All Forum Posts by: Kenneth Taylor

@Theresa Harris hey Theresa thanks for getting back to me, yes I would only put 10% down here if I lived in one unit for 12 months I believe. But rents here are not quite caught up to the crazy high housing prices. So I might wait and get some more cash saved up for later investments in the future. What do you think?

@Doug P. ohh ok, makes sense. And let's say for example, the seller doesn't like the principal only payments and will only agree to self if there's interest, what are my options? Move on to the next property?

@Doug P. wow that's a lot of good information, I'm gonna go ahead and dive deeper into learning about all that! Thanks, and one last thing, would the buyer (in this case me) have ownership in this property or no? Or would I get ownership once agreed purchase price is fully payed off?

@Stevo Sun so is your advice to wait it out and save up lots of cash for down payment in the future?

@Doug P. hey thanks for the feedback, the only questions I would have is would the property owner be my bank basically? What's in it for them in this case? And I'm guessing this strategy takes away my equity in the property or actually no because I'm paying them the principal? Thanks Doug!

Hey guys, I'm a 19 year old trying to get into the real estate game in Edmonton Alberta, Canada. I'm looking for as much help/tips as possible to start, currently work in the trades and am saving up lots to put down on a house hack. One thing I'm worried about is in the Edmonton market, all most all properties I underwrite are negative cash flow, even when I underwrite it with all units occupied let alone me living in one.