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16 January 2025 | 12 replies
Doing a 100+ unit deal is totally doable as your first transaction.
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26 January 2025 | 54 replies
but I had a few thousand transactions in my experience bucket and I did it for one client only..
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13 January 2025 | 10 replies
Since you mentioned REI Hub, I worked with REI Hub in the past and they had the same connection issues but their CEO is usually good about making quick updates to create a better user experience.That being said, there is no perfect solution out there regarding bank feed connections so I'd go with one you know and ensure the accounts are linked on a weekly basis to be confident every transaction is flowing through without interruptions.
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22 January 2025 | 5 replies
.- Cities like Toronto will levy another tax (Vacant Home tax) equivalent to 1% of the current assessed value of the property if the property is not occupied (rented, owner-occupied, family occupied, all count as occupied)- Land Transfer Tax: while the Province of Ontario charges anywhere between 0.5 - 2% of Land Transfer Tax when your transaction closes, you should expect to pay this amount twice if the property is in the City of Toronto .
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16 January 2025 | 3 replies
Focus on learning how they generate leads, negotiate deals, and close transactions.
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23 January 2025 | 39 replies
As you probably read through the comments on this thread, there are many moving pieces, costs, and folks involved in this transaction.
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20 January 2025 | 31 replies
. $275K acquisition and you believe a 40 year amortized loan is necessary to make the numbers work, this transaction may have bigger problems.
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9 January 2025 | 10 replies
If you sell the property, a lot of the $107K cost will be eaten up in transaction cost.
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14 January 2025 | 4 replies
Be wary of the facebook groups as most folks will have a "pitch" or just see the possibility of a transaction.
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2 January 2025 | 4 replies
Partnering with an experienced motel operator is a smart idea—it can help bridge the operational knowledge gap and mitigate risks.When evaluating motels, focus on metrics like occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR).