Single family homes in downtown Hamilton are difficult. Consider your tenant profile. I agree with Erwin. I'm bullish on downtown too, but perhaps consider a duplex. Fill both apartments with graduate students and you've got yourself a winning formula. I do all kinds of property management...

cash flow for student rentals is definitely better, but the heart ache is greater as well. Students, at least here in Hamilton, are tough to manage, the neighbours too can be difficult. As others have mentioned, you also have to be very aware of the timing to ensure that you are not left empty...

Sorry, I'm in Hamilton Mary

Can you give us a little more information. What city are your properties. Are you looking for someone to handle multiple properties or one single family home? Cheers Mary

Hey Manoj, are you still running the Hamilton Mastermind meetings? When is the next one? Cheers Mary

Hi Peter, I am a real estate investor and property manager in Hamilton (Canada's number one city to invest in). I run a one on one mentor program for new investors. I have helped many REIN and nonREIN members through that first scary purchase and beyond. Lots of my clients have gone on to hire...

Hi Jamie. You're right to consider Hamilton. As you probably know, it is the number one city to invest in Canada. I agree with Erwin, the the condo market is not the best place to invest for many reasons. Also it is a bit scary to invest in a city that's so far away, but lots of people do...

Hi there, Your friends sound like great tenants. They will likely have a problem finding a three bedroom house for rent at a reasonable rate right in Westdale. Most homes in the immediate neighbourhood of McMaster are designed as student rentals. They are usually bigger and more expensive...

QUOTE (andrewi @ Feb 19 2010, 08:36 AM) Hi all, I`ve just started to read this forum regularly and the stuff here is great. I am now starting to invest and was originally looking at 3-plexs in KWC but then I came across 5-12plex in Hamilton that are 30% higher in cost. I remember reading some...

We have two duplexes (last one purchased in September 08) and one triplex in Hamilton and have not had issues with any of them. None of them has separate meters (I don`t like paying for utilities, but I build it into the cost of the rent). Also, I found a Utilties Agreement form on here that I...

I know! I feel left out.......... QUOTE (BrianJamieson @ Jun 9 2009, 02:17 PM) She has contacted me as well. I would have been disappointed if she was this busy and didn`t! Brian

Hi Ed, can you post the person`s name here??? or do you think she`s not using her real name. I`ve currently got 3 places available and can`t believe that I haven`t heard from her??? thanks Mary

That`s sobering............. maybe with the clout that REIN has as a group, there is something we can do......... QUOTE (invst4profit @ Apr 8 2009, 12:27 PM) Unfortunately this happens all to often to landlords in Ontario. http://newsdurhamregion.com/news/clarington/article/123419

Hi there, I`m sure you`ll get a lot of different advice on this one. I think it sounds like a trust factor and I think you`re asking for trouble. I also think if something sounds too good to be true, it usually is. We have done a total of 8 joint venture agreements and sure I`ve tweaked the...

Hi Matt, I know a young person that did this for her undergrad in Hamilton. I can see if she would be willing to have a chat with you (I don`t know her that well, she is a friend of one of my tenants). I was quite impressed with her when I met her and she struck me as the type to lend a...

I agree, it is a great magazine -- we were featured in the February issue. Although there were quite a few errors in the portfolio spreadsheet, I still found it to be a terrific article and one that I was happy to share with our investors (once I corrected the errors). Our investors were quite...

QUOTE (samcansam @ Aug 20 2008, 10:25 PM) Rent the garage as a self-storage and set all you conditions loud and clear. Use a self-storage contract for your region. I rent out a garage in one of my houses. The tenants have NO access to the garage and the garage tenant has NO access to the...

You can still make the numbers work in Hamilton! I have ten properties in Hamilton; eight of them are cash flow positive, one has a second mortgage which we will be getting rid of this week and will then be cash flow positve and we get possession of the tenth one on September 4. Cheers Mary

Hi, I agree with Greg (mostly). I think a lot of REIN members are short changing the "north end". There are a lot of great little streets down near the bay (off York Boulevard and near Dundurn). I currently own 10 rental properties in Hamilton. I grew up in Hamilton and I can tell you, it...

Hi Todor, I agree, I haven`t been seeing as many responses lately either...... Here are three additional websites that I use that I see you don`t have listed (and they`re free) sellitbuyit.ca hoobly.com tradepoint.ca Having said that, I get most of my responses from kijiji Cheers Mary