All Forum Posts by: Tudor Pop

@Jagdeep Singh I’m not going to say I’m a market expert but you ask where can a person work?

IT, Nursing, Engineering and other jobs are not bad and if you don’t by chance find one in Windsor there are many that work in Detroit and commute daily. This is usually shorter/faster than a GTA commute. 
The “auto sector failure” is old news like years and years ago. There is only one Chrysler plant and I believe only one Ford plant left. Could they close in the future sure (as could any manufacturer in Canada)but the biggest losses are in the past. The new International bridge is also creating jobs. The new “mega hospital” will too. You can also work in Finance. 

Regardless of where you work, if the average house is say 1/3rd of the price of one in the GTA you can have a better standard of living with much less money. Surely you don’t think the average nurse or construction worker or engineer or programmer earns 3 times as much in Toronto Compared to Windsor.

The last few years have seen a lot of development including new commercial plazas with many new businesses and new residential construction. 

Not all houses are cheap. There’s plenty of new houses for 800-1,000,000. 

As for your claim about immigrants I can tell you 100% it’s wrong. The majority are not even close to refugees on assistance. The refugees make a very very small portion.  There are a lot of Chinese and Indian immigrants lately.

Don’t do research online. Do it in person. That’s all from me on this topic. 

@Jagdeep Singh

Jagdeep glass is usually half full. Depends on you what you do with that. Your post is quite poorly written and honestly not worth responding point by point. Be real, be honest. Glass is half full. Everyone is biased and everyone “sells” what they have. Your post seems more biased than open minded as if your mind is already set. You are obviously not investing in Windsor and your assumptions are wrong. Your IKEA example is terrible - in case you didn’t know this was a mini store and not a huge job creator either. 
Windsor is one of if not The best bang for your buck R.E. location. If you think crime is bad in Windsor or the proximity to Detroit/USA is a negative I find that funny. 
Scott didn’t start selling in Windsor yesterday and even though properties have more than doubled the last few years it is still quite affordable. 
Glass is half full. What you gonna do with that? You want to find opportunities or excuses?

(I am not a realtor and do not sell property)

Thank you for the feedback. 

What would you say is a realistic expectation for a 50K property in a C neighborhood in terms of net cash flow if one were to use cash for purchase? In the greater Cleveland Area. 

I'm in Cleveland for a few days, wouldn't mind meeting up with a few people. I'm visiting from Canada. Would like to talk to a good realtor(ideally someone that's also an investor themselves), a good property manager, good contractor.  I'm interested in:

1. Acquiring some properties in the 50K range with best cashflow ideally looking for 500+/month net (after all expenses including maintenance, taxes, financing).  I've seen some properties with rent around $1000 in that price range online so seems doable.  I would appreciate any advice.

2. Flips.  Off market vs mls.  There are many wholesalers with deals that have promising ARVs however need some local expert advice to see if these ARVs are realistic and some pricing on doing the work.

As mentioned I'm in town for a few days, send me a message and I can give you a call.  Thank you in advance.

I got some answers by doing more research. I’ve bid on a couple houses but they were both redeemed by owner the day of the sale. It’s hard to get a deal on a quality or semi decent house that is a) not redeemed by owner last minute or b) not highly overbid to regular market price by other investors

Hi Everyone,
I'm exploring this option and wondering if anyone here has gone though it in Ontario.  I know you must have a 20% deposit with your tender, however you do not usually get vacant possession.  How long and how expensive is the process to get the vacant possession? What are some things that can go astray when purchasing Property Tax Sales?

Has anyone completed a property tax sale in Ontario? This is where the city tenders the house of the home owner who has not paid taxes and sells it to recoup unpaid taxes.
question 1) what happens to the mortgage that's still on the property (if there is one) 2) what happens with the lien on the property 3) how did/can you get possession what's the best way?
by the way if anyone knows how to or can help me move this in the Ontario forum please let me know I can't figure it out