Quotes of the Day

A consolidation occurs when the exchange rate is trapped in an ever-narrowing area. Consolidations often lead to breakouts. [2007] - Ed Ponsi

Whenever possible, make an offer to buy your unit with the closing day set for 90 days and with at least 60 days of conditional or contingency clauses to obtain a satisfactory home inspection report, conduct legal searches, and perform other due-diligence checks. [2013] - Dan S. Barnabic

A dinner date works best when you know the two of you have a lot in common and a lot to talk about. If you hardly know each other at all, a dinner date isn't the best option because it requires a lot of conversation before you've gotten to know each other. [2014] - Pepper Schwartz

After thoroughly researching comparable rents in the area, does it look like the rental income will support a Gross Rent Multiplier (GRM) of around 10 (or up to 12)? The GRM Formula: Asking/purchase price = $150,000; Monthly rent = $1,100; $150,000 divided by ($1,100 x 12) = 11.36 (CRM) [2013] - Julie Broad

Never borrow to invest unless you're a hundred percent certain you are insured against all realistically potential catastrophes. This is an important point, because different properties will have different insurance requirements. The type of property, neighbourhood, and renter profile will define what type of insurance you need. Find a great insurance agent connection and learn the basics of rental real estate insurance. [2017] - Calum Ross