Toronto is way out of control .....Think about it wages are not changing, yet the home prices are skyrocketing....any single family home in TO is 1 million min.... unless everyone in Toronto is a millionaire these days and making $250k plus its just a big credit bubble....I sold my house at Bayview and Steeles for $1.2 million and it was average at best....The house in my eyes should have been worth $400KI currently reside in a exec townhouse in Richmond Hill which I bought for $300k and is now $900K its nuts ...predicting the correction impossible....play safe in these crazy times...my guess is 30% over valued.....FYI in 2008 i bought a $400K Condo in Las Vegas for $125k so the corrections can be severe.....people in Toronto think it will never happen.....lets seeJust my 2 cents...:)

I also had my Realtor/ PM supply a letter to the bank with the predicted ARV of the property and the income the property would produce.

I could save a bunch of dough if I don't have to pay another agent.. or my other new builds... so we will see how this pans out my prediction it won't go to far.. you will have buyers still wanting their own representation no matter how this is set up as you need to sign on the info sheet that you understand you will only work with the listing broker.. but when buyers come in with another broker what are you going to do..We get that all the time they come to our subdivisions say they have no agent then show up with one when they actually want to write the offer.Thoughts anyone .. especially those that are not agents and not real familiar with how the industry actually works.. like to hear some feedback from you folks

I'd get it for as low as you can especially because predicting the market 5-10 years out is unreliable at best in my opinion.

Hi Cecilia,Everything about this took longer than I expected, probably predictable.  

To me, it just proves nobody can predict the future..

Of course, we always strive for- at minimum - capital preservation, but any substantial appreciation cannot be reliabily predicted in any neighborhood, so it helps to focus on the factors you can get a clear handle on up front.Regarding areas with solid B potential -  Pinson/Trussville are a little more rural but people in AL tend to like being outside the city, so you'll still have plenty of renters.

In general the site is filled with pretty independent folks that dislike others controlling their capital formation process and thus my prediction is that technology will largely allow active operator/sponsors to bypass the intermediaries in time.  

With a lower LTV then a bank might do interest only 7 years from now if the asset has appreciated and the loan paid down to 50% ltv.With investing everything is fluid and you can model out certain situations so that you can move with the market but nobody can predict 100% accuracy on what will happen years from now.  

Some people a lot more knowledgable than me have predicted a shakeout coming in the crowd funding world in which a % of the platforms won't survive and/or will merge with others.