If it's written in the lease that the agreement terminates on the end date and a new lease is an option, you can increase the rent to whatever you'd like. That's my understanding but I would double check with the RTB.

Kfort, Thanks very much for uploading your files. I love to see real world examples in action. Is it safe to assume it was worth seeing a small amount of negative cash flow at the beginning to get the property going and see it develop into positive cash flow?

I'm happy to see this thread come up. After looking at many different properties almost none even break even let alone cash flow using the above methods. I am in BC so I imagine it's even more pronounced here than in Ontario. I'd like to make the leap but the math keeps giving me reason to...

Thanks for all the great insight Thomas and Sweetzone. Thomas, I noticed you're involved in Western Canada...wondering if you could share what areas are actually working in BC to cashflow? I find it very challenging as a newcomer to find properties that make even close to the quick rule of 10%...

NYSE:MITT Ok factoring in all those expenses I'm still seeing a positive cash flow of just over $600 /month.

Not in Rutland, no. But I have looked in that area as well at some single family homes with suites. The income seems not bad. Open to any insight you may have on the area Owen.

Thomas, Thanks very much for taking the time to reply. Let me clarify some points with you so you could possibly share further thoughts. I agree the condo is a poor investment, it just recently became worth what I paid for it 7 years ago before the market crashed. Luckily I've had the rental...

Hello Folks, Great website, I've been reading quite a bit through the threads here and I can tell there are many seasoned investors I hope to learn from. I have a situation right now where I realize I have potential to invest in an investment property but lack a mentor that has actually done...