My First SFH - Hamilton, Ontario, Ca

[Robin Valadares]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $370,000

3+1 Bedroom, 4 Bathroom, Double Garage Free Hold End Unit Town Home, currently tenanted.

What made you interested in investing in this type of deal?

It was my first investment deal, I was looking for an investment vehicle that benefited my situation at that time.

How did you find this deal and how did you negotiate it?

I used a real estate agent to help me through the process and the negotiation.

Lessons learned? Challenges?

First tenant that occupied the property I had to evict 3 months later for non payment. It taught me a valuable lesson in tenant screen and the judicial process. I have since done a lot more due diligence in my screens with a large help to the tenant screen algorithm on BP.