All Forum Posts by: Ryan S.

"Since when can a governing body tell us what we can and cannot lawfully do?" All the time. Think of this as the equivalent of a speed limit, it exists because people have poor judgement about levels of risk. You might feel you can go 100 mph, but if the road is designed for 60 mph you are putting yourself as well as others at risk, sure you might just crash into a tree and only hurt yourself, but you might crash into someone else and hurt them or their family.  That is what the lock down is about, everyone else. You might not care about your own health figuring you can beat it, and maybe you can but while you are sick and are asymptomatic, or have mild symptoms you can spread the virus, putting other people at risk, the same way you would put them at risk carelessly driving / or excessively speeding.

37 million Americans live with a chronic lung disease
70 million adults in U.S. are obese
34.2 million Americans have diabetes.

Just these 3 conditions alone equate to HALF the population of the US, and that's not counting the elderly. These are the people most at risk of death, but people with no known conditions have also died from this. 

On other thing I want to point out, an actual death rate is determined on the conclusion of an infection, ie. Recovered vs Dead, not Infected Vs Dead  Recovered vs dead in the US right now  49,000 deaths, 85,000 recoveries. that's 36% casualty rate for anyone who was able to get tested and was positive, and while there may be many more infections that are asymptomatic or never get bad enough to get tested it is still not looking good. 

With the current turbulence in the rental markets in terms of iffy payments and evictions being halted, I'm looking at employing a lease option strategy for the next while as I move from the Canadian market into the US market.  Most of the process seems the same, but there is one particular difference I have noted and I haven't figured out why this is, hoping someone on here who is doing this regularly can answer.

In the US, it seems investors find a home, purchase it, perhaps fix it, then put it up as a rent-to-own and try to find a tenant buyer that can afford it and want to buy it as well as rent it first.  In Canada, the way everyone seems to be doing this (that I know of) is find the tenant-buyer first, figure out what their purchasing power will be after the set term (usually 3 - 5 years) and then have them find a house that is for sale within their future budget and you as the investor purchase it on their behalf then rent it to them.  This way to me seems much easier as they find their ideal home that they can afford rather than having to like the house you have already. 

I realize the rules are state by state but is there some reason you can't do this the 'Canadian' way that I'm yet to stumble across?  

Thanks! 

Super nice of you to cover your contractors screw up, if the contractor had the keys and there is no sign of forced entry I would just do a back-charge for a portion or all of the cost of replacement depending on the age of the stolen appliances since 1 the doors were left unlocked or 2 his people ripped you off. 

I know of more than one worker who has stolen something as payment for work when the contractor or owner of the business stiffed them on pay.  

Hi All, New to this site, though I have listened to the podcast for awhile now. I have a couple single family rentals in SW Ontario and am looking to refi and invest in some multi-family units in the US with good cashflow this year (6 - 12 units). Would love to connect with other Canadians who have gone through the process of getting your ITIN, LLP and LLC's setup and hear where you invested, how you set up your management and maintenance teams or who you used for PM and/or any other snippets of advice. Also happy to connect with commercial multi-family agents.