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  • mitchlougheedrealestate
    Mitch Lougheed
    @mitchlougheedrealestate

Images by mitchlougheedrealestate

Have you ever wanted to be a Landlord / invest in Real Estate but you’re not sure where to start? I’ll give you a bit of help
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#1 Locate a Neighbourhood where you have the best opportunity of $ per sq’ growth
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#2 Determine how much money you have for a down payment
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Let’s say, hypothetically, you have $120,000 to invest and are approved to purchase something up to $525,000
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#3 Calculate monthly expenses
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Purchase Price - $525,000
Down Payment - $105,000
Mortgage Amount - $420,000
Monthly Mortgage Payments - $1,990 @ 3%
Condo Fees (Roughly) - $450
Taxes (Roughly) - $180
Total Expenses not including insurance :
$2,620
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In this case, you will need to rent this unit out for $2,650 to break even. For $525,000 you might have a hard time finding something that rents for that. Ideally you want to be cash flow positive so you will want to fine tune this. By fine tuning I mean finding the sweet spot. The average 1 Bedroom downtown rents for about $2,500 so I would want to get my monthly spend to below this and find a property that nets cash every month
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For example, $525,000 can get you a 600 sq’ one bedroom plus den in some parts of Toronto. If you could find a property for let’s say $500,000, and rent it out for roughly $2,600, you will be making money
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The reason it’s important to have cash flow is so you’re not relying solely on market dynamics. That being said, it’s pretty safe to assume 4% or so each year in equity gain
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I know it’s a lot to take in at once so feel free to send me an email if you want me to explain further
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I would be more than happy to help you find the perfect property and put together a full investment synopsis!
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#torontorealestate #invest
Have you ever wanted to be a Landlord / invest in Real Estate but you’re not sure where to start? I’ll give you a bit of help • #1  Locate a Neighbourhood where you have the best opportunity of $ per sq’ growth • #2  Determine how much money you have for a down payment - Let’s say, hypothetically, you have $120,000 to invest and are approved to purchase something up to $525,000 • #3  Calculate monthly expenses - Purchase Price - $525,000 Down Payment - $105,000 Mortgage Amount - $420,000 Monthly Mortgage Payments - $1,990 @ 3% Condo Fees (Roughly) - $450 Taxes (Roughly) - $180 Total Expenses not including insurance : $2,620 - In this case, you will need to rent this unit out for $2,650 to break even. For $525,000 you might have a hard time finding something that rents for that. Ideally you want to be cash flow positive so you will want to fine tune this. By fine tuning I mean finding the sweet spot. The average 1 Bedroom downtown rents for about $2,500 so I would want to get my monthly spend to below this and find a property that nets cash every month - For example, $525,000 can get you a 600 sq’ one bedroom plus den in some parts of Toronto. If you could find a property for let’s say $500,000, and rent it out for roughly $2,600, you will be making money - The reason it’s important to have cash flow is so you’re not relying solely on market dynamics. That being said, it’s pretty safe to assume 4% or so each year in equity gain • I know it’s a lot to take in at once so feel free to send me an email if you want me to explain further • I would be more than happy to help you find the perfect property and put together a full investment synopsis! • #torontorealestate  #invest 
Throwback to the Roast of the Year @justforlaughs
Throwback to the Roast of the Year @justforlaughs
The average Toronto Condo now rents for a record high of $2,350. This new rental rate has made the economics of a passive one bedroom rental investment, make sense. If you are interested in finding out more. DM or Email for more info
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Stay tuned for my monthly investment report
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#toronto #torontorealestate
