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All Forum Posts by: Mike Reimer

Mike Reimer has started 4 posts and replied 7 times.

Post: Free In-fill Lot. Build? Sell? or something better?

Mike ReimerPosted
  • Winnipeg, Manitoba
  • Posts 7
  • Votes 0

So my most recent purchase was a SFD on a double lot which I can separate titles on. Now I'm left wondering what I should do with it? Sell it take the money and run. Build on it but at the moment I don't have funds to. Or maybe find a partner to build? I came up with another idea while surfing when I found a number of homes for sale for next to nothing or even some free! These home can be purchased or acquired if the buyer moves them to a new location. Considering the location it would be going (low income area / old homes with small to none existent basements) what do you all think about creating a slab home on my infill lot and either selling or staying with my current strategy of buy and hold? The lot is worth approx $40k and a home could probably be acquired for free or around $10k . Let me know if anyone has ever done anything like this before?

Post: REI Manitoba

Mike ReimerPosted
  • Winnipeg, Manitoba
  • Posts 7
  • Votes 0

Hello Manitoba Investors, if you are new to investing / looking to expand contacts / develop buyer and sellers lists post here and share your area of expertise! I am a new investor currently buying and holding, looking to expand into new areas, possibly mobile homes. Share your ideas and hurdles you've over come here in Manitoba.

Post: Hello from Winnipeg, Manitoba

Mike ReimerPosted
  • Winnipeg, Manitoba
  • Posts 7
  • Votes 0

There going good so far...after expenses are taken care of I was surprised to see how little was left over.. less then 400 a month. Someone approached me with the idea of rent-to-own. What's your take on a strategy like that? @brandonatbp @Joshua Dorkin

Post: Hello from Winnipeg, Manitoba

Mike ReimerPosted
  • Winnipeg, Manitoba
  • Posts 7
  • Votes 0

Currently have 2 rentals looking to continue expanding! Very excited to see how helpful everyone here is.

Post: When is it time to get behind a business name and start a company?

Mike ReimerPosted
  • Winnipeg, Manitoba
  • Posts 7
  • Votes 0

Thanks for the advice Tom, I am planning on keeping my day job, but want to take on a more serious approach to real estate. I have look for someone in my area.

Post: Hello from Winnipeg, Manitoba

Mike ReimerPosted
  • Winnipeg, Manitoba
  • Posts 7
  • Votes 0

Hi everyone My name is Mike and I am relatively new to the real estate game, looking to do some serious reading and learn what I can. I expect I'll be spending lots of time here!

Post: When is it time to get behind a business name and start a company?

Mike ReimerPosted
  • Winnipeg, Manitoba
  • Posts 7
  • Votes 0

I am a new investor, having been in the residential market for 2 1/2 years so far. I own 3 properties and am wondering at what point do I create a business and brand for myself? My goal is to continue into larger multi-family dwellings.