For the part you discussed about managing your cash flow. How do you determine how much is required to pay off the interest? You mentioned you borrowed 200k but only used 180k for the property and 20k to pay the interest.
Great video. Interesting as I have rentals in Ottawa. I like much of what he says, but also seems like a bit of analysis paralysis. Thanks for sharing.
Hardly paralysis! ;) I use key metrics to make decisions quickly. I invest in commercial assets because the outcomes are largely deterministic. All should have well defined criteria for deciding on whether to proceed on a project. Objective criteria leads to quick decisions.
I have called, visited, and emailed your office but no response till now. Love your content and was wondering if you could advise me as I want to purchase my first property.
Christian's skill of execution is something that I aspire to :)
Absolutely! Me too!
Thank you for breaking the content down into more simplified terms
Glad it was helpful!
Just found your channel recently, loved your channel, I am a small landlord, trying to watch more. Thank you cherry
Glad you are finding it helpful. Thanks
Awesome discussion. I always love listening to Christians conversations :)
For the part you discussed about managing your cash flow. How do you determine how much is required to pay off the interest? You mentioned you borrowed 200k but only used 180k for the property and 20k to pay the interest.
You can do some high level calculation, also use prior year mortgage statement as an approximate
I would personally say that this is one of the best videos!
Thank you and glad it is useful
Great video. Interesting as I have rentals in Ottawa. I like much of what he says, but also seems like a bit of analysis paralysis.
Thanks for sharing.
I personally don't do IRR calculation on investments, but I am definitely open to try.
If you have other metrics you use, let me know and I'll see how I can apply it as well.
Hardly paralysis! ;) I use key metrics to make decisions quickly. I invest in commercial assets because the outcomes are largely deterministic. All should have well defined criteria for deciding on whether to proceed on a project. Objective criteria leads to quick decisions.
Good interview, thank you .
Glad you enjoyed it!
I have called, visited, and emailed your office but no response till now. Love your content and was wondering if you could advise me as I want to purchase my first property.
Nice interesting video- how can I reach you. Have some questions for incorporating real estate.
Hi, please reach out to my team at realestatetaxtips.ca/contact-us/ and we can walk through the next steps. Thanks