All Forum Posts by: Sarah Larbi

@Parker Stiles    Woodstock in Ontario :)

@Luc Boiron yes this is the 4th rental property in Brantford I am going to try and do another in the fall as I want to get to at least 2 buy and holds per year. The prices are getting higher now though than a couple years ago. If I find a good one to BRRR I think that will be the next move.

I would be curious to know about Woodstock...

@Chad U. I am realizing that the 1% rule may not work anymore in my region (Brantford not Oakville as that's way too expensive) unless maybe you go to thunderbay but I keep hearing in the US it's 1%or even 2% and that those numbers are fairly achievable which is amazing for them.

@Samuel Sedore thanks I heard KW was a great area I did run some numbers there ... I think it would appreciate more than Brantford may but the cashflow worked better in Brantford. What about Cambridge?

@David Leesurier that's pretty good. I am debating the BRRR as an option seems like that's what is working here

@Luc Boiron Thanks for the insight. Congrats on the flip! I am closing on one that I bought for 165k and will be renting for 1300. Not 1% but that's as high as I think I can get it in my market. Was wondering if there are better areas for this. I heard London was pretty good...

Is anyone able to get to the 1% or 2% rule in Canada? If so where? And how recently did you purchase?

Thanks Cashmere for the reply, I do need to address this soon. I may have to consult with my lawyer .

Hi BP members I am hoping to get some advice with one of my tenants. We bought our third rental property in November and tenants moved in signed a 2 year lease. The tenants had been friends for many years but never lived together before which was a red flag for us but picked them either way. Now 2 months later, February rent is late and I was on them daily to get it paid and as they were new was giving them one chance. After a bunch of excuses the truth comes out: she moved out and took the rent money he gave her to pay me. I spoke to him and I will be getting paid this week when he gets his next check. Here is where I need advice: he told me he changed the locks so she can't get in. What is my obligation with this when it comes to her? Should I allow this? What do I do with the lease agreement? If I want to remove her from it how do I legally void the original agreement with both of them on it? Then can I redo one with him on it only? Does she need to sign an addendum saying she is removed from the lease? I'd rather not have her on it and keep just him I am wondering what the best way to do this would be? Thanks for your help in advance !

Hi I went to the Toronto one and split the 300 with a friend and to be honest all it was for me was entertaining and I was picking up on their sales techniques and I am in sales so it was funny to hear it. You may pick up 1 or 2 ideas but it's a way for them to draw suckers in to paying 55k for the more expensive course which is where they make their money. Don't expect to learn much but do expect to be upsold the most expensive package. If you are bored and need something to do go for it but if you are trying to learn actual methods just spend the weekend on bigger pockets, you will get more in here in 15 hours than at Thans. Good luck