Comments on: 5 Ways to Make (or lose) Money With Investment Properties – Part 1 – Cash Flow http://www.moneysmartsblog.com/5-ways-to-make-or-lose-money-with-investment-properties-part-1-cash-flow/ Investing and Personal Finance Sat, 11 Feb 2012 17:11:02 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: 5 Ways to Make (or lose) Money With Investment Properties http://www.moneysmartsblog.com/5-ways-to-make-or-lose-money-with-investment-properties-part-1-cash-flow/comment-page-1/#comment-8660 5 Ways to Make (or lose) Money With Investment Properties Thu, 23 Oct 2008 22:58:29 +0000 http://www.moneysmartsblog.com/5-ways-to-make-or-lose-money-with-investment-properties-part-1-cash-flow/#comment-8660 [...] Part 1 - Cash Flow Similar Posts:5 Ways to Make (or lose) Money With Investment Properties - Part 1 - Cash Flow [...] [...] Part 1 – Cash Flow Similar Posts:5 Ways to Make (or lose) Money With Investment Properties – Part 1 – Cash Flow [...]

]]> By: <![CDATA[telly]]> http://www.moneysmartsblog.com/5-ways-to-make-or-lose-money-with-investment-properties-part-1-cash-flow/comment-page-1/#comment-1623 Tue, 31 Jul 2007 15:14:52 +0000 http://www.moneysmartsblog.com/5-ways-to-make-or-lose-money-with-investment-properties-part-1-cash-flow/#comment-1623 Mr. Cheap - to be honest, the student housing situation is pretty darn good in that you never have to worry about collecting rent. We generally get post dated cheques for the whole year and in 4 years and 2 houses have only had one bounced cheque I believe. Most of the cheques come from the kids parents so it's generally really reliable - much more so than families (at least in this area). We live in Windsor and the problem here is that housing is pretty cheap so there are very few good tenants out there but there are always students. It's easy to get full 1 year leases out of students and they generally don't require much as far as luxuries go. I don't know what the market is like for student rentals in TO but I would suggest looking into it. The house we're currently selling and renovating was rented year round for the past 4 years - never a day vacant - so we haven't had a chance to do any work on it. Now we're playing catch up basically. As for our next move - we're thinking more non-RE. We'll keep the other rental house we own (and our own). It's tempting to hold on to because of the cash flow but I guess we're just ready to try something else. Mr. Cheap – to be honest, the student housing situation is pretty darn good in that you never have to worry about collecting rent. We generally get post dated cheques for the whole year and in 4 years and 2 houses have only had one bounced cheque I believe. Most of the cheques come from the kids parents so it’s generally really reliable – much more so than families (at least in this area).

We live in Windsor and the problem here is that housing is pretty cheap so there are very few good tenants out there but there are always students. It’s easy to get full 1 year leases out of students and they generally don’t require much as far as luxuries go. I don’t know what the market is like for student rentals in TO but I would suggest looking into it.

The house we’re currently selling and renovating was rented year round for the past 4 years – never a day vacant – so we haven’t had a chance to do any work on it. Now we’re playing catch up basically.

As for our next move – we’re thinking more non-RE. We’ll keep the other rental house we own (and our own). It’s tempting to hold on to because of the cash flow but I guess we’re just ready to try something else.

]]> By: <![CDATA[Wooly Woman]]> http://www.moneysmartsblog.com/5-ways-to-make-or-lose-money-with-investment-properties-part-1-cash-flow/comment-page-1/#comment-1630 Tue, 31 Jul 2007 14:33:58 +0000 http://www.moneysmartsblog.com/5-ways-to-make-or-lose-money-with-investment-properties-part-1-cash-flow/#comment-1630 Interesting post. I have been keeping my eye on a few condos here on the westcoast. We live in a place which is cheaper than Victoria or Vancouver, but the average condo price would be around $120k for a 1 bedroom. Unfortunately though there is no way I could rent it out for over $1000 a month if I could afford to buy one. I would be lucky to get $800. There seems to be this disparity everywhere. In Vancouver it would cost you over $250k to buy a condo, but max rents for that condo would be closer to $1500. In most cases, rent would barely cover (if at all) the mortgage payment unless you put a lot down. I am still keeping my eye open for deals though, even if I am not buying. Interesting post. I have been keeping my eye on a few condos here on the westcoast. We live in a place which is cheaper than Victoria or Vancouver, but the average condo price would be around $120k for a 1 bedroom. Unfortunately though there is no way I could rent it out for over $1000 a month if I could afford to buy one. I would be lucky to get $800. There seems to be this disparity everywhere. In Vancouver it would cost you over $250k to buy a condo, but max rents for that condo would be closer to $1500. In most cases, rent would barely cover (if at all) the mortgage payment unless you put a lot down. I am still keeping my eye open for deals though, even if I am not buying.

]]> By: <![CDATA[telly]]> http://www.moneysmartsblog.com/5-ways-to-make-or-lose-money-with-investment-properties-part-1-cash-flow/comment-page-1/#comment-1626 Mon, 30 Jul 2007 15:19:25 +0000 http://www.moneysmartsblog.com/5-ways-to-make-or-lose-money-with-investment-properties-part-1-cash-flow/#comment-1626 Wow! That's in Toronto? I would have never guessed it was possible. If you decide you'd like to check something out outside of Toronto...we have a student rental house for sale. :) It should be rented for $1250/mth at the beginning of Sept. andwe'll list it at $119k. Only a few years ago we were able to get $1900/mth but many home owners in the area converted their homes to rental properties to cash in on the rental income since this market hasn't seen much in the way of appreciation. It's not a bad deal at all but we're not very good at letting others do the work and we're starting to get lazy to do it ourselves. BTW, good for you for renting for less than you collect. Not many would do this but it likely makes a big difference in how much you're able to save. Wow! That’s in Toronto? I would have never guessed it was possible.

If you decide you’d like to check something out outside of Toronto…we have a student rental house for sale. :) It should be rented for $1250/mth at the beginning of Sept. andwe’ll list it at $119k.

Only a few years ago we were able to get $1900/mth but many home owners in the area converted their homes to rental properties to cash in on the rental income since this market hasn’t seen much in the way of appreciation.

It’s not a bad deal at all but we’re not very good at letting others do the work and we’re starting to get lazy to do it ourselves.

BTW, good for you for renting for less than you collect. Not many would do this but it likely makes a big difference in how much you’re able to save.

]]> By: <![CDATA[FourPillars]]> http://www.moneysmartsblog.com/5-ways-to-make-or-lose-money-with-investment-properties-part-1-cash-flow/comment-page-1/#comment-1627 Mon, 30 Jul 2007 13:16:57 +0000 http://www.moneysmartsblog.com/5-ways-to-make-or-lose-money-with-investment-properties-part-1-cash-flow/#comment-1627 Have you been able to find other opportunities like the condo you own? I wouldn't have thought it was possible to buy any kind of house or condo in T.O. that would rent for 1% (or more) of the purchase price. I'm thinking that either you got a great deal or maybe I just don't know anything about condos (which I don't). Mike Have you been able to find other opportunities like the condo you own?

I wouldn’t have thought it was possible to buy any kind of house or condo in T.O. that would rent for 1% (or more) of the purchase price. I’m thinking that either you got a great deal or maybe I just don’t know anything about condos (which I don’t).

Mike

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