I would use the N13 you can increase the rents after renovations have taken place above the normal guidelines. This is typically how we have gotten people out when they are severely under market.

congratulations

If you want to take a tour of Hamilton and have a look at what there is to offer in Hamilton. Such as prices and rents. Different areas and different types of properties my team and myself would be happy to introduce you to the world of Hamilton Real estate investment. Regards,

Hi Sandy, I have a number of clients you can speak with regarding investing in properties. If you would like to speak with a few investors drop me an email and I can share their contact information with you. They may not be investing in your area but they will definitely be able to help you...

I quite enjoyed it :)

Congrats on your first investment property I am sure it will be the first of many.

This is an issue to work through with your lawyer. As a realtor the likelihood of a response from a sellers agent and therefore a seller after a sale and sometimes just after removal of conditions can be challenging. Getting a response when a letter is sent lawyer to lawyer is almost...

Hamilton has a steady supply of properties. Many of which are poorly managed with below market rents and o course delayed maintenance. We have started seeing turn around in those units and currently see most prices in the 60 - 80k per unit range with some regions hitting 100 -140k per...

You can cash flow TH's in Hamilton. Not great cash flow but they cash flow with property management. As for property management there are a number of good PM's in the area. On the other hand I know of a couple of properties that already have tenants and could be managed from Sudbury if you...

Hi Jamie, Why a 1 - 2 BR condo? For that down payment you could probably get into a 3 BR 1.5 bath town home. If you want give me a call and we can discuss some possibilities. 647-388-3173 Regards,

There are no issues with legal non confirming key word here is legal. As for checking verifying with the city your lawyer can request a zoning verification from the city. Regards, Mark Loeffler www.markloefflerteam.com

I suggest everybody get out to the council meeting the Hamilton District Apartment Association (HDAA) is making a presentation at the meeting on behalf of their members. They are also calling on volunteers to help mobilize and organize action against licensing. Please be present and let's give...

Darr, I can get much better than 1% if I am adding value to the property by renovating and fixing years of undone maintenance. But I have seen turn key properties sell at the 1% rule in the last 3 months in Hamilton. They are out there you have to be looking that is all and they move quickly...

Hi Thomas, We still see them in small multi family 2 - 4 units in the core of Hamilton. If you look hard enough you will find a very select few on the Mountain in Hamilton as well. Regards,

Hi Thomas, I disagree you still see the 1% rule happening in Hamilton which has all of the key factors and is the #1 town in Ontario. This is of course getting harder and harder to find though. These are in good areas as well not in the north end of the city.

I concur with the above posts. not a good idea. In the long run it will end up costing you more money and any exit strategy could be hindered with any such designation.

Hi Jordan, Just a question is some of the motivation to get out of your brothers house? If not why not buy a straight up rental property and stay living with your bro for $300 per month and continue to save for another rental property. You make good income and you could set yourself up...

Hi Thomas, I like properties with a little more cash flow. A nice little 2 - 4 unit that I can have managed and still enjoy cash flow. As for location I am currently investing my money in Hamilton, ON. Oh and Mike I can help you out with a realtor in those areas I didn't see that...

Hi Mike, I would sell. Right now any gain is tax free where as all your mortgage pay down and appreciation in the future will be taxable. I would take my money where it would work harder for me than a downtown condo. Regards,

Dan, Your manager from Hamilton should be able to help you out. Regards,