Real Estate

How many investment rental properties do you own?

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  • Jun 30th, 2016 12:13 am
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[OP]
Penalty Box
User avatar
Feb 21, 2013
344 posts
41 upvotes
Yukon

How many investment rental properties do you own?

Want to poll...

How many investment properties do you have?
Are you on your own or with partners?
How did you come up with the big downpayments for each property and still break even?
How big is the mortgage on each property?
Are you making a profit past the breakeven point?
13 replies
Member
Jun 10, 2008
467 posts
334 upvotes
Halton Hills
My wife and I have one. We put $100,000 from a HELOC and mortgaged $300,000. I'm out if pocket about $2000-2500/year. I'm ok with being out of pocket since we didn't use our own money for a down payment.
Deal Addict
Jun 20, 2011
2004 posts
851 upvotes
VANCOUVER
How many investment properties do you have? 5
Are you on your own or with partners? partners on 1
How did you come up with the big downpayments for each property and still break even? We just saved and had the money
How big is the mortgage on each property? We put down 25% on each
Are you making a profit past the breakeven point? Yes, each property is cash flow positive. Lowest is about $200 - $300 and the Highest is about $1600 per month. That's after all expenses (insurance, strata, mortgage etc etc)
Deal Addict
Apr 22, 2014
3097 posts
468 upvotes
Oshawa, ON
2 condos
partnered with wife
we each had bought a condo when we were single before getting married then bought a house after we got married
my condo had 5% down, hers had 40% down, keep in mind both were intended to be primary residences when purchased.
mine cashflows about $150 a month, hers about $500.
we will probably sell the next time the tenants move out. buildings are getting to 10 years old now and real estate is awfully bubbly and condos aren't appreciating like houses do (though condo fees sure do).
Member
Aug 16, 2006
212 posts
61 upvotes
How many investment properties do you have? 1
Are you on your own or with partners? Partners
How did you come up with the big downpayments for each property and still break even? HELOC
How big is the mortgage on each property? 55% Down payment
Are you making a profit past the breakeven point? 1500 to 2000 per month profit
Deal Addict
User avatar
Apr 20, 2012
1718 posts
977 upvotes
Waterloo, ON
I will answer this for a buddy of mine.

Him and his wife have 3 in KW plus their own house where they rent the basement.
They are 29 and 35. He is an electrician she is a teacher.
Not sure exact on the mortages but probably all together cheaper than a detached in Toronto :p


A townhouse they rent near the college she bought in 2006
A Semi they rent near the college they bought together in 2010
A detached house they bought in 2013
A detached house they live in down town they bought in 2014
Newbie
Apr 23, 2016
16 posts
brobinsoncc wrote: I will answer this for a buddy of mine.

Him and his wife have 3 in KW plus their own house where they rent the basement.
They are 29 and 35. He is an electrician she is a teacher.
Not sure exact on the mortages but probably all together cheaper than a detached in Toronto :p


A townhouse they rent near the college she bought in 2006
A Semi they rent near the college they bought together in 2010
A detached house they bought in 2013
A detached house they live in down town they bought in 2014
They probably made quite a bit of money on the properties themselves. I thought I read something that said KW properties were up 16% this year.
Deal Addict
User avatar
Apr 20, 2012
1718 posts
977 upvotes
Waterloo, ON
emmakendall wrote: They probably made quite a bit of money on the properties themselves. I thought I read something that said KW properties were up 16% this year.

Yeah I would assume they are in pretty good shape.

He did say the value of the Waterloo property purchased in 2013 hasn't gone up much though when we were talking about it 2 weeks ago. Must be that particular area.
Deal Addict
Dec 21, 2011
3425 posts
637 upvotes
London
1 rental property
Was just mine but married now so it's ours
DP from heloc
Mortgage was 90%, down to about 45% now
Yes profit
Member
Oct 27, 2013
280 posts
75 upvotes
MISSISSAUGA
How many investment properties do you have? 1
Are you on your own or with partners? Own
How did you come up with the big downpayments for each property and still break even? Paid off my principle residence which had a HELOC. Used it to by the rental in cash then converted loan to a variable mortgage.
How big is the mortgage on each property? Purchased at $230, mortgage balance $160
Are you making a profit past the breakeven point? After expenses and contingencies (10% maintenance, 4% vacancy) I cashflow about $280 per month. Add principle repayment it's about $500 per month
Deal Addict
Nov 11, 2006
1000 posts
466 upvotes
I know guys who have several hundred properties. I'm not there yet. Sigh...
Deal Fanatic
Mar 27, 2004
5488 posts
3353 upvotes
Toronto
This is like asking how much money someone makes..

What is the purpose of this?

A cheap way to get into property ownership is buying a REIT. I buy a REIT over a condo as an investment anyday.
Full-time Realtor
[OP]
Penalty Box
User avatar
Feb 21, 2013
344 posts
41 upvotes
Yukon
oasis100 wrote: This is like asking how much money someone makes..

What is the purpose of this?

A cheap way to get into property ownership is buying a REIT. I buy a REIT over a condo as an investment anyday.
What's the difference in a reit?
Newbie
May 3, 2003
78 posts
11 upvotes
My real estate mortgage broker owned 7 townhouses in the gta area. I am still lagging behind at 2. Dp is generally savings...

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