All Forum Posts by: Cehunt Duong
Cehunt Duong has started 1 posts and replied 3 times.
Post: Cash Flowing Properties in Toronto
- Investor
- Toronto, Ontario
- Posts 5
- Votes 0
We do accrue a monthly maintenance allowance and have taken estimates at the useful life of items such as appliances, roof, furnace, etc.
My calculations are done only on the existing mortgage..
@Thomas S. How are you running your numbers? I'm always looking to improve my cash-flow analysis. Any suggestions are appreciated!
Post: Cash Flowing Properties in Toronto
- Investor
- Toronto, Ontario
- Posts 5
- Votes 0
It is just hard to come across places where the numbers still work in Toronto.
Have any of you considered going out to the Hamilton area? Ajax or pickering?
Post: Cash Flowing Properties in Toronto
- Investor
- Toronto, Ontario
- Posts 5
- Votes 0
Hello Bigger Pockets!
I am new to BP (this is my first post by the way!) and fairly new to Real Estate as well. I purchased my first income property in east end of Toronto in the summer of 2014. A semi-detached house built in 1900. We renovated and I currently live in one of the units with my fiance. It is currently fully tenanted and cash-flow's positive (me and my fiance charge ourselves below market rent for our unit).
I went in on another semi-detached, 2 unit house in the west end of Toronto which should be closing this July. It is a 3 bedroom house with basement apartment.
Given how quickly home prices are rising, I wanted to get some feedback on what other Investors in Toronto are doing? Are you still finding rental properties that cash flow? Are you looking to move to other cities to invest?
Cehunt