If you want to get the right financing, your move from single-family to invest in Multi-unit residential building will need a lot of planning and due diligence.Property investors looking to expand their horizons and move to the next investment level often find that things have changed along the way. Case in point: financing and the differences existing between single-family or condo financing, Read more
Top Tips on how to get the best price and win your next property auction
Investing in real estate is a smart move- but only if you do it wisely. The reality is that bidding wars are not going away anytime soon, so here are some insights and advice that may help you secure your next property.
Crunch the numbers
Before you enter a bidding war or even try to buy a home, you need to get pre-approved Read more
With rent to own, the tenant rents your house and has an option of buying it. They actually move into the house intending to purchase it from you sometime in the future. You determine the buying price at the start and they pay you a fee just in case they consider buying it in the future. A certain portion of the rent they pay serves as a credit that builds up with time towards their future purchase. Read more
The mere mentioning of the words house, investment and rent to own in one sentence makes nay-sayers to come out in a might force. However, no one can really blame them. If you just take it upon yourself to do a quick search on the internet about rent to own, you will be met with horror stories and some shocking revelations. Nonetheless, the fact is that rent-to-own or simply RTO is a legitimate Read more
Buying a multi-residential property in Great Toronto Area means making a multitude of decisions. The bigger the property, the more decisions you're going to have to make. It's a big responsibility to go the multi-res route, but it's one that can pay off big time if you adhere to advice, plan accordingly, do your research, and have a strong commitment to making it work.While location plays a huge Read more
One of the most important things that will determine the success or failure of your rent to own program is choosing the right properties. I am sure that you have heard horror stories about people investing in real estate and losing out in the end. However, choosing the right properties will draw in the right type of tenants and you are instantly decreasing your chances of loss. If you Read more
Everyone wants to become financially independent; however, not everyone takes the steps needed to achieve this goal. Many people read books and attend webinars; although, they do not act on it. If you want to achieve financially freedom then you need to be ready to make an investment. However, it is unrealistic to think that you won’t make any mistakes; you will. Don’t let your fear hold you back Read more
If you design your rent to buy program successfully, then it is a win – win situation for everyone involved. You as the property owner win because you are profiting financially each month while paying off your property and increasing the amount of equity that you have built up in the home. The tenant wins because they have a nice place to live for an affordable price while having the option to buy Read more
What do you do when you get a complaint or request from a tenant that you have never had before?How do you know the quality of the tenant you are renting your property too?Who can make sense of the intricacies of the Ontario Residential Tenancies Act to ensure you are not being taken advantage of?These are questions that we have all faced at one time or another, and there are simple Read more
MEDIAN PRICE: $295,500AVERAGE MONTHLY RENT: $1,037 / MONTHVACANCY RATE: 2%See current affordable detached houses available in Barrie cleck hereSee current availbale condo appartments from $149,900 click hereLocated in the heat of Simcoe County, the city of Barrie serves as the gateway to Ontario’s Northland. With numerous natural attractions such as Lake Simcoe Read more
Very effective and honest agent. Have sold and bought our houses with him. Both deals were done quite professionally and in our favor. Sold within 1 day over asking after listing. Would highly recommend him to anybody who is interested in dealing with real estate.