All Forum Posts by: Nickey Calford

you require permission from the current owner to start the process the city has a form, and even then they recommend the current owner does the rezoning. 

If you are getting 1% of the purchase price every month you are doing pretty well.... those deals are hard to come by. 

6.5 cap rate... will be listed at $650k brings in about $50k a year.

@Shelly F.... I am a KW agent in London have a 9 bedroom Duplex close to the main entrance to Western university coming up shortly... pretty good return and fully Rented:) feel free to pm me for details:) 

love this story!!! I am a realtor in London Ontario... have flipped 18 so far and would love to help you find something here:) 

Build Her Wealth power house women joined together to network and get you answers to the real estate question that keep you up at night, food and drinks and open Networking with fellow real estate investors. www.bhwsummernetwork.eventbrite.ca

New to this site... will pm when I figure out where to do that😜 

I am a realtor:) I work with investors depending on their niche:) I have a few flip clients and many investors ranging from single family rentals all the way up to small apartment buildings. 

Joe, it is true you can't pay for pizza:) but for some investors it's about building passive income to retire on, pay for kids college/wedding... our market has gone up 26% in the last 12 months, predicted to go up another 20% in the next 12...  so that appreciation is giving way better returns than most GCI's, Stocks and bank interest rates... 

In our market you are lucky to see cash flow of $200 if your goal is to eat out once a week then that's the way to do it... if your goal is to live modestly and retire early then having the mortgage paid down in 15 years and the property appreciation almost double buying and holding is a great way to build equity. 

Everyone has their own niche to investing... some want to see a quick turnaround, others want a monthly residual right away, others want a long term retirement fund.... most real estate millionaires have tried many ways and have figured out the one that works the best for them.  If someone could put together a step by step process on how to start with $20000 and end up with $1000000 that was fail proof we would all be rich! 

So I agree and disagree with Joe's post... 

there are two types of return on property investment....cash flow monthly and appreciation.   The goal is to always have the property cash flow positively but the appreciation is a big part of it too. 

If you have $100000... and you put $20000 down on one property (in Canada we put 20% down on investment properties) and that $100000 property appreciated 3% (our very conservative average increase up until the last year where it has gone up to 26%) you would make $3000 a year because you are getting appreciation on the whole $100000 value of the home. 

If you paid off that property you would only get the appreciation on that same $100000 ($3000/year).

Let's say you took your original $100000 and put $20000 on 5 properties @$100000... you would be getting the appreciation on $500000 ($15000/year).

The tenants pay your mortgage, and the interest is a write off.

Length of Amortization is another Factor.

@Luc Boiron Not really... in the last two weeks we have seen things slow slightly but that could just be our standard seasonal slow down through the summer starting.  We are still seeing bidding wars.