Mistakes or decisions taken in the past are usually only visible later, in hindsight. Sometimes it’s the market, sometimes the actual property, sometimes just the price, sometimes your specific actions like lender chosen, tenant poorly selected, upgrades poorly done or weak marketing...

Sometimes you have to eat a loss, acknowledge you made a mistake and move on without excessive self-flagellating !! Sent from my iPhone using myREINspace

Updated BC Property Tax Assessments are live at bcassessment.ca - check yours (and your neighbours, if you like) ! [emoji93]。[emoji173]。[emoji6]。[emoji256] 。[emoji320] 。[emoji322]。[emoji93] [emoji92]。＼｜／。[emoji259] [emoji322] Happy New [emoji324] [emoji483] Year 2020 [emoji482]...

Try rent to own. It has risks too if tenant doesn’t pay enough up front and then defaults on payments or can’t buy. RTO works well with well qualified tenants though. Why do you have to sell? Huge switching costs! Tens of thousands of $s. Is it worth it ? Sent from my iPhone using myREINspace

Minimizing expenses is critical. How many assets do you envision in ten years, based on how much cash invested / available? Assuming one self-owned (ie not corporate owned) house or condo you can do the accounting yourself. Start with a dedicated bank account. All revenue goes in and all...

Proactive maintenance is relevant. Better is not claiming smaller to medium-sized problems ie fixing them as they arrive and not claim an insurance claim. Lazy landlording comes at an ever higher expense and risk !!

You can’t in Ontario or BC. Leases go month to month automatically. You can’t force a new lease into an existing tenant or just terminate it. You can evict only for cause, such as non-payment of rent, property damage, nuisance to other tenants, illegal acts, violence or personal use. None of...

You try to calculate what ? Share of utilities? Taxable portion for CRA? ROI? Sent from my iPhone using myREINspace

Why would there be a collapse? Immigration has ended? Interest rates going up? Plenty of new free land for more sub-divisions? No more government fees, regulations or taxes for new housing? Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com

Start there then. What can you buy for 300-400,000 and rent for $2500 up and down? Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com

Shoot where’s there’s a worthwhile target. Many such cities and neighborhoods in cities exist. Where do you live? What cities within a 2h driving radius have decent economics, cash flow 75-80% levered (given prices and rents) and upside? Pick one city only and one neighborhood only with...

Start buying your own house first and then 2-3 rental properties with your own money or that of inner circle aka parents, sister’s, grandma’ or Uncle Harry’s. Then, and only then, invite others to invest with you. More here...

Ask tenants if they wish to buy too Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com

Investors don’t pay full retail price for a rental property with a tenant in place in almost all cases esp in rent controlled rent capped provinces. To get full price you need to sell vacant. Of course that is best done after tenant has moved, after cleaning and sensible renovations & upgrades...

RBC too has decent reports as has CMHC. http://www.rbc.com/economics/economic-reports/canadian-housing-forecast.html Sent from my iPhone using myREINspace

Indeed that is THE Achilles heel of investing in rental properties as you do a “change of use” when selling at best possible price, namely from a rental property to an owner occupied one. The best strategy is to wait for tenant to move out, or give them strong incentives (say $12,000) to move...

Yes it does usually but it depends on city and province. Where is this? Sent from my iPhone using myREINspace

Are you looking for visa and immigration advice? Or are you looking to do it as a Canadian living in Canada with occasional trips to & multi-week stays in the US? Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com

All securities commission in Canada have extensive information on them esp in Ontario. Your question is a tad broad. If you invest offshore there is no protection in Canada - only in the country where investment is. Wild West in many countries. If you take money in from abroad Canadian...

Take the free gift. Too few units to get more, Tris !! Sent from my iPhone using myREINspace