All Forum Posts by: Roy Cleeves

Hi Josef 

I am an investor I  Kitchener, Csmbridge, Guelph and I also have 3 bungalows in Florida near Orlando.

You should probably make your first investment in St Catherine's where you live.  There is positive cashflow opportunities there.  I can help you crunch the numbers.

The thing about investing in the USA is that you are laying a 30% premium due to exchange rate.

And you need to put more cash down.  

Connect with me anytime.

Hello Andrea:  That used to work 15 years ago yet not now.

I am in Ontario in Kitchener Waterloo and we are happy to find a property that can break even for cashflow or have a small positive or small negative each month and it still works out as a good investment due to the expected appreciation in value over time and the expected rent appreciation over time and the paydown on the mortgage over time.  

You can also find making two units out of a bungalow or similar type of home can create positive cashflow.  You rent out the upper and lower units and the total creates positive cashflow that may not be available in a regular single family unit.

Hi Matt

Sorry I cannot attend this one due to vacation.  I will join the facebook page and hope to meet up next month.  Cheers!

Hi Michael 

I am in Ontario.  I am invested in Kitchener, Burlington, Guelph, Barrie, Cambridge, Brampton and Orangeville.  Some are long term holds and some are Rent to Owns (aka Lease options).  I am happy to chat on any of these.  Cheers and Welcome

Hello Matthew:  Congrats on your focus.  I didn't start buying till I was 40.  I am now 56 and have 16 rental properties and I have the financial freedom to retire if I so desired.  Rental properties are the key to long term wealth.  Buying your first one is the leap.  It is easier after that.  The key is to get great tenants.  As long as you have great tenants you will have a great experience being a landlord so be sure to screen them thoroughly.  Ask them to provide their credit report as it is free from creditkarma.ca and always google their name and always talk to their landlord from before where they currently rent now.  These are a few tips.  As you go along you will learn how to refinance your homes to buy more and how to continually increase rents so that you can support those refinance figures.  Good luck and connect with me anytime.  

Right Now if they leave you can put the new rent at whatever you want.  If they are staying and your current lease ended - then they automatically go on month to month and you can only increase the rent by 1.8% and you have to give them 90 days notice of that rent increase as well from the end of their term.  

 @Doug Pretorius

@AJ Dhillon 

I have found both London and Kitchener, Waterloo, Cambridge to be great investment markets for cash flow and appreciation on Real Estate.  My preferred investment is a brand new unit as you put little cash down and then it appreciates even before it is built.  You pay for it in Cash and then refinance on the current market value so that you have less money invested and a greater return.  

Condo's in the Core of Kitchener and Waterloo are the new Rage and they are selling out within 25 minutes of the opening day.  These have the greatest appreciation at this time.  And once a tenant is in place for renting then you have very little to do since it is a condo and the unit is still brand new.

Kitchener is not Saturated especially for rental to families instead of students.  

Waterloo seems to be saturated for student units while not saturated for family rentals.  And Waterloo has a rental bylaw costing you extra as a landlord to get a license.

Cashflow is always wonderful.  Even if you break even when you first rent it now, you may be able to get cashflow after one year when you do a rent increase.  And continued rent increase will add value as it will add cashflow each year for you.  Rental rates are on the rise all over the golden horseshoe due to increased demand.  A lot of that demand is from the continued immigration to these areas.

Hi Nino

As long as you can afford it, why not rent it out or even do a rent to own on it.  I have done both of these strategies and they have worked out very well.  Holding and renting it would be best for your long term wealth.