All Forum Posts by: Christina Wasley

That's a great calculator! Rental prices vary based on where in Burlington you are looking. This property is south Burlington which tends to demand higher rents.

Where are you located? If you managed the property yourself you'd have a very healthy cash flow. I have some great local contacts and always happy to lend a had locally. A great handyman on-call is worth his weight in gold and could save you in the long run if you only need him a few times a year.

And of course that was just one example and that price is the listing price, so may end up slightly lower leaving you with better monthly #'s. Will see if I can find any other good examples for you in the area.

Cheers!

Originally posted by @Sam Hanaa:

Originally posted by @Christina Wasley:

I'm a realtor in Burlington and have a great detached 2-unit home coming to market in the next few weeks. Basement currently rented for $1500/month. Top 2 levels would get ~2400/month. All recently updated. Approx $830k. With 20% down you would be cash flow positive.

Lots of affordable multi-units with great #'s and appreciation.

The deals are out there. They just aren't as easy to find!

I checked the kijiji, it sound like full house can go for 2400/month in Burlington, without basement will go for less .

check my analysis here , even with 3900 monthly income it only do $35/month cache-flow. with any mistake and you are in negative .

only doing that to prove how hard is to get healthy cache flow in Ontario with current house prices .

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Thanks for the list! Looking forward to getting out to some events. Cheers!

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Investment Info:

Single-family residence fix & flip investment.

Purchase price: $563,000
Cash invested: $42,000
Sale price: $790,000

Single-family residence fix & flip investment. Full interior renovation and a few exterior updates.

1 Vote

Are you looking outside of the 416? Oakville/Burlington have some great opportunities for buy/flip. I've done several flips in Burlington with some great margins. You have to be patient as the good buys don't come up as often and they tend to sell quickly.

Will you be doing the reno's yourself? Doing the project management? Are you looking for smaller flips with just interior reno's or adding on square footage etc? Lots of factors that will impact your #'s.

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Lots of affordable multi-units with great #'s and appreciation.

The deals are out there. They just aren't as easy to find!

3 Votes

All Forum Posts by: Christina Wasley

Christina Wasley has started 1 posts and replied 5 times.

Post: Any one did some deals in GTA recently for buy hold and rent?

Post: List of my favourite meetups in Toronto and area

Post: Fix/Flip - Burlington

Post: Finding That First House to Flip

Post: Any one did some deals in GTA recently for buy hold and rent?