So apparently Waterloo is rank #1 in the top ten list of where to invest. Is this list still current? I just happen to live 1.5 hours away from there. My interests are in larger building like 8plexs. I might be more inclinded to buy single family homes once I start evalutating properties using the score cards and such, but I`m really interested in getting large buildings because it seems to make more sense to have more under 1 roof.
Issue #1
Anyway, I`m curious to know how everyone purchases their properties and what you do with them long term. For example, do you put a big down payment down towards the purchase like say 25% and mortage the rest, and if you do, do you use your own money for the 25%? Then when you have the property, do you try and pay off the mortgage as soon as possible, or do you ride the whole mortgage out, say 25 years? Or do you constantly refinance the properties, taking whatever equity you built out to either invest or spend.
My interests at the moment are no so much to increase my disposable income. I would rather work towards paying off my properties so that I can live very comfartably some day off them.
Issue #2
The other thing is, Iv`e never really learned how to buy large buildings and have them run without me constantly having to baby sit them. At some point I plan on owning multiple buildings and I`m sure I would need a team of people to help me manage them. So my guess is having a superintendent living at the building, at a reduced rent(for example) and a property management company or a realtor deal with advertising vacancies...whatever...is this kind of process discussed in any your books or quickstart home kit? Or is this something that members get guidance with at the meetings?
Any help or advice is much appreciated.
By the way, if I`m asking a detailed question that may require membership to receive a detailed answer, then please accept my apologize.
Issue #1
Anyway, I`m curious to know how everyone purchases their properties and what you do with them long term. For example, do you put a big down payment down towards the purchase like say 25% and mortage the rest, and if you do, do you use your own money for the 25%? Then when you have the property, do you try and pay off the mortgage as soon as possible, or do you ride the whole mortgage out, say 25 years? Or do you constantly refinance the properties, taking whatever equity you built out to either invest or spend.
My interests at the moment are no so much to increase my disposable income. I would rather work towards paying off my properties so that I can live very comfartably some day off them.
Issue #2
The other thing is, Iv`e never really learned how to buy large buildings and have them run without me constantly having to baby sit them. At some point I plan on owning multiple buildings and I`m sure I would need a team of people to help me manage them. So my guess is having a superintendent living at the building, at a reduced rent(for example) and a property management company or a realtor deal with advertising vacancies...whatever...is this kind of process discussed in any your books or quickstart home kit? Or is this something that members get guidance with at the meetings?
Any help or advice is much appreciated.
By the way, if I`m asking a detailed question that may require membership to receive a detailed answer, then please accept my apologize.
