All Forum Posts by: Sam Hanaa

@Paul Neagle, both  @Sam Hanaa and @Hai Loc, Port Credit is already established. You won't cashflow as well. Stick to your plan of Sudbury. 

Doesn't seem to be much of a response here from any Newfoundland locals. 

I work in St. John's and have been doing some investment myself. My entire career has been based on real estate consulting, project management, etc. High-level assessment is that we are probably at the bottom of our market right now. Most folks are expecting a rebound over the next 18 - 36 months. 

Any questions about Newfoundland I'll happily post my opinion. I don't know the markets outside of St. John's as much as I know the city, but will happily help if I can. 

So I've been dealing with a bad tenant situation since February of this year.  Filed an L1 to evict for non-payment of rent and also filed an L3 because the tenant finally agreed to vacate but then changed their mind after the province of Ontario declared an eviction moratorium in March because of the pandemic.  Now she's essentially saying she doesn't have to pay anything because we can't force her out.  Her family has also become involved with some very sketchy characters in the drug and sex trafficking trade that have made threats to the property jeopardizing the lives of anyone coming and going from the property.   

I requested an emergency hearing from the LTB last week and was rejected.  Right now we're stuck with a tenant that's not only bleeding us dry but also endangering the lives of anyone associated with the property.  Since the LTB won't help I'm not sure where to turn.  I know these are extraordinary circumstances because of the lockdown but does anyone have any advice or suggestions?  We just want them gone.  

Hi,

I am a novice investor who recently purchased a pre-construction 1 bed 1 bath condo in Hamilton, ON as an investment property that is due to finish in June 2020. I am having thoughts of possibly assigning the contract before the close date to purchase a duplex or triplex but I was curious of a few things:

1. Thoughts on the outlook of the condo market in Hamilton

2. Does anyone have any experience with the rental comps for new 1 bed 1 bath condo? (I was told I would be looking around the (1800-1900/month range by my realtor)

2. What is the process for assigning a condo? 

From speaking with a few people I am hearing that it would be better to assign the condo and purchase a duplex or triplex since I am putting a hefty chunk of money down and could get a better ROI if I were to go this route. I appreciate the help.

Thanks!