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  1. REQRentals

    Poll for rent control

    The vote is over 80% in favor of rent control.
  2. REQRentals

    How to evaluate value investment property?

    More interesting still. Port Credit would be my bet. Perhaps Burlington or Oakville. The population growth in these areas (the 905) is supposed to exceed that in the downtown core. Demographically the west side is more affluent than the City, the east not so much...
  3. REQRentals

    How do I estimate the repairs required on a property 2000 kms away?

    It sounds like a lot of work and expense to go down all of those times and become an expert in a market that you are only investing in part time for diversification or a transient circumstance.. I guess could make sense if doing volume but most who do volume have substantial assets to look...
  4. REQRentals

    Tenant is a Mentalcase. Is my friend right considering.. This!?

    Just for clarity section 49 referred to by Sweetzone above deals with the circumstance where a purchaser buys the property and gives advance notice for possession on closing. He is correct to say it applies only to buildings with 3 or less units. For buildings with more you have to wait until...
  5. REQRentals

    How to evaluate value investment property?

    Really interesting location. I have lived and worked on the lake at Bay & Queen's Quay since 1983. Consistently since '97. It is really nice here but they are building a lot of condos. Certainly a high supply location. Lots of commercial buildings also going in down here. Massive...
  6. REQRentals

    How to evaluate value investment property?

    Janet's Yellen louder than ever that she is going to raise rates But she never does. Even if we assume low but gradually rising rates there seems a disconnect. Is a 6% cap realistic on a smaller asset in a big Canadian City ? This also appears to be a condo as it mentions condo fees as...
  7. REQRentals

    Joint venture %age breakdown on new build

    I would think it depends on the circumstances and margins on the build. Here is one scenario that we previously came up with for investors building on our lots as a land swap and then paying out the contractor and lot from the mortgage if the property was rented. Basically same as a...
  8. REQRentals

    How do I estimate the repairs required on a property 2000 kms away?

    Find a contractor, agent, experienced person Tell them you want to be a financial partner on a flip and do they know of any. See what type of numbers they come up with as local professionals vs the estimate you have. If you have one already and the numbers look good then say you have a...
  9. REQRentals

    How do I estimate the repairs required on a property 2000 kms away?

    Speaking from experience you inspect 8-10 properties to find each one that is worth making an offer. The good ones are usually multiple offers and you land maybe 1 in 3 or 4 depending on how aggressive you want to be. The competition are generally contractors and agents who flip houses...
  10. REQRentals

    Canadian Dollar vs US Dollar

    While I am happy about the prospects for the US dollar I would suggest that there is something of a hedge built in to the other side. Currency devaluation tends to favor hard assets such as real estate. If the dollar goes down in value but the relative value of real estate stays the same...
  11. REQRentals

    Pets in Ontario

    no. it would be classed as an illegal charge
  12. REQRentals

    Can A Landlord in Ontario serve a N5 or N7 by email?

    no you cannot serve by email.
  13. REQRentals

    Building From The Ground Up

    Our Port Tampa "Infill-tration" continues as the first of the new "Shell Key" models nears completion next to the original Grand Key model home.
  14. REQRentals

    Canadians Snap Up U.S. Properties

    Interesting panel discussion on international real estate investment and development. Addresses portfolio diversification, currency hedging and various regulatory and other risks. Columbia University Real Estate Development Alumni Association, Feb 2012...
  15. REQRentals

    Tenant Guest Causing Damage

    Hi, Same in Ontario you can give tenant eviction notice demanding they pay for or repair damage caused by guests within seven days failing which can apply for eviction.. http://www.ltb.gov.on.ca/stdprodconsume/groups/csc/_ltb/_forms/documents/form/stel02_111568.pdf If the damage is...
  16. REQRentals

    Using RRSP Or HELOC for Downpayment for investment property

    Hi vnwind, In reading this my only question is did the brokers you were referred to have a solution for the GDS/TDS issues that was raised by the broker that Sweetzone referred ? I just ask because loan brokers have no incentive to raise these issues if you don't. It is in their...
  17. REQRentals

    Building From The Ground Up

    Thanks Dan, Much appreciated. The rental vs sale thing is a paradox doing infill development as the more old houses you replace with new ones on the street the more each of the houses is worth. However to build the next bunch you need the money out of the last ones. The margins are...
  18. REQRentals

    Building From The Ground Up

    I was reading on here and thought to share the story of our new construction project. I was down in Tampa 2 years ago and decided to look at one of the houses Blackstone had purchased. Wall St firms had driven the prices up aggressively and were making it difficult to find good product for...
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