Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

Recent content by DanW

  1. D

    Ontario Predictions?

    I think the tax could cause prices to increase where I invest which is London Ontario. We will see and if I see our prices getting too expensive I will start taking profits. I think I would be fine to hold my properties because in the 90's the real estate downturn was muted in London compared...
  2. D

    London Ontario

    I am not sure of the exact location of these, but I imagine they are in the Sarnia road area. Are they 5 minutes to campus or are they closer to hyde park road? The maximum rent you will get out of these is 2,100 a month to students inclusive. So once you pay a manager you will be negative...
  3. D

    London Ontario

    Students are great, but landlords get chewed up by students if you are not on top of your business or do not have the temperament. I get the best students and I am very nice to them. I let the other guys deal with the bad ones. Yes, the cash flow is good, but again if you are not on top of...
  4. D

    London Ontario

    All of my properties are in London, Ontario. I have student houses at Fanshawe College. In London the cash flow is better than those cities listed above. However, I would say all things considered Hamilton would probably be best out of those choices as far as appreciation is concerned. I am...
  5. D

    Toronto Is Booming!

    Bubble or no bubble I am watching things very closely. I am in London and we are seeing the Toronto investors coming in and they are pushing up prices. Right now I am sitting by and watching as things progress. In the late 80's the largest increase was around 35 percent. It was followed by a...
  6. D

    What are joint ventures?

    I bought the home study course. It was very good. I have only done 3 deals and it has made large returns.
  7. D

    top 10 investment cities

    The London market is being boosted by Toronto investors. Also, retirees from Toronto are moving here. The north end is really being built up. Very large houses are selling as Toronto buyers have no problem building a 500-800k house. London is so much cheaper than Kitchener or Hamilton...
  8. D

    London ,on property .Sell or hold

    I have properties in London and the price increases I have seen in the last 5 years are good. About 30% However, I only hold properties with high cash flow. What area do you have these properties? If you are going to sell I suggest doing so now as there is very low inventory and 70% of...
  9. D

    Tenant Issues

    That is a great idea and answer to tenants Lisa. The same goes for central air on the second floor in the summer. There is not much you can do short of making multiple zones in your HVAC and costing a lot of money.
  10. D

    Accounting Software - QB Online - Xero - Freshbooks - Slickpie

    I have quick books desktop. I don't worry about not accessing it online so it is fine for me. Don't buy the cheap quick books as you can't set up classes. It is a pain to learn the program, but I just watched youtube videos to learn. It's great as when tax time comes I take 5 minutes to...
  11. D

    Renting to students

    I do student houses in London at Fanshawe College. The thing with student houses is you have to love it. My suggestion is to buy one and see how you like it. They make more cash flow than any other type of real estate that I am aware of. They are also more time intensive. I like doing it...
  12. D

    How much is too much?

    Well, I just have 20%, but I can't say what you should have. If prices go down for me it won't be nice, but it won't hurt me since the cash flow is good.
  13. D

    How much is too much?

    Equity in the property or cash? I don't keep much aside. I invest cash into buying more properties as well as updates to my current units. People thought I was nuts until they saw the results. My security is monthly cash flow. I am not in a super heated market and I buy at depressed prices...
  14. D

    Choosing a Flooring Type

    I know you already got your answer, but I will add this. I use the allure and the traffic master brand sold at Home Depot. Both click and the overlapping stick variety. My contractor prefers the click for easy install as well it doesn't create gaps like the other. I use this for all new...
  15. D

    Single parent with saving of $60k, what will be my next step

    Yes, you are correct Thomas. You are right I don't refer to real estate as working although it is work. I guess it is because my day job was not appealing to me at all. I enjoy real estate and if I do things correctly I will able to do this for a long time to come and living off of dividends...
Top Bottom