All Forum Posts by: Walter Edington

Good evening all,

My rental unit has recently had little bugs in it, they’re harmless they aren’t cockroaches, they come from humidity in bathrooms and laundry rooms. Wondering if anyone’s had this issue. And how to permanently get rid of it. Should I replace the fans?

My brother and I bought a duplex.

I have been following BiggerPockets for a while now. My question is how should I go about getting my next deal, I’m looking for a 4-plex. I’m looking for another real life example of the 7 years to 7 figure wealth. I live in northern Ontario, from what I can find I only really have access to the mls. Any suggestions/help please comment. I know this is a pretty broad question.

Good evening all,

Hi all,

I've started looking for houses to purchase as a first property that I will live in, I'm going to be buying a duplex or triplex and living in one of the units. I'm posting to ask if anyone has a guideline or suggestions I could use.

Thank you!

I've been reading a lot on BP and learning from their podcasts and blogs as well as other sources, anyways. My question is, is it possible to get into real estate without having a full-time job(I'm a student) I have the ability to save roughly 10k/year while in school, so i guess I'm asking how I would get financing(if possible) and if any of you have any beginner advice.

Thanks!

This rental property is a 4-unit property, in a C class neighbourhood. There is 2-1 Bedrooms, and 2-2Bedrooms. The rent and utilities is unknown so I estimated.

Rent = 900x2

            1250x2

Mortgage = 2000

Tax = 3318

Utilities = 9000

Maintenance = 5160 (%10 of annual rent)

Insurance = 4000

Net Income = $6122 ($510/month)

The insurance number and the utilities and rent are all estimated based off of my current house. This is just a rough analysis. Thanks!

Thanks for the advice my location is in Ontario, Canada so I wasn't able to put in a state or zip code.  I will try a formula and post it here.

Thanks!

Hi all, 

I'm new to this website/forum. I recently(2weeks) began learning about real estate investing, I've been listening to the Biggerpockets podcasts and reading their posts. Anyways, I'm posting this to ask for guidance/opinions. I am currently a business student and I have always been kind of interested in real estate investing, but have always been told that it's to risky and therefore just began to realize that the people that think it's to risky are also people that don't own ANY real estate(with the exception of their own home) so.... I want to post this to hopefully learn more about this topic, that maybe the podcasts and pages don't cover entirely. My background is, I'm 20 I live in Ontario Canada, and I have the ability to save roughly $10,000/year as a student. My main question is should I begin investing as soon as possible, or wait and purchase more than one rental property to begin. I would like to make this my full-time job eventually, from what I've read that's a very attainable goal as many have already done.

Sorry if this post is a little unclear I'm new to this,

Thanks