Recent content by Colin Forrest

  1. Colin Forrest

    Seeking advice on foreign real estate rentals

    From someone that has owned property in Thailand (because we lived there), I’ll add a couple more things to consider. There’s been so much good advice that if you’re not scared off by now then you might be after I’m done with you.[emoji6] when you invest in a country outside of Canada you are...
  2. Colin Forrest

    Real Estate Mutual Fund Trust

    Hi all, If anyone is interested in alternative real estate investments here is a Chilliwack company you may want to consider. https://www.westbowcapital.com This is not a solicitation - simply a referral.
  3. Colin Forrest

    FOREIGN BUYER WITH CANADIAN WIFE. TOTALLY CONFUSED

    Sorry but I'm a bit confused with your intention to move back to Canada. You first stated that you are moving back to Canada but then implied that you are "thinking of not moving" back to Canada because of the speculation tax. I know from experience that repatriating back to one's home country...
  4. Colin Forrest

    young beginner real estate investor looking for advise

    Dylan, the fact that you are: (a) thinking about real estate as an investment vehicle and (b) have joined REIN not only puts you light years ahead of your peers but suggests that you have an entrepreneurial spirit. There is a ton of good advise listed above so I won't add anything else...
  5. Colin Forrest

    Toronto Is Booming!

    I'd say Wilboy was spot on, except for the part about the C$. Sent from my iPad using myREINspace
  6. Colin Forrest

    Working with a Builder

    Thank you Thomas for your feedback. My wife (the smart one) doesn't feel that we need to take on any unnecessary risk right now. Since we own the land outright she correctly reminds me that we need to be patient.
  7. Colin Forrest

    Working with a Builder

    I originally purchased vacant land in the East End of Barrie which was legally severed into two 5000 ft2 lots. I sold one part to a builder who now wants to purchase the other lot which I own. They have the construction financing arranged to begin building on their lot, but will need to get...
  8. Colin Forrest

    Presale condo

    Hi Daniel, I hope this helps. I purchased a one bedroom condo on assignment and then found a buyer for it prior to the building registering (still waiting). After he building registers with the city the closing is usually within 30 days. In order for the buyer to avoid paying HST, the unit...
  9. Colin Forrest

    Sell property with tenant or vacant?

    Alvaro, for what it's worth, that's how I interpreted your comment- from the perspective of a buyer.
  10. Colin Forrest

    VTB Mortgage

    Hi All, Just an hour ago, I reached an agreement on price for a lot that I am selling. I am willing to offer a VTB for the lot. My question is this, under the proposed agreement this would be a second mortgage (I'm assuming I have a second position) if he fails. Is this normal? Any advise...
  11. Colin Forrest

    Grade 'A' tenant in need of 2 bedroom in South Surrey

    Hi all; My close friend is in need of a 1 or preferably 2 bedroom condo/townhouse to rent in South Surrey (or nearby). He is a 'A' class tenant that is currently going through a separation. He is a special ops police officer with excellent income and credit, however his budget is a bit limited...
  12. Colin Forrest

    Looking for 1-2 Bedroom to rent in South Surrey

    Hi all, My close friend is in need of a 1 or preferably 2 bedroom condo/townhouse to rent in South Surrey (or nearby). He is a 'A' class tenant that is currently going through a separation. He is a special ops police officer with excellent income and credit, however his budget is a bit limited...
  13. Colin Forrest

    First time investment for an eager but confused Millenial

    I don't think you want your first investment to be anywhere other than where you live. Option 1 or 2 seem best and perhaps ask your parents for a loan which could further support your down payment. If you think there is any chance you may move in a few years or less then don't bother. You...
  14. Colin Forrest

    Bad Barrie Manager

    Hi Donna. I'm sorry to hear about your experience with A.G. Secure. I invest in Barrie as well and I've been told that they do not have a stellar reputation. If you would like, I can put you in touch with my niece/Realtor and property manager, Katherine Moore who manages my properties. In...
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