Hi Donna, I own 20 buildings in Sudbury and the average cost for gas per month in winter is $550. per building. High efficiency forced air is a bit cheaper but it can get pretty cold up here. I can imagine how this would be a surprise if you are not from this part of the country. January and...

Neil, As usual just let me know when and I would be happy to meet with you. I will always do my best to meet with any REIN members interested in the Sudbury market just send me an email message at Thanks Greg! Didn`t have a computer for 2 days so only saw your response now. I`m in Sudbury...

Neil, We have 22 tenants on Ontario Works (out of 71 units) and never had a problem. The tenant does require "intent to rent" forms signed by the landlord and they use this to indicate start up cost only. Once the process is in place it runs rather smoothly. You receive direct payment monthly...

May God bless all this holiday season and thanks Thomas for reminding us what the real meaning of Christmas is. Gregg

There is no real concern as long as you have rental properties that you intend to hold. Vacancy rates across Canada are still very low despite the economic crisis. People will always need a place to live and if mortgages are hard to come by they will have no choice but to rent. A great time to...

Hi Joe, I would be more than happy to have a personal conversation with your partner. As you know every transaction is recorded and registered so proof is not a problem. I also understand that someone may have doubts about the successes they hear about and until they experience that success...

Hi Neil, Important thing is to make her feel safe as Terri suggests. This will show the other tenants that you care about their well being (tenants do talk among each other) also do include the police, the incident number will come in handy in case of future occurrences. Gregg

Wow, What a year its been! You may recall my success story started out with a change of career after having lost my job, surviving a quadruple bypass and nearly broke to purchasing 20 buildings and improving my net worth to over a million dollars all within 18 months. What else could I have the...

As a last posting to this success story is that I was honoured to receive not only my gold pin last night at the annual REIN awards celebration but I also received a Top Ten award as well as ` Rookie of the Year` award. What an honour and what a way to cap off an unbelievable year. Thanks to all...

Congratulations!!! Only 32 and you have made such progress while working at another job. Imagine what is possible once you work at this full time. Thinking about your parent is admirable and I wish you great success in the future. I know you will have earned it. Gregg

I would be more than happy to spend some time discussing the details of my success with anyone who is interested before or after the next REIN meeting in Toronto - December 4th. I travel 4.5 hours to attend the meeting but I am usually there a good half hour before the doors open. Gregg

Thank you for all your positive comments, if I have touched someone or inspired one person to move ahead with their lives I will be very grateful. I am looking forward to receiving my pin at the next REIN workshop in Toronto December 4th. Gregg

Hi Joe, Interesting that you should say that, the seller in this case (13 buildings) is a very religious fellow who believes that God played an integral part in putting us together. Thanks for your comment.

In April 2006 I survived a quadruple bypass, loss of job and close to broke financially. Since then I have improved my net worth by over one million dollars and purchased 20 buildings with 71 rental units using only $22,000. of my own money. My story: Soon after I recovered from my surgery...

What is your timeframe. I have 70 units in Sudbury and employ two maintenance guys full time. Occasionally I have open time, not too often, when I could use the extra work to help offset the cost of these guys. How soon do you need the work done and is it right in Sudbury proper or in one of the...

Hi Neil, I have the tenants shovel their own walks and stairs and I look after the driveways and parking areas. I just bought a truck with a snowplow for that purpose. Since I look after the properties myself, with my wife, I may even (if time permits) do other driveways for a fee to help...

How were you able to appraise the park? I have no idea who does this sort of appraisal. I imagine it is different from buildings. The park I am looking at has 41 sites and like yours has updated reservoire, pumps, UV system etc. Are you able to find suitable insurance? How about the sewage...

Hi Peter, The seller is willing to take back a second with a 15% downpayment so dealing with a broker or other lender isn`t needed. I was considering a JV partner on this project (for the downpayment) but was looking for any information to help me make a decision. The sellers are older and...

I have visited the park and talked in depth with the seller while she was completing her water safety report for the ministry. There appears to be a lot of potential for additional dollars to be made in the buy and sell trailer side of things. Maitenance of the park seems minimal unless...

Hi everyone, I have been investing in multi-unit revenue buildings since April 2007 and been a REIN member for a few months. I have an opportunity to purchase a 45 unit trailer park. Does anyone have any experience in this area. I know the water needs to be tested twice weekly by a certified...