QUOTE Where is that ?? New York`s Manhattan ? Downtown Paris ? London, UK ? I would know of no other city being able to command a sustainable rent of over $2500 !!
How about Ottawa? The property is (although maybe I should say "was" since I`m not buying it) a triplex in the Alta Vista area -...
Sorry for the mix up in terminology... I am new at this.
At first glance the property seemed to have a lot going for it; however, it is evident that the rents are too low to sustain the expenses.
I will investigate the townhome idea and re-read the REIN ACRE-system book.
Thanks again for your...
Thanks everyone for your feedback. Here are more details:
price: $500,000; monthly mortgage of $1872/month (35-year amortization)
gross rents: $3250/month
expenses: property taxes: $400/month; utilities/insurance: $568/month; anticipated regular maintenance/ repair: $100/month; total =...
Hello all,
Have just learned about this forum and am finding a lot of very interesting information.
I am thinking of buying a second investment property. I would leverage my first (and currently only) investment property to provide me with enough funds to put down 20% on a second property...
