Updated almost 7 years ago on . Most recent reply
First residential rental property investment, Ottawa
Investment Info:
Single-family residence buy & hold investment in Ottawa.
Single family townhouse
What made you interested in investing in this type of deal?
Long term passive income generation, low risk investment
How did you find this deal and how did you negotiate it?
Real estate agent
How did you finance this deal?
Conventional
Lessons learned? Challenges?
As this was my first property, I did not have a model to evaluate if this was a good investment. I now have built a spreadsheet for net income analysis and evaluate by cap rate. By doing so I've subsequently bought better.