All Forum Posts by: Jim Noseworthy

Many thx to all who have responded! Very much appreciate all of your insights. 

I'm mostly concerned with SFH as I want to get a grasp of the investment concept in smaller scale as I practice.

Maybe I can ask another question: "what determines a good deal for you on SFH? Cash flow? (How much is your minimum?), cap rate?, equity growth potential? Other?

(Ok, that was more than one question ;p )

Thx Scott for your suggestions and advice. I totally agree on not getting “caught up on rules”. I do, however, want to set some metrics that can easily remove the emotion from purchasing. Knowing what good metric values are for a particular market seem as though it would be helpful. 

Again, thanks for your response and all the best to you as well!

Thank you for your insights Jacob Perez. As a newbie I’m trying to balance utilizing certain metrics (with a grain of salt) and applying real-life conditions for certain markets without getting paralyzed. 

I began my real estate investment journey late last fall, and am at the point I am now making offers. This is helpful to see others making adjustments on the data while still making good deals. Appreciate your words of wisdom and experience. 

So I’ve been looking at house prices across Southwestern Ontario over the last month, and I’m trying to figure out some of the numbers. BP would suggest for a rental, to use the 1% rule. With house prices the way they are, and existing rents, it’s virtually impossible to get 1%. What number is everyone using for quick calculations?

Also, when it comes to cap rates, is 6-8% a reasonable level? Or should I be aiming higher still? Seems I might pass on a lot of properties if I continue to wait for the numbers to get better.

I was also troubled by the amount of American content. Another book I found helpful was The Real Estate Retirement Plan by Calum Ross. He writes extensively on “how to finance”, taxation and investing. 

Calum is also hosting an upcoming real estate investment forum on March 2, 2019 in Toronto, with a number of guest speakers and workshop sessions. 

Never Split the Difference by Chris Voss, is another excellent book to help prepare you in any business deal. 

Hello London, Ontario investors! I’m an electrical/ mechanical contractor in the London area. Looking to grow my network and possibly apply my knowledge and experience as an investment tool with partners. Looking forward to getting to know some of you. 

It’s law in Ontario for any electrical work to have a permit applied for, even if performed by a home owner. The Electrical Safety Authority has more information regarding this at www.esasafe.com. 

what areas are you investing in?

Check out Harrison Carter Goup. They can help with management and many other options. Extensive experience with this group. 

Good morning all. New comer to the group and first post. As an investor that is just starting out, I am in the education process. I’ve been reading about assessing property values and utilizing the 70% rule. Can anyone share their experiences where using the 70% rule has elicited a deal, or have you had to use a “+/-“ approach (with a little bit of gut feeling) to determine an opportunity? Hopefully this question makes some sense. I look forward to your responses