All Forum Posts by: Len Ayton

We are Canadians. We have decided to not invest here currently. My wife and I desire to retire in Nicaragua for a number of reasons. But currently, We would like to invest there and do something kind of unconventional. We are considering buying a small beach resort. We would like to live there with our family for at least a year and use it for STR to get started. We would rent out our current home in Canada( very tiny mortgage left on it) for a year. We would like to "plant a flag" in the U.S. (Florida) open a US bank account and wondering if it would be possible to get a U.S mortgage for this.

Thanks so much Ashley . It’s a start. I’ll look into that company this week. 

Property management in Sudbury, Espanola ON Canada. Does any one recommend a good company to work with?

@Justin Sleep

Good morning Justin. I’m by no means an expert. But I have done a little research into this myself. The landlord tenant act in Ontario is very tenant friendly. It is possible to purchase a vacant property, however it is important to do your own research to avoid any legal problems. My understanding is that the current owner of the property needs to get the current tenants to sign form n11. You can imagine how difficult it might be to get all 10 tenants to voluntarily sign that form before the sale of the property. My realtor advised me to make the sale conditional on vacancy, the n11 being sighed and doing a walk through on the day of closing to make sure everyone and everything was out.

If you move a tenant out for renovations when you have completed the Reno you must offer your nice new apartment back to the same tenant at the same price. You can apply for a rate increase but it is insignificant. I think you also have to find them somewhere to live while their apartment is under renovation. But again I’m no expert. It is important to do your own research and talk to a real estate lawyer.  i’m just sharing my opinion.

Good day bigger pockets. I am a small business and I have been contacted by a large investor to provide a quote for providing and installing flooring in several of his units. I'm wondering is it possible to work for equity or a percentage of a deal or whatever instead of getting payed for work provided?
If so how should I approach him with the offer?
What should it look like?
what has worked for you in the past?

Any other suggestions that would be helpful would be appreciated.

Good day.

I’m fairly new to BiggerPockets. Interested in learning more about lease options in Ontario. I suspect that the rules and laws are somewhat different in Canada than the US. I was wondering if there’s any good resources that I could look into to learn more about this topic?

Thanks