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All Forum Posts by: Samuel Sedore

Samuel Sedore has started 8 posts and replied 387 times.

Post: New southern Ontario investor

Samuel SedorePosted
  • Real Estate Agent
  • Kitchener-Waterloo-Cambridge, Ontario
  • Posts 408
  • Votes 90
Originally posted by @Peter Kuchta:

Good afternoon all, my name is Peter Kuchta and I am from Burlington Ontario. I am as fresh as they come to the real estate investing game. I am considering starting with a rent to own program as I only have 50k to invest and feel that this might be the best option for me to get started in my investing career.
Does anybody have any advice, positive/negative feedback or any sort of info for me I would really appreciate it.

Thanks,
Peter

 Hey Peter

I personally do Buy and Hold investments.

RTO is a great strategy but more short term 2-3 years. It's better know as the cash flow accelerator, good way to build some bigger cash reserves before getting into Buy and Hold. Mark Loeffler is a part of my brokerage and actually has written books on the subject, if you would like I can refer you to someone on his team and you can discuss your options further. Based out of Hamilton and Burlington so nice and close to home for you.

Post: 28 Year Old Newbie from London Ontario Canada

Samuel SedorePosted
  • Real Estate Agent
  • Kitchener-Waterloo-Cambridge, Ontario
  • Posts 408
  • Votes 90

Great Story sounds like you have learned a lot!

There is a BP meetup group in London ask @Jeff Wybo for some information I believe they meet this week.

Post: Investment options

Samuel SedorePosted
  • Real Estate Agent
  • Kitchener-Waterloo-Cambridge, Ontario
  • Posts 408
  • Votes 90

I would contact several different teams in different markets, US and Canada.

Compare your returns in the different markets, take into consideration the appreciation, cash flow and tax incentives. 

I know some U.S markets have substantial cash flow, but I do not invest there and can not comment on the tax liabilities bring that money back to Canada.

I know in my market(KWC) and Hamilton you can easily achieve 25-30% ROI with paydown, appreciation and cash flow combined.

Post: Wholesaling in Canada

Samuel SedorePosted
  • Real Estate Agent
  • Kitchener-Waterloo-Cambridge, Ontario
  • Posts 408
  • Votes 90

Possible but difficult, we have roughly 1/10th the population and a much more conservative banking industry. It wouldn't make sense to look for deals here if you don't live here.

Post: New member from Ontario looking flip in US and ON investing

Samuel SedorePosted
  • Real Estate Agent
  • Kitchener-Waterloo-Cambridge, Ontario
  • Posts 408
  • Votes 90

Hey @Sophie MacDonald

I grew up in that area, I would say in that price point your best opportunities for flips close to home would be out toward the Shelburne area, Grand Valley or Arthur. You can flip anywhere in Ontario as long as you know the price points and can properly asses repair costs. Although I would recommend to start looking in those areas as it's reasonable to buy a house there with 30k down for a flip.

If you would like a referral I know a great Realtor in the Shelburne, Orangeville area and also another in Arthur.

Post: Canadian Specific Forum group

Samuel SedorePosted
  • Real Estate Agent
  • Kitchener-Waterloo-Cambridge, Ontario
  • Posts 408
  • Votes 90

i just keyword my regions i find it works well

Post: Low credit score.

Samuel SedorePosted
  • Real Estate Agent
  • Kitchener-Waterloo-Cambridge, Ontario
  • Posts 408
  • Votes 90

Hey @Sherl Bloom

Have you considered a RTO program? This will give you ample opportunity to repair your credit while still getting ahead.

I would warn against bruised credit mortgages as they are usually not as good as advertised.

Post: London Ontario May 17

Samuel SedorePosted
  • Real Estate Agent
  • Kitchener-Waterloo-Cambridge, Ontario
  • Posts 408
  • Votes 90

i'll be there! Thanks for the shout out. @Account Closed future carpool opportunity?

Post: Hamilton tax sales

Samuel SedorePosted
  • Real Estate Agent
  • Kitchener-Waterloo-Cambridge, Ontario
  • Posts 408
  • Votes 90

Nice stuff!

Post: How to get tenants to pay utilities

Samuel SedorePosted
  • Real Estate Agent
  • Kitchener-Waterloo-Cambridge, Ontario
  • Posts 408
  • Votes 90
Originally posted by @Josh Carriere:

Does anyone have any thoughtful strategies to get tenants to pay utilities?

 Include it in a new lease when you find new tenants. Otherwise offer a lump sum for them to transfer the utilities