All Forum Posts by: Samuel Sedore

Easy answer is there's not much you can do, with all the regulations in these provinces it's not really a free  market for rentals. Generally in a strong or popular market like Toronto/ Montreal etc your rent won't eat the cost through regular increased for many years, a lot of the investors make there money on price appreciation(speculation to but it simply). Achieving 1k per 100k purchase price is not really attainable in most of Ontario unless you focus on rougher area, which have their own problems. Timmins offers excellent cash flow potential for example. .5k per 100k in most parts of Ontario would be acceptable to an investor. 

House hacking is your best best,when you consider the rental rate you're already paying

@Pascal Lapointe Kijiji is honestly your best bet in Ontario, specifically if the market is not way over heated. Find the stubborn sellers who won't list, generally they aren't educated and you can swing a better deal. VTB or super long closings to let appreciation add value etc

@Agustin Loreto In The Waterloo region that saturation is mainly in the student rental market.

With regards to regular rentals the bigger issue we have here is getting tenants out to increase rent, our market been moving so quickly market rent has increased around 10% a year in most cases and prices over 30%. The price appreciation combined with these longer term tenants is why nothing will appear to provide good cash flow at face value.

It's fair to say that you would not be able to track down very many deals around here unless you know where and how to look though, the limited amount of inventory means they don't last to long and any good deals I notice last a week at most on MLS.

Hey Community!

Long time since I have been on so sorry I haven't been contributing more. I have an interesting tool for converting real estate deals into analysis similar to what you would present for stocks or mutual funds. Looking for some feedback and suggestions of changes that could be made please.

If anyone wants me to put together an example of property beyond what the trial offers they just have let me know! Send a personal message or respond below and we can take it from there.

Check out the website here 

If anyone is interested in checking out KWC, #cashflow2go group will be doing an investment property limo tour on the 25th of March. We should a good mix of MLS and exclusive deals for people to check out, as well as some private deals among group members.

Message me for some more details if you're interested.

Not an expert but I believe a 1-2 joint venture ownership structure will be much different then a syndicated mortgage and the syndicated mortgage will be subject to more scrutiny. Better off sticking with JV structure unless you plan on selling the syndicated mortgage later as an investment in smaller parcels.

@Megan Tapia What does around Toronto mean to you? Within 30-minutes drive 1 hour drive, and also which area of Toronto?

Oshawa and Whitby and still providing some opportunities but they are becoming more and more limited, Also Hamilton and KWC are strong markets but they may be to far for you.

Would you like a referral to a Realtor in one of the areas they will be able to give you some examples. 

@Lester Carbonell Try reading some of Don Campbels books they are good for beginners with lots of real substance, some people also Like Kyosaki but I find his books lack real strategy or substance.

@Quang NguyenIf you want some info on the KWC market I would be happy to provide you with some! There are some Canadian on here that can give you some advice on US investing, I personally stay away from it.

Also @Matt Geerts, the housing market is actually pretty crazy this year province wide even an hour from GTA, I know here in KWC, Burlington and Hamilton even though we are a fair distance, we have broken near every record this year in terms of volume, price, DOM etc. Also up a little over 10% appreciation.

If this keeps up I bet you will start feeling out in London/ ST Thomas, I know Woodstock and Brantford and heating up because of it

I was showing a SFH for rent the other day, Not quite as colourful as the characters @Stephen E. had.

But I had 3 interesting ones, one applicant said they have a few pets I mentioned its okay we will still consider it,after showing the unit some casual questions a few pets turned into a travelling pet expo show! A few pets meant 6 Snakes, 4 Rabbits, 2 Cats,a handful of lizards!

The other 2 were people who show up for a house rented for 1,500/m plus all utlities, first question, can we get utilities included? Me: No, Okay well do you think you could reduce the rent? We can only really afford 1,300/m? ..... All I can think is really? 

@Stephen E. Are you referring to OPP officer from my area? There was also a story in the paper here about a local realtor doing the same thing here.

I do not know american laws well enough to comment on those situations mentioned above, but If you are in Ontario this is not a good option unless owner occupied. When owner occupied the laws apply differently.

If you do not have a legal and properly zoned rooming house you are open to huge fines, potential litigation and little recourse on your tenants.

Also on a another note, it would depend on area but most rooming houses attract a much lower quality of tenant and you're much more likely to deal with headaches. Mind you they have much better cash flow.