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How to Determine your ROI on an Investment Property
One of the key components of being a confident real estate investor is knowing how to perform calculations on investment properties. By knowing your Return on Investment (ROI), you can determine if a property aligns with your investing goals. Below is an example of how we would run the…
View MoreThe Pros and Cons of Lease to Own
Lease to Own (LTO) is an arrangement where an individual enters into a lease agreement with the property owner, with an additional “Option to Purchase” agreement. The Option to Purchase typically gives the tenant the right to purchase the property at a predefined future date for a prespecified purchase price.…
View MoreReviewing a Contractor’s Quote or Contract
Before signing the dotted line, I recommend reviewing your contractor’s document(s) to ensure they include the following information: This checklist is a guideline only and is not a substitute for seeking advice from trained professionals. All information should be reviewed and amended to suit your personal investing situation. …
View MoreHow Much Cash Flow is Enough for You?
Scott and I talk about Cash Flow a lot. We even wrote two books called Cash Flow for Life and Quick Start to Cash Flow. Cash Flow is a fundamental part of real estate investing, and one of The 4 Ways to Win, but is there a minimum amount of Cash Flow you…
View MoreHow Does A Vacation Property Fit Into Your Portfolio?
Vacation rental properties are becoming increasingly popular for both renters looking to get away for a short vacation, and investors who are looking for ROI (with the added bonus of having your own getaway). It’s why platforms like Airbnb and VRBO have grown exponentially over the last decade. Fellow Keyspire Success…
View MoreIncrease Your Rental Income – Without Renovations
Let’s talk about increasing your rental income when you have an existing long-term tenant without completing any renovations at the property. Some landlords say that they don’t perform rental increases annually because the allowable annual increase is so small, they just don’t care about it. I disagree. …
View MoreFinding Passive Appreciation
Whether you are flipping, flipping to yourself, or selling, you need to understand the value of your property to help you make informed decisions. There are a few different ways you can obtain this information without contacting a realtor or appraiser. Canada Housing and Mortgage Corporation (CMHC) publishes…
View MoreGetting Started with Property Management
Whether you are planning on being your own property manager or planning to hire a professional property management team, you should have a sound understanding of the the Property Management System of Duties. This short course on Property Management Basics will tell you more about what property management is,…
View MoreHow To Calculate Active Appreciation
So how do we calculate Active Appreciation? Watch the video below and follow along with this breakdown: Down Payment = $91,000 Renovation = $60,000 Building Inspection = $500 Land Transfer Tax = $5,575 Legal Fees = $1,500 Total Cash Required to Close = $158,575 We also…
View MoreWhat You Should Look For in an Older Property
The ability to date a property based on the materials it was built with could impact your renovation plans, long-term budgeting, and even your insurance policy. This week John Brook and I are sharing our expert insights to find the hidden clues you could use to date a property.…
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