All Forum Posts by: Jordan Regier

Hi Everyone, I am new to investing in rental properties as I mostly build and sell and I have a question about showing a loss or breaking even on my income tax return. Let me give you some background.  I'm building a short term vacation rental property in Sauble Beach, Ontario. We plan to use the cottage a few weeks a year and rent it out the rest of the year. I've done all the calculations and the property is going to cover the expenses and generate a decent amount of cashflow. However it would be relatively easy for me to show a loss or breaking even on the property.  I have a high income from my day job and I'm wondering if Its better to show a loss from my rental property? Any help would be great. thanks.

Hi my name is Jordan, I'm 31 from Walkerton, Ontario. I've been investing in real estate for about 6 years now building and selling houses. I've done quite well building a large amount of capital, equity and a great team that I can rely on. Now that I've reached my goals through building and selling I would like to start creating some cashflow through rental properties. I plan on building as many as I can but I would also like to purchase some houses and start using the BRRR method. I don't have as much experience with this strategy and I'm having trouble finding properties in an expensive market. I would like to find a property within an hour as I'm very busy and I can do the labor myself saving me a lot of money. How do I find a property? is a wholesaler a good route? Maybe a mentor? Im very motivated and I would appreciate any advice the BP community can give me!! Thanks!

Hi my name is Jordan, I'm 31 from Walkerton, Ontario. I've been investing in real estate for about 6 years now building and selling houses. I've done quite well building a large amount of capital, equity and a great team that I can rely on. Now that I've reached my goals through building and selling I would like to start creating some cashflow through rental properties. I plan on building as many as I can but I would also like to purchase some houses and start using the BRRR method. I don't have as much experience with this strategy and I'm having trouble finding properties in an expensive market. I would like to find a property within an hour as I'm very busy and I can do the labor myself saving me a lot of money. How do I find a property? is a wholesaler a good route? Maybe a mentor? Im very motivated and I would appreciate any advice the BP community can give me!! Thanks!

It’s going to be short term rental spot. 

Thanks guys. Really appreciate the advice. 

Question?

Hi there, I am building a 3 bed 2 bath vacation rental in Sauble Beach, Ontario. I am a crossroads and could use some advice on whether or not to build a attached garage on the cottage?

The pros would be:

- higher resale and more equity

- storage for bikes, canoes, kayaks etc.

- keeps garbage out of house and I could put a ping pong table for guests

The cons would be:

- higher cost to build

- less cash flow

Looking forward to any advice! Thanks, Jordan.