3 properties closed

[donksky]

Hello,
Just wanted to share that we`ve also bought 3 properties in Ontario since June. Thanks for all who`ve answered & put up with my (silly & crazy?) questions - lots of lessons learned but certainly no regrets buying these 1st three. I`d get these coughing spells that didn`t go away until closing day - hopefully I`ll sail through more purchases smoothly with less stress-related symptoms. We did them on CMHC 0-down program (no wonder!) on conservative numbers & was hoping to do several more b4 the program ends on Oct.15 but I guess that`s well-impossible.

oh well, it`s hard to find these anyway and I could be toast if interest rates go up to 9%?

There`s a reason for everything...

 

[DonCampbell]

Congratulations Donna!

Those are amazing numbers... remember the plan is only 3 properties in the first 12 months

.

Keep up the tough questions, keep doing your due diligence and knock it out of the park!

 

[GarthChapman]

Way to go Donna. All sincere questions are worth asking, and I suspect your willingness to ask questions is a good part of the reason for your successes.

A nice insight from you on the interest rate sensitivity issue - a reasonable concern with high leverage during a time of low interest rates and a softening economy.

 

[PhilipMcKernan]

Well done Donna.

No matter where you think the market is going I hope you have stopped to take time and realise the success you have already created.

 

[donksky]

thanks all. The 0-down was (it`s been shut down as of today I heard) based on long-term hold `coz of the extra risk/insurance premium I think. So these 3 ones are long-term hold. Not much for the 1st two-they`re 2 tiny condos in Woodstock for $78k apiece & a 3rd-duplex in Sudbury - so they`re not in Toronto folks.

 

[Nir]

Hi Donna,

Amazing achievement for such a short period of time! just think how many people never bought or will buy a house.

Regards,
Neil

 

[TommyK]

Congratulations Donna!

I am getting closed to get my 2nd property. I am now looking at my 3rd one and with help of my brother who can assist me in qualifying a mortgage!

Great to hear success stories!

Tommy