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  1. Thomas Beyer

    Kildare neighbourhood in Edmonton

    Rents for $900 plus utilities ? Might be ok if you buy ten to get some economies of scale. If you buy one with 20% to 25% down and zero cash flow it’s an ok investment and with 1% to 2% upside per year and $2000/yr mortgage paydown it’s an OK ROI but to make some significant money you have to...
  2. Thomas Beyer

    Kildare neighbourhood in Edmonton

    Subpar upside as no new transportation coming. Avg growth like Edmonton at best. TH costs how much? Rent that can be realistically achieved is how much? I used to own in Castledowns and it was subpar.
  3. Thomas Beyer

    Forgotten Utilities

    Not as clear ie potential you owe nothing as landlord bears significant responsibility to collect full rent. Assuming they were sloppy and did not remind you, you would have a good case that you owe them nothing ! Take it to the landlord tenant board and they will likely side with you. What...
  4. Thomas Beyer

    Seeking Vernon, BC realtor

    Try Joel Ellams with Century 21. http://joelellams.com/ Sent from my iPhone using myREINspace
  5. Thomas Beyer

    Calgary roofer recommendations?

    Meercat Roofing 403-333-3032 Sent from my iPhone using myREINspace
  6. Thomas Beyer

    Multifamily in Edmonton

    Yes somewhat in BC, no in SK or AB, although cap rates always have been lower in BC than in AB or SK. Weak, if any, rent growth in AB or SK the last six years. More so in BC thus higher valuations but not necessarily cap rate compressions. Thomas Beyer, Asset Manager, Investor, Community...
  7. Thomas Beyer

    The Simple investor - thoughts ?

    Based on what? Condos? Condos make THE worst investment usually. How much money can you invest and how much time? REIN offers a great education and networking / incubation environment for folks like you. Invest in this most valuable real estate first: the 5 inches between your ears !!
  8. Thomas Beyer

    Need help to buy land with residential property in Quebec

    Know the provincial law that is quite a bit different than English common law AND know the Quebec customs (ie mafia and bribes) AND ideally speak French AND read French - or know a trusted someone that can cover all 4 areas for you !! Sent from my iPhone using myREINspace
  9. Thomas Beyer

    Tenant's dog bite

    Unclear what the court precedence is on eviction if an isolated dog incident. Usually assault is cause for eviction. Demand damages anyway. If rent is in arrears evict on that. Research the precedent. Not as trivial as it may seem on an otherwise normal dog. Some insights here...
  10. Thomas Beyer

    Tenant's dog bite

    Assuming no new lease has been signed by default they are now on a month to month lease. Different rules apply depending on province. What province is this? Evict the dog AND them AND sue for damages (regardless of them remaining as tenants or leaving) !! Don’t let them trample on your rights...
  11. Thomas Beyer

    Calling Investors

    To be successful as a wholesaler you need A) cash to close fast without a mortgage B) knowledge of what is true market value ie deep deep knowledge of certain asset types (say THs, duplexes, acreages, suited home, bungalows or SFH) in a few sub-markets C) ability to judge deficiencies fast and...
  12. Thomas Beyer

    Calling Investors

    Call me skeptical. Very VERY skeptical. How much teal estate do you own already ? Furthermore, I assume you have 400-600,000 in cash lying around or accessible via LOC. Then yes writing cash offers far below market will get you a good enough deal - maybe 1 out of 10 offers you write. You then...
  13. Thomas Beyer

    Calling Investors

    What does wholesaling mean to you? Buy in cash, with fast closing and flip to retail buyers for a slight profit? Where in Canada is this a proven business model? Sent from my iPhone using myREINspace
  14. Thomas Beyer

    Workaround For Security Deposit in Ontario

    Good idea. Why $50? Why not $100? If they don’t balk at that then your rents are too low to start with. The issue is not new tenants not existing (sloppy, low rent) ones in Ontario ! Sent from my iPhone using myREINspace
  15. Thomas Beyer

    Getting a no down payment mortgage, a good idea?

    In theory there’s no difference between theory and practice. In practice, there is ! Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com
  16. Thomas Beyer

    Reno contract resolution

    Small claims court is designed for that. What is the specific issue? Sent from my iPhone using myREINspace
  17. Thomas Beyer

    Getting a no down payment mortgage, a good idea?

    Is that a US based book? 100% financing is not an option for most people in most markets in Canada today. It does exist in severe stress situations in depressed markets, on occasion. Where are those in Canada today. You can make enough money in Canada with at market or slightly below market...
  18. Thomas Beyer

    Real Estate Investing, mentor ship and networking in Edmonton

    Sounds great. After a broad search narrow the criteria. Read here on how to get started: http://myreinspace.com/public_forums1/General_Discussion/61-4391-How_to_get_started_.html When the student is ready, the teacher will appear ! Forget about cash flow ! Focus on networth improvements...
  19. Thomas Beyer

    Getting a no down payment mortgage, a good idea?

    That is a 5% cash back offer for a personal residence ? At what interest rate ? For an investment property you need 20% down. Less for a personal residence if cmhc insured. Send us more details but assume it will not work. Sent from my iPhone using myREINspace
  20. Thomas Beyer

    Real Estate Investing, mentor ship and networking in Edmonton

    Congrats. Well done at this age !! Read my book (80 Lessons learned on the road from 80,000 to 80,000,000) as it was written for folks like you? If so, happy to help.
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