@Stephen Muchko I would think if you are patient you will be able to find a duplex with one side vacant specifically so it can be sold to people like you, OO buyers.

You're not going to be able to change the market, so you are right - most multifamily deals are sold off market, and that's where you need to be to become successful.

Hey All, This isn't my first post but its been a while since Ive done so, I am based out of Mississauga and/or Brampton depending on when you read this and since my last post I have sold my first rental property (closing in a couple days) and purchased another investment property that closes in June.

I thought this would appear in the post, but I bought in June of '04 and sold in July of '06.

The houses where on the market for many months and then he took down the listing (properties never sold).

Hello,If I was landlord for 10 years ago but I sold my rentals and I wasnt a landlord for 10 years and if I apply for a loan for my new house and rent my home I currently living in can I use that 75% of the rent income to apply towards the debt to income or would I have to rent for 1 year any suggestions?

We have built two homes (we did put a lot of sweat equity into the homes) and sold one (obviously we did sell every two years) and we are getting ready to sell the next one.

Here's the info: (I copied and pasted)10 units2bed/1ba- Full rehab need so be prepared for work but it's has great rental potential-Section 8 will bring 650 a unit, will bring in 6500 a month and 78,000 a year-I have a contractor that can completely rehab them for 9k a unit.- 90,000 in repair, but you will be getting a practically brand new 10 unit apartment for a little over 100k with an annual cash flow of 78,000.

Third, when to property is sold you collect the difference between what you had it for in the purchase contract between you and the seller and the new buyer, which is the tenant.

I sold a house in Virginia and was in Texas.