All Forum Posts by: Matt Geerts

Tax sale information is public. I'm sure that we, the hive-mind of BP, can figure out anything that he's trying to sell.

Now, is anybody on BP buying in Hamilton? Those minimum tenders are so low that you can easily "test the waters" just to see the process by offering minimum. The worst that can happen is you don't win it, but you make some contacts and can share your experience here :)

Bump?

@Giuseppe i think the crowd is dying for information.

Diane, might I suggest that you read all that you can about "house hacking"? For example, use to your advantage the very low down payments available to owner-occupiers. If you have 20k, you can put a 5% down payment on a 400k 4-plex and you are instantly in a strong investment position. No need for heavy sales like wholesaling.

You said you must learn before you take action, but this wrong. Take action TODAY by immediately sorting out your budget so you maximize your savings for down payment. 

Take action tomorrow by insisting on greater hours or pay at one of your jobs, or by seeking a single higher-paying one. Perhaps a property management company or contractor would take you on.

Best of luck!

Would it be considered "Soliciting securities" if I publicly advertise that I'm looking for someone to hold a mortgage on a house for me? I am not looking for someone to share in profit/loss as a capital investor, only for someone to act as a lender.

I want terms that would not be available at a bank, and I'm willing to pay a rate high enough to make it worthwhile, I just don't know if it is legal to ask publicly for this type of service.

Thanks

For some reason I can't tag more than one Matt in a single post, so forgive the extra posts. To the other Matt's, I'd appreciate if you could all get legal name changes to reduce confusion.

@Matt McKee

@Matt Smith , @Samuel Sedore , @Account Closed

Our last event was a big success with 16+ people in attendance, and it was unanimous that we need to do this regularly. It was also widely requested that we start earlier to make more room for deeper discussion.

So please join me again at Tiger Jacks on Southdale Rd. in London Ontario at 6:30pm on Tuesday May 17th, 2016.

This time around I'd like to add just a BIT of structure to our meet-up. The one thing that we all hear over and over again on the Bigger Pockets Podcasts is that the number one reason why people give up, fail or never get started in REI is a lack of taking action!

So this time around I'd like to encourage everyone to bring to the table one thing they've done in the last month to advance their real estate investments, and one thing they plan to do in the next month. No matter how big or small, any action is better than no action.

I'm looking forward to seeing you all again!

Oh yeah, find the zoning map on the City website, too, just to be sure that you know your options. 

Yeah @Annabelle Lee they really make it user-friendly, don't they?

Go to page 23 and you'll see the heading for the Hamilton sales. From there, pick the "street address" from the mess of tax roll and lot number crap. You'll see the assessed value and minimum tender bottom-right of each property listing. Put the address into google maps and hit street view (then confirm you are looking at the right building by zooming in on the house number... google often misses). If it looks okay so far, go to the house and peer in the windows :)

If you like it, the bottom of the Hamilton section has some instructions on how to bid, with a link to the City website so you can get the rest of the details and form. Get a cashier's check for 20% of your bid, write up the tender bid and mail it in. Show up on opening day to collect your deed.

Oh right... first do a title search to make sure there isn't $500k owing and somehow find out if there's an environmental issue. 

Most importantly, TELL ME HOW IT GOES!