know me person...
Shedrick Boyd
Am I being Tested OR Am I being told to Wait?!
Currently in the process of getting financing. Going to be a owner occupancy conventional, so only need 5%, I’m on board!Lender tells me they can’t use rental income because I don’t have 2 years rental history...Now m...
Dan Host
Financial folks, I'm stumped. What's my best first loan option?
Hey there! Sorry for the long post. The urgency will be clear by the end, I promise. I'm ready to buy (or so I thought) my first investment property. I've got great personal credit, about $70k in liquid assets that I'...
Kaylee Loomer
Starting real estate investing at 18 while I'm in the military
I have a few general questions about real estate investing and possibly finance in general while I'll be in the Air Force. I am aware that I'll have to at first live in the dorms for the first two years and then I'll ...
Alexander Lang
Tenant screening - Income = 3X rent
Hi BP Fam!So the rule of thumb I hear is to have the tenants gross income equal or greater than three times the rent rate. Just to clarify, If I have a boyfriend and girlfriend, sisters, friends, whomever renting my u...
Brendan L.
Really need advice! Trouble moving disabled vet out, inherit him?
I'm trying to buy a duplex. Part of the agreement was to move the tenant on one side out so I could move in. The seller is having trouble finding him a place- he's a disabled veteran. They were on a month to month lea...
Suzanne P.
New Toronto Member Specializing in Flips in the US and Canada
Hello everyone, I have been a buy and hold investor for more than 20 years now and started getting involved in joint venture flips last year. After doing 3 flips in Ontario and a 4th one one the way I am now also invo...
Paisley H.
Deal Analysis Help - newbie!
I found a quadplex for $300,000. Rent is $3080, so it meets the 1% rule. I would put 20% down for 30 years, so it would cash flow about $288/mo by the 50% rule (less than the ideal $100/door). But it was built in 1998...