It does seem very complicated at all…

Lender settled at 16% + 2k legal setup. Interest only payments, 3 month minimum, no maximum, interest payed monthly, promissory note with right to lien. Total forecasted cost to borrow is $10,000. Cash on cash return to lender projected at 8%(8K). Win/win.

Anyone else have to put out an extra mat when they’re working out ?

If you’re not buying your appliances at Costco (Costco Canada) , why not? Best prices and best warranties. Just bought 8 brand name appliances for a duplex for $4800 Canadian. Plus 2% back on my executive membership and 2% on my Costco Mastercard.

Our most expensive rental property (full 4 plex) went up in value 13.9% over the last year according to the city tax assessment. Not sure if I like that or not…

One of my tenants (been with me 6 months) just texted to ask: Can they have another adult move into the unit with them to help share costs? & When that person moves in she’s going to leave her dogs with family and would like the monthly pet fee removed. How would you answer?

Crazy! 6 inches of snow in Florida and not a single snowflake in southern Alberta…(except for the rare Trudeau voter of course).

People complain all the time about how expensive contractors are now. Many homeowners have no problem completely wasting a contractors time with getting bullshit quotes. Every paying customer that contractor has subsidizes this time. This is why quotes should be paid for.

Our 20 year old has decided he doesn’t want to go to post secondary. He’s asked if he can have the money we saved for his schooling to invest in a combination of a global market etf ($VEQT or similar) and Bitcoin. I’m considering giving it to him.

I can’t stand screening tenant backgrounds, credit, references, income, etc….so I don’t. Instead I rent properties to medium & large businesses for their employees. The employer is on the lease, pays the rent, & takes responsibility, & we give a small discount on the rent.

I seriously don’t know if you’re supposed to tip on take out food or not…

Our freshly completed sfh to duplex conversion project just officially got rented. One of the businesses we rent units to wants both of these new units. Total cost to purchase and renovate - 260k Gross monthly rent - $2900 Today is a good day.

Taking possession of our next flip house today. Bought for 145k, planning 100k renovation costs, targeting 340k arv in 3 months for 70k projected profit. We debated keeping it to rent - would be 125k reno (270k total investment) for 2600 gross rent.

I’ve been doing a lot of personal growth and understanding work lately. This past weekend I started a 90 day intense coached goal setting program. The thought of what can be accomplished and who I can become in such a short period is terrifying and exhilarating!

My last two individual (non business) residential tenants are both paying to break their leases and move out this month and I couldn’t be happier.

Holy shit. Listed one of our units for rent today. In 8 hours received 30 replies. Still have to go through the responses to our pre screening questions. Apparently demand is still strong.

Underrated: Having kids before your 20s

Renters - telling a potential landlord you can bring cash for the deposit to your first viewing/application appointment is not the green flag you think it is

Been super inactive on here for at least a few months. Not sure I really missed anything? What’s new with you all?

Hey! What multiple of NOI do you value commercial properties at? I’m looking at one that’s asking 3 million, current NOI is around 200k. Will be filing a LOI early next week to get to see more of the financials etc. I’ve never bought commercial property, what should I look for?