The average Toronto Condo now rents for a record high of $2,350. This new rental rate has made the economics of a passive one bedroom rental investment, make sense. If you are interested in finding out more. DM or Email for more info • Stay tuned for my monthly investment report • #toronto  #torontorealestate 
Forest Hill Awards Dinner 🏆
Forest Hill Awards Dinner 🏆
Check out my latest interview by @torontostoreys
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Link in Bio ☝️
Check out my latest interview by @torontostoreys • Link in Bio ☝️
NEW LISTING🏢
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Video in BIO☝️
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Yonge and St. Clair is one of the most desirable neighbourhoods in Toronto. Steps from the TTC and some of the cities best restaurants. This Boutique Condo has everything you need in a Home
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- $1,515,000
- 2 Bed
- 2 Bath
- 1,513 sq’
- Open Concept
- Tons of Natural Light - High End Finishes
- High End Appliances
- Heated Bathroom Floor
- Solid Granite Counter Tops
- Breakfast Nook w/ Pantry
- LED Pot Lights Throughout
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Send me an email or DM for more details. This Condo has it all. No Details were missed
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📧mlougheed4@gmail.com
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#toronto #torontorealestate #torontocondos #torontohomesforsale #torontocondosforsale
NEW LISTING🏢 • Video in BIO☝️ • Yonge and St. Clair is one of the most desirable neighbourhoods in Toronto. Steps from the TTC and some of the cities best restaurants. This Boutique Condo has everything you need in a Home • - $1,515,000 - 2 Bed - 2 Bath - 1,513 sq’ - Open Concept - Tons of Natural Light - High End Finishes - High End Appliances - Heated Bathroom Floor - Solid Granite Counter Tops - Breakfast Nook w/ Pantry - LED Pot Lights Throughout • Send me an email or DM for more details. This Condo has it all. No Details were missed • 📧mlougheed4@gmail.com • #toronto  #torontorealestate  #torontocondos  #torontohomesforsale  #torontocondosforsale 
🙌This is the best that Toronto has to offer. Here is what 3,500sq’ looks like at the Shangri la
🙌This is the best that Toronto has to offer. Here is what 3,500sq’ looks like at the Shangri la
Such an incredible day. So thankful I was able to share this experience with you both. @nosnihctuh34 @jennarae580. Congratulations 🥂
Such an incredible day. So thankful I was able to share this experience with you both. @nosnihctuh34 @jennarae580. Congratulations 🥂
YORKVILLE BUYERS🚨
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This beautiful penthouse is on the market in one of the top neighbourhoods in Toronto. You have to check it out
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- 2,000+ sq’
- Unobstructed Panoramic Views - 3 Bedrooms
- 3 Bathrooms - 10’ Ceilings
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For more information , DM or email!
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📧mlougheed4@gmail.com
YORKVILLE BUYERS🚨 • This beautiful penthouse is on the market in one of the top neighbourhoods in Toronto. You have to check it out • - 2,000+ sq’ - Unobstructed Panoramic Views - 3 Bedrooms - 3 Bathrooms - 10’ Ceilings • For more information , DM or email! • 📧mlougheed4@gmail.com
Attention Loft Lovers🚨 This place is for you!!
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- 1 Bedroom
- 1 Bathroom - 10’ Ceilings
- Low Maintenance Fees
- Amazing Location
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This Condo is perfect for any first time Condo buyer looking to get into the market. Contact me today for more details.
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📧mlougheed4@gmail.com
Attention Loft Lovers🚨 This place is for you!! • - 1 Bedroom - 1 Bathroom - 10’ Ceilings - Low Maintenance Fees - Amazing Location • This Condo is perfect for any first time Condo buyer looking to get into the market. Contact me today for more details. • 📧mlougheed4@gmail.com
This Condo deserves all of your attention
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- Toy Factory Loft
- 2,800 sq’
- 21’ ceilings in living room
- 2 + 1 Bedrooms
- 700 sq’ private rooftop terrace
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DM for price or more information
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📧mlougheed4@gmail.com
💻mitchlougheedrealestate.ca
This Condo deserves all of your attention • - Toy Factory Loft - 2,800 sq’ - 21’ ceilings in living room - 2 + 1 Bedrooms - 700 sq’ private rooftop terrace • DM for price or more information • 📧mlougheed4@gmail.com 💻mitchlougheedrealestate.ca