Updated over 6 years ago on . Most recent reply
My Second SFH, St Catharines, Ontario, Ca
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $265,000
Cash invested: $1,500
2+2 Bedroom, 3 Bathroom, Semi Detached, 1.5 parking space, Freehold Home. Currently tenanted.
What made you interested in investing in this type of deal?
At the time the area was booming in interest because of a proposed transportation/infrastructure advancement. It was an hear a short drive from my personal residence that allowed for a positive monthly cashflow investment.
How did you find this deal and how did you negotiate it?
With the help of a realtor.
How did you finance this deal?
I was fortunate to use a HELOC against my first rental to help finance the DP required for this property. This allowed me to purchase the property with minimal personal cash
What was the outcome?
Currently tenanted property generating monthly positive cashflow