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Recent content by jseib

  1. J

    How important is 20% down?

    Depending on the location it can be difficult to generate cash flow with less then 20% down. As well in the long term the mortgage insurance cost will eat into your profits. If possible you would be better off buying something that is a bit worn but just needs cosmetic changes like removing...
  2. J

    Has Anyone Done This in Ontario Yet?

    This deal came about from my angry Sam YouTube video.
  3. J

    Has Anyone Done This in Ontario Yet?

    Just did another Agreement for Sale deal, had accepted offer at $150k on Friday Afternoon. Sold for $168,633 that Saturday afternoon on a 2 year deal with $525 in monthly cash flow. Not bad for a basic starter home on the mountain in Hamilton and lead generated by a video that cost me just a...
  4. J

    Has Anyone Done This in Ontario Yet?

    Micheal Hinchey got us started, he's always been a big fan of AFS.. I always suspected REIN found him for the Ron LeGrand presentation via my post on the quick turn forum last year.
  5. J

    Has Anyone Done This in Ontario Yet?

    We have a townhouse in Stoney Creek, Ontario that we sold via Agreement for Sale.
  6. J

    Agreement for Sale and Capital Gains Question

    If you sell a property via Agreement for Sale with a long closing date (say 5 or even 10 years) when do you pay start paying capital gains and how long, if at all, can the total payment on the full purchase price be deferred? Thanks in advance..
  7. J

    How to Network Properly

    Another alternate view point would be that having a cartoon like that (I haven`t personally seen it) could offend a tenant who decided to google their landlords name and stumbled on their blog. Very rare likelihood but in this digital age, something to consider for those of us with blogs etc..
  8. J

    Milton=Positive Cash Flow

    I love Milton.. I live there and have done very well for ourselves appreciation wise since moving here. It`s certainly better then Oakville from a numbers perspective but I would never hang a sign out advertising Milton as a destination for positive cash flow investing..
  9. J

    Ontario`s Feed–In Tariff - a Solar Investment?

    I looked at doing this for my house. The problems that kept me from pulling the trigger are: A) Solar panels typically are expected to last 25 years and degrade in efficiency by at least 1% per year. So how does a future home buyer valuate them at. Would they rather have $150-300/month in...
  10. J

    Looking for a RTO company to JV

    Why would you need to JV with a RTO company in that scenario? RTO companies more often then not sell the deals out to underwriters/investors, only the small or extremely well funded ones keep the deals in-house. The trick is most RTO companies are usually run by a realtor or have a partner...
  11. J

    Ontario utilities legislation

    I think landlords mostly get into trouble when a unit sites empty and they get the mentality that they will take anyone just so they can collect some rent. Usually the next guy to show up with a cheque is the worst possible choice..
  12. J

    Tenant asking for reduction in rent

    If the tenant pays on time and doesn`t cause trouble then I would consider it. However make sure you look at both sides of the numbers, if you say no to the discount and they move out then odds are your rent will go lower anyways and you will have to eat some vacancy losses. But at the same...
  13. J

    RTO on a TLC?

    If the repairs are mostly cosmetic then the question I have to ask is why not do the repairs yourself? Frankly tenants rarely do things the way I would want them to be done and if you credit them for doing professional work and end up receiving sub par quality then it`s a problem. I wouldn`t...
  14. J

    Stucked with a New condo, What should I do

    Reading how many people here think its perfectly fine to stick someone else with their losses honestly makes me sick.. As landlords how often do tenants leave us with a mess or unpaid rent etc.. We don`t like it then, why is it even remotely acceptable to pass large losses off to someone else...
  15. J

    Quick Turn Real Estate School

    LOL well you are an obvious trouble maker.. Bursting all our bubbles with well thought out logical answers.. Gets annoying sometimes
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