Our Final Property Purchased was Property EIGHT: London, Ontario January 2007 - AGAIN THIS IS OUR HOME. So that's where we stand, this is our final real estate puzzle. We have the cash reserves set aside in case some of the atrocities in the US hit us hard here in Canada. Our objective is to protect these cash reserves as much as possible. However, we have given some though to putting this cash reserve to work and have it offset some of this negative cash flow in other properties...... but given our current leverage, we're happy to have it set aside as a means of "insurance".
Monday, February 26, 2007
Property EIGHT - Our HOME
Don't know if we should even consider this on the chart, I mean, its our home. That being said, houses when you live in it don't cash flow. At all. Unless you rent out a room or something but that's not for us. Anyways, here's the chart on this one. My employment paycheques are covering this one just fine, but hopefully if we structure things property, we can eventually get the cashflow from the SEVEN other investment properties to spill over and pay the monthly payments on our home:
Our Final Property Purchased was Property EIGHT: London, Ontario January 2007 - AGAIN THIS IS OUR HOME. So that's where we stand, this is our final real estate puzzle. We have the cash reserves set aside in case some of the atrocities in the US hit us hard here in Canada. Our objective is to protect these cash reserves as much as possible. However, we have given some though to putting this cash reserve to work and have it offset some of this negative cash flow in other properties...... but given our current leverage, we're happy to have it set aside as a means of "insurance".
Our Final Property Purchased was Property EIGHT: London, Ontario January 2007 - AGAIN THIS IS OUR HOME. So that's where we stand, this is our final real estate puzzle. We have the cash reserves set aside in case some of the atrocities in the US hit us hard here in Canada. Our objective is to protect these cash reserves as much as possible. However, we have given some though to putting this cash reserve to work and have it offset some of this negative cash flow in other properties...... but given our current leverage, we're happy to have it set aside as a means of "insurance".
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment