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All Forum Posts by: Mike Oliveira

Mike Oliveira has started 3 posts and replied 62 times.

Post: Realtor in Oakville, Ontario. Flips, Wholesale, and networking.

Mike OliveiraPosted
  • Rental Property Investor
  • hamilton, Ontario
  • Posts 66
  • Votes 15

Welcome,from an investor based out of Hamilton 

Post: Newbie looking to invest in multi family Niagara region, Ontario

Mike OliveiraPosted
  • Rental Property Investor
  • hamilton, Ontario
  • Posts 66
  • Votes 15

The reason is I ask about the turn key is beaucase if you look for something that needs a decent amount of work you will find the 1 percent rule easier. I’m always interested in connecting. Let me know 

Post: Newbie looking to invest in multi family Niagara region, Ontario

Mike OliveiraPosted
  • Rental Property Investor
  • hamilton, Ontario
  • Posts 66
  • Votes 15

Good on you. your story sounds like mine did when i first started out. saved a good chunk of cash living at home then go into investing. As for having trouble finding a property that meets the 1 percent rule, are you looking at turn key properties?

Post: What is the Best Financing Strategy?

Mike OliveiraPosted
  • Rental Property Investor
  • hamilton, Ontario
  • Posts 66
  • Votes 15

You could look for a joint venture/private money 

Post: Property management, How much do they REALLY cost?

Mike OliveiraPosted
  • Rental Property Investor
  • hamilton, Ontario
  • Posts 66
  • Votes 15

I usually pay 5-8 percent. Seems to be the going rate around my area. 20-30 sounds like short term service like Joel said or just outrageous 

Post: Quit my 9 to 5 Job to do Real Estate Full-time - Windsor, ON

Mike OliveiraPosted
  • Rental Property Investor
  • hamilton, Ontario
  • Posts 66
  • Votes 15

Awesome story. Looking to leave my job this year as well. Have been looking into Windsor for some time now as well. 

Post: Toronto Canada Real Estate Market

Mike OliveiraPosted
  • Rental Property Investor
  • hamilton, Ontario
  • Posts 66
  • Votes 15

Look for deals where you can increase the value. “Forced appreciation” . Typically I look at deals that might not be cash flow positive when I buy but will be after a rehab. Don’t rely solely on the market to appreciate. 

Post: New member in the Niagara region

Mike OliveiraPosted
  • Rental Property Investor
  • hamilton, Ontario
  • Posts 66
  • Votes 15

Multi family is definitely a good strategy especially value add deals. They are getting tougher to find but still out there. Good luck 

Post: Any inspectors you would recommend in Hamilton Ontario?

Mike OliveiraPosted
  • Rental Property Investor
  • hamilton, Ontario
  • Posts 66
  • Votes 15

John trigiani 

Post: New Ontario investor reaching out

Mike OliveiraPosted
  • Rental Property Investor
  • hamilton, Ontario
  • Posts 66
  • Votes 15

Hello Kyle, I'm currently renovating a house built in 1892 with a concrete foundation and it a brick house and it is structurally solid.  Other then that almost everything is being redone and it is a lot of work.