All Forum Posts by: Quentin D.

@Roy N. just want to say - wow you have a lot of votes! Thats cool.

@Gary McGowan Until those darn realtors allow everyone to access the MLS data we are out of luck. :( Or we can start paying $100 a month or something like that to access it, we have to depend on our Realtor friends. Right Gary!

Along with a Realtor, I have developed a way to use a reverse MPAC formula to come up with the Tax Value of the property. Another words if you know the Yearly Taxes you reverse the formula to get the tax value of the property. Challenge is that this is usualy 10% lower than the actually value of the property. So its really only a guideline, not a hard and fast value. Just add 10% to what you get. (And sometime this value is just plain wrong too) That's why you need to be a geographic expert, not a generalist.

@Gary McGowan Are you everywhere? lol

@Ghazal Nezafati I'd like to corroborate what Gary says and his experience. Still not sure why he went to the dark side.(Realtor) Most people who wholesale have learned it from a guru who has blown through town. Be very careful, some of these people sell 25k courses and teach very little applicable and practical real estate investing tips. BiggerPockets is a great start.

Come out to a grass roots meeting of like minded real estate investors. I help to facilitate a group called the Durham Real Estate Investor Club or just checkout Meetup.com for a group closer to you. See what is actually working and what is not in your area.

You need to get some education and training in order to do that. Something in your province or travel out of province for training. But definitely Canadian and there are lots of Canadian REI courses out there. But most importantly you have to commit to doing them because training is only one part of it. Doing is the most important.

Short reply working from reno site today on Blackberry.

Why Condo Towns-

Built in property management means less management for me. Just need to spend time managing the manager.

Provides solid cash flow and solid appreciation.

Multiple exit strategies - entry level homes make it easier to liquidate, as well as lease to own.

These homes are usually where families start and also provides for longer renters for the demographic I rent to. (Upper working class Lower middle class)

Take Care

Quentin

I'm Quentin and just wanted to say hello. Started posting some replies to posts that were relevant to me and hopefully useful for other people as well.

Joshua this is not a sales pitch just what I do (got my avatar removed - apologies there)... I focus on condo townhouses and freehold townhouses in Ajax, Pickering and Whitby Ontario. We are in the August 2009 issue of Canadian Real Estate magazine. http://www.canadianrealestatemagazine.ca/

Thought I would try out networking in this community. :)

Take Care,

Quentin

We meet regularly in Ajax, Ontario - but we are Real Estate Investors and Business Owners focused in the Durham region. Varies between 8-15 people depending on the topic.

If you are interested I can add you to our email list.

Take Care,

Quentin

Hi Shana,

It depends on what you mean by creative. The laws are different but similar things happen. Lease to owns, sandwich leases, fix and flips etc.

Take Care,

Quentin

Pickering is a great place to invest!! I have a few places there so I am biased. :D

I'm guessing that is what you are referring to.

Hi Shana,

It is not the price of the house that should concern you but what type of income you can draw from it. If you are buying solely for appreciation then you are speculating and not investing.

There are opportunities in all types of markets. It really is based on what you know what to do with a property - Buy and Hold, Lease to Own, or Fix and Flip are just a couple main ways.

Take Care,

Quentin

Buying for cash flow in areas that have solid fundamentals which work for equity appreciation. We focus in the Durham Region - Ajax, Pickering and Whitby. Our portfolio consists of condo townhouses and freehold towns.

Take Care,

Quentin