Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

Search results

  1. JohnS

    No more prime minus

    QUOTE (investmart @ Nov 4 2008, 07:57 PM) Hi guys, Let`s not confuse ourselves. The moment we agree on giving highest priority to cash flow, we are talking about the SAME strategy – buying the right properties in the right places. The only differences is a psychological one - some lower...
  2. JohnS

    No more prime minus

    QUOTE (invst4profit @ Nov 4 2008, 04:31 PM) Even using "economic fundamental research" appreciation is still only educated speculation to me. There are an infinite number of uncontrollable variables that effect the future. Some may enjoy the warm fuzzy feeling that comes from anticipating...
  3. JohnS

    Real estate in 2009 - Crisis or Opportunity?

    QUOTE (wealthyboomer @ Nov 1 2008, 04:19 AM) What`s your source for that? Robert Shiller, a Yale economist, tracked U.S. real estate markets between1890 and 2005 and found that home prices edged up a mere 0.4% a year in real terms over more than a century. Another study, by Dutch economist Piet...
  4. JohnS

    Here is my Situation - Sell or Rent

    QUOTE (patbb @ Sep 26 2008, 03:15 PM) Well, why diversify... I think i started to explain in my previous post... The point is how will you get the most money out of your investment; while limiting the potential risk of loosing it. textbook definition of why diversify: In times of market...
  5. JohnS

    Developer wants to buy my house

    Well, the broker for the developer called today, and left a voicemail. Apparently, the dialogue isn`t over yet. Interesting! JohnS
  6. JohnS

    Developer wants to buy my house

    QUOTE (Sarnia @ Aug 15 2008, 09:56 AM) Hey John, It might be over, but then again it might not......I think many developers use this strategy to get the vendor interested, and maybe even out looking for new homes....good job at keeping a level head. If they really want your property they will...
  7. JohnS

    Developer wants to buy my house

    Thanks for the advice, everyone. Sorry I couldn`t get back to you earlier, but I went away for the weekend. As to the update.... I contacted the broker, and said that I wasn`t interested in selling at market, but I could be interested if it was enough over market. She tried a bunch of times...
  8. JohnS

    Developer wants to buy my house

    Hello all. Yesterday I had an opportunity come up that I wasn`t expecting to have happen, so I thought I would take advantage of the brains and experience here as I move forward. I have one property, which I decided to live in, in a transitional area in Ottawa (#7 town in Ontario). Directly...
  9. JohnS

    What do I need to know to start my own business in Real Estate Investing?

    QUOTE (peterwhite @ Jul 2 2008, 07:48 PM) <h1 style="">You should always run your Real Estate Investing Business as an entity of some sort; ie. (Corporation, Limited Liability Company, Limited Partnership, or Combination such as a Limited Partnership with your Corporation as a Limited Partner.)...
  10. JohnS

    Looking For A Mentor in The GTA

    Hi Terry and Debra. I`m not in the GTA, and I`m not anywhere near experienced enough to be a mentor, but I would have to say....Join REIN. The things that Don and Russell teach are topnotch, and they`re very good at helping the members. On top of that, there are lots of other very successful...
  11. JohnS

    Appraised price lowered than purchase price

    QUOTE (llee @ Jun 22 2008, 06:18 PM) Hi, I am planning to buy a property in Ottawa, but the appraised price is 11% lowered than the purchase price. The property is a duplex (2-unit) and has many parking spaces for rental to government workers nearby. I think the appraiser did not take into...
  12. JohnS

    What does your exit strategy look like?

    QUOTE (holymoly @ May 31 2008, 11:45 AM) What`s in your exit strategy? What do you take into account, and how specific do you get? I`ve made my first purchase, a single family townhouse in Hamilton Ontario which I intend to hold long term (minimum 10 years) and rent out as a single unit. (I...
  13. JohnS

    Calgary quickstart

    QUOTE (RArora @ May 29 2008, 06:16 PM) Is there a Toronto Quickstart coming up this summer? The Toronto one is usually in April - you just missed it by about 6 weeks! However, it is still free for you to go to the Calgary one as a member (well, except for the flights and the hotel...) Have a...
  14. JohnS

    Why I Will Always Buy Real Estate

    QUOTE (wealthyboomer @ May 29 2008, 04:24 AM) No doubt a strong economy and continued immigration have played a role in boosting prices so far and so fast, but it`s not clear why those forces should boost only home prices and not rents for apartments as well. Rather than soaring like home...
  15. JohnS

    Mortgage Rates

    QUOTE (Bill @ May 27 2008, 06:44 PM) Tuesday, and for the whole day. OK, that`s just funny! But yeah, I agree with everything else you said. (With an intro like that, though, how could I disagree?) Have a good one! JohnS
  16. JohnS

    How do you Know the JV offer is `safe`?

    QUOTE (RArora @ May 21 2008, 06:09 PM) Iv been doing a lot of research online and like the option of owning using a JV partnership. However how does one make sure that its a safe transaction and you`re not being `scammed` if you`re the money partner? What is the due diligence one can do? (the...
  17. JohnS

    What does it stand for?

    QUOTE (YLCorporation @ May 6 2008, 07:27 PM) Hi. Can someone give me a hand as to what ACRE stand for? Thanks I just lent out my last copy of the first book so I`m not sure, but I think it stands for Authentic Canadian Real Estate. Have a good one! JohnS
  18. JohnS

    Goldmine Score Card Clarifications

    QUOTE (YLCorporation @ May 6 2008, 07:30 PM) I am studying the Goldmine Score card and i cannot find the information in the book, can someone tell me what "single industry" vs "diverse" economy and provide specific example of each. It would be greatly appreciated as this is the first time i am...
  19. JohnS

    How much postitive income?

    QUOTE (thomasbeyer2000 @ May 1 2008, 05:51 PM) ANYTHING above 0 is good. Positive cash-flow is VERY hard these days .. especially in year 1 !! If you are at 0 for 10 years .. your mortgage is down probably 20% .. and values up 20% or likely more .. and assuming 20% down you have doubled or...
  20. JohnS

    Canada`s best places to live

    QUOTE (mar @ Apr 28 2008, 09:57 AM) Hi everyone, I came accross this article today and thought it might be of some interest. I live and have investments in Ottawa , Kingston as well. http://list.canadianbusiness.com/rankings/...p;df=bestcities Marcus Thanks for posting this - that`ll help...
Back
Top Bottom