Updated Property Info and Cashflow

Here is the updated Cashflow situation for all properties.

Click on the side links for details on each property for more information. I'll start with the total cashflow situation:Here is the cashflow breakdown according to each property: Here are more property breakdowns: Cashflow is still negative but much improved from before...

Property TWO

Second property bought - Western Canada December 2003. One year after purchasing and closing Property ONE, we were living in Property ONE as owner occupied residences as stated on our mortgage application when we decided to invest in a second presale unit in an adjacent building being built. It was December 2003, over one year after our first ever purchase.

Our intention all along with Property TWO was to rent it to tenants - at that time fundaments were pretty good in Western Canada, unlike today. Market rent for this 685 square foot unit was $1150 a month and at purchase price of $171,000 it pretty much covered mortgage expenses, condo fees and property taxes. Like Property One, there was equity take-outs to make use of the equity to invest in other better cashflowing opportunities. Properties ONE and TWO represent the growth component of our real estate portfolio.