All Forum Posts by: Mike Jebo

Ming Lim Good luck brother!! Don't hesitate to ask next time. You should have that type of relationship with your realtor anyway. LUCK? HAH we both know we don't operate on luck in this market. Nor do we need it on the selling side. Lol you will do well bro. Cheers! Mike.

Ming Lim Thanks for your feedback Ming. You're totally right. Don't get me wrong, I have a guy right now, a couple of them actually, they're good, but I simply want better! Because I know better exists. I'm big on personal development and so as we continue to development ourselves we must also improve the people around us - in both our business and personal life. I'm interested in sitting down with him to see how he can help me with my personal portfolio first. From there I'll know which clients to send his way. I appreciate your help. Cheers! Mike.

Welcome aboard. Loads of great information on here. Good luck with your endeavours. Cheers! Mike.

Ming Lim , have you found some comparable properties to show to your tenant yet? If you give me the address of the subject property and some details about it, I don't mind helping you out. Good karma goes a long way. Cheers! Mike.

Hello fellow members, As you know, building a strong team of trusted professionals is one of the main ingredients to growing your real estate portfolio and helping others to do the same as well if you're in the service industry. I'm currently looking for an excellent mortgage broker/agent/specialist. As most realtors can relate; we have many mortgage brokers trying to connect with us for our business everyday. There's almost as many mortgage agents out there as there are realtors (42,000 +). However, 80/20 rule applies. Make sure your mortgage agent deserves your business. Very few are good at what they do. I'm looking to connect with someone who can finance my difficult deals not only the easy ones. One who can finance 110% of the purchase value if and when need be. Thank you in advance! Cheers! Mike. Keyword spam: Toronto, Vaughan, Brampton, Kleinburg, Mississauga, Richmond Hill, Markham, York Region, Peel Region, GTA, Ontario, Canada, Mortgage Agent, Mortgage Broker, Mortgages, Financing.

Hi Dominique Holley ! Welcome to BP. I work out of Vaughan with a specific focus in Vaughan, Kleinburg and few pockets in Toronto. There aren't too many wholesalers around the GTA so I'm happy to connect with you as we can certainly bounce different deals off each other. In such a hot market, there lies great potential for wholesaling that many don't even think is possible. Send me a message and would love to work with you. Cheers! Mike.

Hi Jeff Gilbert I'm interested in picking up a rental property for myself and I'm also always working with investor clients to find great opportunities for them. Feel free to send me a message anytime. Would love to work with you. Cheers! Mike.

Personally, I'm not a fan of condos. "Concrete box in the sky." Don't like em. However, if you must go for a condo then I would recommend to buy one in Toronto - downtown core. They're experiencing decent rates of appreciation and if you be patient you can find something that cash flows still. I say downtown core because they will always be in demand even with the continuous amount of buildings erecting everywhere. What I recommend? Buy an entry level home for the same price range ($300,000 - $400,000) however much you are planning to spend for this condo. See where you're price range will take you. Find something that will cash flow and that will appreciate faster than a box in the sky. Cheers.

Ming Lim count me in! Always down to connect with like minded people close to me. How do you wanna send me the details? Still trying to figure out how we could private message other members and such.

Matt Geerts Matt, we accomplished that positive cash flow is possible in Toronto. $1,000,000 purchase with 10% down amortized over 30 years at 3% interest = $3,883/ month. At 6% = $5,492/ month. My buddy has a property by the beaches cash flowing $2000 / mo. Find/create something similar to that and you will be able to afford to carry your property IF we enter and when a down market occurs. What happens after a down market? It eventually picks back up and bounces up even higher. I always look at the bigger picture. As I mentioned before...look at the market from a GLOBAL scale rather then local scale and things start to make more sense. Now, zoom out from what happened 10 years ago or 20 years ago and look at the numbers on a 100 year scale. Prices and numbers on the chart are always linear! You were able to buy a home for $5,000 then $10,000 then $100,000 now $1,000,000. How many down market have we experienced since? Many, but numbers just keep getting bigger as time goes by. Who would of thought we'd be buying homes at a million dollars today say 10 or 15 years ago? No one. But that's exactly what we're doing and it will only continue, I think anyway. My point is...invest within your means and plan ahead so you don't lose your shirt in a recession. Don't be afraid to play in the bigger markets where there are higher risks. There are steps you can take to almost ensure you're recession proof. After all, the greatest rewards in life come from taking risks. Calculated risks. Cheers.