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Recent content by nubiwan

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    Discount Real Estate Brokers - Good or Bad?

    Even once listed on the MLS, as with ComFree, there are limitations to selling privately IMHO. Personal time being high among them. Signage, advertising, market acceptance, exposure are some others, that cost money. Paying an agent fee of $20K to sell a $350K property just not justified some...
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    Syrian Refugees, 2 years later

    My experience with offering to provide a rental properties to Syrian refugees (at the time) went without a response from the agency I contacted. Nothing! Not even an acknowledgement. I guess they found lots of homes for them all. ;)
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    Discount Real Estate Brokers - Good or Bad?

    I am contemplating selling a home or two. It is not something that I do often, therefore my question regarding the process of selecting a listing agent. There are a few discount brokers (like 3% Realty, Property Guys) who offer to save the seller a few percent on successful sale of their home...
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    Remitting GST on a new build -

    My understanding is that a new building is subject to HST to the buyer. So the $450 would be subject to whatever taxes levied in your province, or it might be built in. The builder remits for a GST rebate against any materials and labour they paid taxes on during construction. Belive they are...
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    JV Partner Question

    Thomas - I will put something together for you. Please give me a day or two. Can I PM you through this forum?
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    JV Partner Question

    Thanks Thomas - So if my overall profit at close is $250K then split 50/50? $125K a piece. Thomas, can you comment on how attractive this might be to an investor to have that sort of money tied down for 12 months? Are there otherr options for private lending, from my point of view? How might a...
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    JV Partner Question

    So here is a deal I am looking at: Property includes 2 land lots with an existing 5400 square foot building on one lot that I plan to transform into 3 town homes. My expertise is renovation, project management and RE sales and or leasing. Current asking Price $300K Renovation Investment $300K...
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    Will you buy a property only cash flow but no appreciation potential?

    I see the term suite used a lot on here. What's the deference between a suite and an apartment. If I have a residential property, with 2 meters, registered with the town, then I call it a 2 apartment home, where I come from. If I called it a suite, then people might expect a couch and a bed...
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    Cash is King - Cashflow is Queen - But when - That's my question

    Just reposted my $1200 units at $1100 and an apartment I had at 975 down to 900, and within 6 hours I have 5 viewings booked tomorrow. That's more like it. I like the idea of lowering headline rent with fewer amenities. Thinking my washer and dryer can be used as an optional feature...
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    Marketing Ideas - Anyone using Facebook to advertise rentals

    ebay reference was to something like buy and sell, not something I would advertise rentals on.
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    Cash is King - Cashflow is Queen - But when - That's my question

    Thanks - very good answers. Just what I was interested in.
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    Marketing Ideas - Anyone using Facebook to advertise rentals

    Just wondering has anyone ever seen ads for rentals or indeed used Facebook to promote houses for rent/ sale? I know they have targeted advertising for business, and specific posts on your pages, but I was wondering if anyone had actually used Facebook with any degree of success. I am thinking...
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    Cash is King - Cashflow is Queen - But when - That's my question

    Owning several rental properties I have had reasonable turnover in my rentals over the past 10 years. In that time, I have literally been able to turn properties over to new renters within a week, even days of receiving notice from the previous tenant. Simply placed an ad on Kijiji and wait...
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    Rent to Own complications

    I personally have had a lot of tenants back out of rent to own deals simply because the nature of their employment (oil sector) has them transient, and they simply back out of the option because they needed to move. They all make great money, but have poor credit, and no savings. My option...
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    Rent to Own complications

    @ sweetzone - I charge a 4-5 % appreciation per year. I do this to calculate the rent credit portion added to the monthly rent. It occurs to me that when the tenant buyer goes for financing, they will need to have the house appraised. If that valuation falls below my estimate, then I might...
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