RTO serves a very nebulous and difficult to define sector of the buying population. If there are say 100 home buyers actively looking for every 1000 adults (just a guess, must be lower), out of those 100 home buyers, how many might work for RTO? 1? 2? Anybody have any thoughts or wisdom or...

What do you find to be the key variables in RTO tenant finding? In this case its a property first strategy, ideally looking for credit challenged folks with 3-5K in deposit and a good job. Since its separate contracts, I'd basically be fixing it up, putting in RTO tenants at higher rents...

Interesting. So effectively even freehold town houses exist under some kind of communal agreement that collects fees, and as you say, regulates and enforces common rules. Any idea how restrictive these covenants are typically? I remember a townhouse community in an Ontario lake town that was...

The 20 unit condo conversion project I posted about happens to already be condos. One thing a guy suggested today was converting them all from condo status to freehold townhouse status for individual sale. There are a number of buildings in this complex. The idea seems worth investigating...

I'm negotiating on an off-market separately titled townhouse complex operated as rentals with some vacancy issues. The seller has offered 100 % VTB for 1 year (interest free if I pay him out in 11 months or less) to allow me to use the down payment for capital upgrades in a mis-managed complex...

I second the comments, I find it really useful to be able to log into a website I use for another RE investing program and listen to whatever material I need at the time. I also find my CD's scratch very easily and aren't actually usable after a month or two in the car.

As well as REIN I participate in an expensive US multi family program that hooks you up with coaches of Thomas' calibre - what a great gift he makes to this community every day for free. Its been really interesting watching some of the aspects of the US program, which I've spent about 14K on...

Thanks If setting up an LP costs say 50K, not counting ongoing marketing or commissions costs etc, how much does it cost to wind one up?

To add to the commments above, if you've been operating an asset profitably with good maintenance, tenant selection and attention to overall curb appeal and building aesthetics, those should be pretty attractive assets commanding a strong price that are - crucial point - properly managed and...

If one forms an LP, essentially the general partner is pooling money raised from investors to buy RE to hold for probably 5-7 years before selling for a profit. What happens when it is time to wind up the LP? What triggers the wind-up, how much can it be delayed, how is the sale of 20-50 assets...

Good for you. Great to have the momentum!

Thanks Brent and Adam. Thomas - any thing to add at all? On the PP website there's one property that you mention in the property description as teaching you to not buy the best property on the block or words to that effect. This is the detailed feedback that is the real strength of REIN. Tris

Adam, what size of properties are you typically talking about for the folks who have made a mistake and get burned out? Are these smaller investors who didn't think it through and who don't have a tough love property management company so they get sucked in themselves? And what kind of price/cap...

And one other criteria I just thought of would be screening for prior evictions.

I've heard from US multi family guys that a C Class tenant profile - which will have a lot of welfare tenants at the lower income levels - is a good tenant pool so long as you screen for the tenants that work a small part-time job to top up the welfare, have no violent or property crime records...

Timing generally = price. I find it really amazing that I haven't read any discussion at all on the forums about the release of all that data on the returns of the three types of investment properties: SFH's, condos and townhouses across Canada. If I recall, generally speaking the...

She is a close family friend and I have visited her moldy apartment many times. The REIT mgmt running her complex seems to have sized up her situation - she is afraid to report the health risks as she is afraid of termination due to so many cats, and schizophrenics are reclusive from society...

I agree with Rickson - couldn't you just treat the fines as a cost of having the cats? They are crucial to her, they and the meds keep her grounded with something to focus on. Are escalating fines common? I guess it must come down to the neighbours and what the rules actually are. Thanks for...