Kory Mackinnon advises investors to ensure every property has ample cash flow from the start and to maintain reserves for unexpected changes. He also recommends refreshing vacant units to current market rents and exploring medium-term furnished rentals, which can generate 50 to 100 percent more rent per month while reducing turnover.
No. Kory encourages serious investors to remain active because there is more inventory on the MLS and listings are going stale, creating opportunities to negotiate lower prices. He notes that investors who sit on the sidelines waiting for the bottom often miss great deals that can be found by working with motivated sellers today.
He recommends analyzing deals over a three-to-five-year horizon and underwriting borrowing costs at an average of four and a half to five and a half percent rather than current rates. Investors should also consider mortgage paydown and future appreciation, not just immediate cash flow, to understand the true long-term return.
Kory believes investors should practice patience while still taking informed action daily. This means staying in constant contact with realtors, mortgage brokers, and other investors, committing to a plan, and securing mentorship so they have a proven playbook to follow.
He suggests creating a checklist of non-negotiable criteria such as parking, good construction, and a solid neighborhood, then falling in love with the numbers rather than the property itself. This disciplined approach prevents investors from talking themselves out of good deals due to bias or negative outside opinions.
