One tip that most people have no idea about is that there are two foreclosure processes: tax and mortgage. The two are done by different entities (local gov't vs banks) and may or may not follow the same processes and outcomes. There is no website I've seen that is what you're looking for and...

Answers: - we just closed on them, avg price was 174K for three 6 yr old semi detached 3 bed 3 bath in a row in a newer subdivision (they come from an overleveraged investor who went bankrupt) - monthly rent payment is 1200 and purchase credit of 200-300/month for a total of 1400-1500 on top...

My wife is handling three RTO houses as her first foray into RE investing. She seems to have already lined up two sets of tenant buyers. One of these are a couple with two kids, but both adults smoke. Prolonged smoking in a house is extremely costly to repair in paint and odor/stain blocker...

It boils down to diligent screening for very specific tenant profiles and being very detailed in assessing a market. 1 - I keep very close tabs on the markets for the products the main employers provide or make. In this case, the markets appear stable and the plants are actually expanding...

Ok. Since I raised it here goes: Market overview: I target a small town maritime environment with a large employer that has been there 10 + years and which has a good funding/business future (military bases/large factories). Typically these places are completely off the radar screen of anyone...

Whoops! Correction.

After a few years on this great forum, I don't understand why I just don't see people post numbers that relate to the financial performance of specific deals. We are here to create wealth. No other reason. So why is it that success in creating wealth is not celebrated? Why don't people...

Some great answers from the heavy hitters. My thinking is: I am buying these to get my wife into RE investing (it seems to have worked too!) With RTO the SFH can meet my 10 % cash on cash goal With an RTO strategy her mgmt issues are hopefully only two things: 1) buying 2) holding until...

We just learned about a bank foreclosed semi-detached 6 yr old property right beside two other foreclosures we bought to try the RTO strategy with (exact same houses built by the same builder who went bankrupt). These are in a rapidly growing but very overlooked part of the Halifax sub-market...

Just as an observation if staging a unit added 25 $/month to rent, then X18 = 450 $/month more NOI or 5400/yr. 5400/.065 cap rate = 83 000 $!!!! For 1000 $ this almost seems a no-brainer even if staging only had a fraction of the impact outlined above.

My partner and I are deciding whether to purchase enough decent furniture to stage the rental units we have in an 18 unit deal that we are renovating right now. These units are contained in a triplex/6 townhouses/6 plex/duplex/single family home that are each being renovated over the next 5...

I've been sent a pocket listing for a 38 unit building that on Streetview looks in excellent condition, probably about 5 yrs old. The million dollar question is how much does cap rate change according to age of construction and therefore lower maintenance costs? There must be some value to...

Hi, we've started construction on a 20 unit high visibility repositioning project that is ocean front on one side and a busy main road on the other. It will be several months before we start putting units on the rental market. Our pre-leasing marketing plan largely consists of a BIG sign on...

Hi all, for executive rentals, are one bed layouts much more important than two bed layouts? We are designing a layout for two 540 sq ft apts and want to consider all strategies to maximise returns, one being executive rentals. The units are ocean front and there are high density employment...

This is a great post, I've been thinking about rental pooled condos as an exit strategy for multi family complexes. Thomas, have you tried this is an exit? The specific project I was thinking about doing this with is a 20 unit townhouse complex. I've seen League in Victoria selling units in a...

Hi Every body I got a recent emailed blog post from PP Turgeon on a 15 unit deal he has under contract. his whole site is invaluable really and everyone who is a multi fam investor should follow it and download the free stuff and maybe do a course if you're learning, the value is peanuts...

I should mention that his blog post later states that it was a failed condo conversion plan; that the buyer had 2 appraisals supporting a 2.7 mill valuation; and that the lender was a private money lender (oops!). Many many morals in this story - the biggest one IMHO being don't put a lot of...