Tag: Ontario Assets
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Racks vs. Stacks!
No landlord (or roommate…or wife) likes a stack of dirty, food encrusted plates and cookware piling up in the sink or on valuable counter space. However, not every dwelling includes a dishwasher rack in which to stash your stacks. Should an investor consider adding a dishwasher in their rental property? We try to put dishwashers…
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Unintended Consequences
I’m in my car a lot between appointments. This week my mind keeps drifting back to the new “AirBnB rules” in Toronto and Ottawa + the one-sided media coverage of the causes and ramifications. I’d like to state for the record I currently have no STR holdings and don’t see that as part of my…
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Rising costs and Slowing hammers
With current construction costs creeping higher by 4-5% year-over-year, property prices are of course going to move higher. And justifiably, builders are going to pass down those increases onto us buyers. Strikingly though, these increases do not even include the increases to land values on which these structures are built on. So it should not…
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STR and other Fails
STR’s or Short term rentals, have just lost a footing in major Canadian cities like Toronto and Ottawa. My understanding is that the ultimate goal of regulating STR is to make rental housing more affordable which is great. However, I have a nagging suspicion that the vacancy rates will not change and rents will continue…
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Infographic
RE is my favourite investment vehicle, especially rental properties.
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REI: A 3 Course Meal
If you were to think about Real Estate Investing (REI) as a 3 course meal, Cashflow would be our appetizer, Mortgage Paydown would be our main course, and Appreciation is a sweet little treat (usually only enjoyed at the end of an investment or at refinance.) Cashflow is the amount of money remaining each month…
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Freedom Refinanced
Today I am writing about a key element to wealth creation in real estate; Refinancing. Refinancing a mortgage means paying off an existing loan and replacing it with a new one. This can be done at the bank that currently hold’s your mortgage or you can shop around for the best terms from other lenders.…
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B.R.R.R.R your way to wealth
Yes, it is unseasonably cool outside but that is not the BRRRR I am writing about today. When diving into real estate investing, our advice is to first choose the approach that you are most comfortable with. Whether you decide to do buy and holds, duplex conversions, student rentals, or multi-family investing there is one…