Month: July 2019

Jul 29

Biggest Investor Mistakes -“I can do it myself”

The number 1 mistake that everyone makes when it comes to any medium or large projects is taking on too much responsibility. I’m no stranger to this mistake, I am a perfectionist who has the “I-can-do-this-faster-better-AND-lower-cost-than-xyz” attitude. 5-10% of my rent for some guy to collect the rent and take some calls? 1hr of “work” […]
Jul 24

How to Cashflow Over $1,000 in 2019

Here is a detached home in the north end of Barrie that we closed on in May 2019. By converting it to a legal duplex, you effectively increase your rental income by 50%. Purchase Price: $458,000Downpayment + Closing Costs: $99,675.19Renovations: $40,90680% LTV @ 2.74% 4 year fixed, 30 year amortization Monthly Rental IncomeUpper: $1,675 + […]