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  1. trev

    Time for me to sell...how to deal with tenant

    Thanks for the advice. Thought i would update everyone on how it went. My experience is that most tenants do not know all their rights, so i decided to test the waters. i sent out this email Dear…………... Due to some personal and family issues, my partner and I will need to sell a few of our...
  2. trev

    Time for me to sell...how to deal with tenant

    Thanks for the replies. I do agree, vacant and cleaned up is the only way to go. I hate to go to 12k but I can see it if I had to sell. I'm thinking to set up my realtor to go thru them all and see if anyone bites at a lower offer, say 2 months rent to avoid the hassle of me scheduling showings...
  3. trev

    Time for me to sell...how to deal with tenant

    i have some single family units in Ontario. townhouses, semi detached, detached. we have decided to start liquidating to free up cash for other ventures. All units are tenanted. All tenants in good standing. All leases expired so tenants are month to month. in my opinion we will get the best...
  4. trev

    RTO Ethics

    Financially i'm better off if they don't buy. Incredible cashflow, no manager, no repairs.
  5. trev

    RTO Ethics

    Thank you for your comments. I would say you are both right. I will admit i have never taken an active role in policing or checking in on their progress repairing credit. I felt i was giving them an avenue to get back on their feet. I never wanted to be a credit counsellor. In a few of the cases...
  6. trev

    RTO Ethics

    Started doing rto's back in 2010. Found them to be a much more stable, predictable and much higher return (on cashflow) than my buy + holds. Flash forward to now..........what a range of outcomes. One closed after 3 years as planned. One defaulted, did a midnight move on me and left their option...
  7. trev

    Rentcheck.....Anyone using?

    Wondering if I'm the only one............ Tried to get into my Rentcheck acct 3 days ago. Kept questioning the IP address then locked me out. Account suspended Sent email to support as it said to. Got an auto-response.....ticket created......usually reply within 2 hours. No reply 2 days...
  8. trev

    LED Light Fixtures

    Adding and replacing light fixtures at one of my units. My electrician is asking whether I want to go with standard or LED. That they are much more cost effective over the long term. What are others here doing? Tenants pay utility bills I am making decision based on at least a 10 year hold...
  9. trev

    buyout or purchase second property

    Cashflow is excess income after expenses. Sure, ideally you have it with just your initial downpayment, but the cash flow is no less real just because you put in additional funds to decrease your mtg payment. It simply changes your ROI
  10. trev

    Is Oshawa toast?

    I was out a couple years ago. Good group. I need to get more regular. another thing about Oshawa. I've lived in or very close to Oshawa all my life and there has always been the what if GM leaves debate as long as I can remember
  11. trev

    Is Oshawa toast?

    I invest in Oshawa as well. It was a top 10 when I joined rein in 2007. You can get much better cf than west in Whitby and Ajax. In more recent top 10 reports you see Durham Region but always excluding Oshawa. Interesting thing to me is that a lot of the great points about Durham Region...
  12. trev

    FIRE! Need advice

    Had a fire in a condo townhouse of mine last night. No one hurt and fire was limited to one bedroom before being put out, but from what I am hearing from fire officials on scene and contractors sent to secure the unit until repairs start it sounds like at least 1/3 of the 2 storey unit will be...
  13. trev

    Welcome Basket

    I get a good potted plant. Something that will stick around for a few months if they tend to it. Costs about $60 and will come in a decent pot that they will probably keep after the plant itself is gone. I also get them a gift card for $50 that is good at a variety of restaurants. My thought...
  14. trev

    Has Anyone Done This in Ontario Yet?

    Curious if anyone has successfully completed a purchase in Ontario with the AFS. I am currently enrolled in the mentoring, but my coach has yet to tell me of a student who has. That, together with the question every week of wether I will give them a referal is making me wonder if anybody has...
  15. trev

    Ontario Lawyers Who Do Agreement For Sale

    QUOTE (REINteam @ Dec 17 2010, 01:24 PM) Hi Trevor, And one thing to note about the response from "the gatekeeper": If it is only good for a seller in a recessionary market doesn`t that mean that the buyer in that exact deal is still buying with a AFS??? So if a buyer can purchase with a AFS in...
  16. trev

    Ontario Lawyers Who Do Agreement For Sale

    I thought Michael Hinchey would be a good person to have my lawyer talk to about AFS. Seemed logical. I saw him get up on stage twice with Ron Legrand telling us how you could use it. Just need to find a lawyer who is either old enough to know it and/or be open minded to look at it. My own...
  17. trev

    Cash flow or Appreciation

    I heard an interesting response to that question once "If I`m getting 20K / month cashflow (or 30K or 40K, whatever your goal is) I don`t care if it EVER appreciates" Hmmmm?
  18. trev

    Quick Turn Lawyer East of GTA

    Looking for a lawyer a bit closer to home. i live in Peterborough, invest in Durham Region. Hoping to find one on my side of the "Great Traffic Jam" Appreciate any leads
  19. trev

    Variable rate mortgage calculator

    I`m looking for a mtg calculator that would calculate and give an amortization schedule when given variables like in Don`s example a few months back. It would need to allow the standard entries like amount, rate, amortization, etc. Those are easy to find. what I can`t find find is one that also...
  20. trev

    Good Realtor in Oshawa Area

    By the way, tell him I sent you. $$$$$ Just kidding
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