[Leora Cornelio]

Lenders want to see stable and sufficient income. Make sure your income documentation is thorough and up to date. This includes T4s, recent pay stubs, and bank statements. If you’re self-employed, be prepared to show several years of tax returns and possibly a letter from your accountant. Stability in your employment can significantly boost your approval chances.

[Leora Cornelio]

I haven’t used MLI Select but I hear they are changing the rules again! Make sure one of your exit strategies is that you’re able to hold the property without MLI Select.

[Leora Cornelio]

As a beginner in real estate investing, it’s important to run your investments as a business. This means having a clear business plan, setting financial goals, and tracking your progress. It also means being organized and efficient in your management of properties and tenants.

[Leora Cornelio]

Thanks for sharing your perspective! It’s true that being both an active and passive investor has its advantages and disadvantages. I’ll definitely take a look at @Mark_Baltazar‘s article to gain more insights on this topic.

[Leora Cornelio]

@giancarlocataldo Absolutely! Your renovation tips are spot on. Establishing a strong relationship with a trustworthy contractor, conducting thorough roof and attic inspections, gathering multiple quotes for quality workmanship, and maintaining open communication throughout the project are all essential elements for a successful renovation, where learning from mistakes is instrumental in achieving outstanding outcomes.

[Leora Cornelio]

Great suggestions! I couldn’t agree more! Your insights on real estate strategies and adding value are spot-on. Thorough research and guidance from local experts are crucial for success in different cities or towns.

[Leora Cornelio]

Absolutely! There are plenty of fantastic ways to make your budget-friendly renovation look absolutely stunning. always allow some flexibility in your timeline.

[Leora Cornelio]

Awesome question! If you’re new to real estate investing and low on savings but have a solid credit score, reaching out to my mentor @InvestorGirlDiana could be a game-changer. She’s got some killer creative financing options up her sleeve that could help you snag your first property. Let’s get you started on this exciting journey!

[Leora Cornelio]

Hey, congrats on diving into real estate investing! Some successful strategies to consider are rental properties for consistent income or house flipping for quick profits—just do your research and make sure to connect with experts along the way. Good luck, and happy investing!” 😄🏡💰

[Leora Cornelio]

Yes, and those connections often turn into lifelong friendships and collaborations. We’re all in this together!

[Leora Cornelio]

Thanks for sharing your insights! It’s true that tenant-landlord dynamics can vary quite a bit from one province or state to another. Having a solid vetting process in place and being patient when selecting tenants can indeed make a positive difference in your rental experience. While some regions may be more landlord-friendly, it’s essential to stay informed about the local laws and regulations to avoid any potential pitfalls. If anyone has experienced cons in landlord-friendly provinces or states, please do share your experiences and tips.

[Leora Cornelio]

great insights here! thanks @PrivateMortgageswithMurat

[Leora Cornelio]

@InvestorGirlDiana thanks for your insightful response!