All Forum Posts by: Cody Weber

@Kincaid Ryken

You're going to go far in life, Kincaid! Keep it up and you'll reach your goals in no time. I'd definitely recommend you read "The House Hacking Strategy by Craig Curelop".... it discusses why House Hacking is a great initial strategy to get into REI. Take care and keep working hard, feel free to reach out for any questions that you have. Great job on starting so early!

@Jason Turgeon I tested out the calculator you attached and it is great, thank you for that! Do you take the printed report it provides and create your own charts or future equity/cash flow projections?

Need some advice on a scenario I am working on. If I purchased my first home for 5% down - 275k @ 2.4% for example sake... what happens if in year 2 of my five year fixed mortgage I am looking to move to a new principal residence with my spouse?

I would deem the first as a rental as I’d be living in the new principal residence with my spouse. That wouldn’t affect the mortgage term on the first property until I refinance in year 5, right?

Furthermore, would I be able to put 5% down on the new principal residence?

My motivation is scalability but I can see how lenders would be hesitant as I have little skin in the game. Thanks in advance!

Thank you for the advice! Cash flow is my initial priority so this helps my decision making process.  

I am a new real estate investor and can see the benefit to both paying down a property quicker using the rental’s cash flow (ex. paying down in 15 years than the typical 25 year amortization) which opens the door to utilize the rental’s built up equity once paid for free and clear. However, that could limit the short term opportunity cost of utilizing the rental’s cash flow to save for more rentals which helps to scale a real estate portfolio.

Would love insight from investors to hear their rationale for either a 15 year or 25 year amortized mortgage and what type of payment structure you use - weekly payments, bi-weekly, monthly or accelerated payments?

Thanks in advance!

I've been learning more about the BRRRR strategy recently but am having a hard time trying to find strategies for Canadian real estate investors. Can anyone provide resources or examples of their own refinanced properties for my learning? Thanks in advance!