All Forum Posts by: Aaron P.

i use realtor.ca to find MLS listings. There is craigslist, kijiji, facebook marketplace and various facebook groups.

Try searching real estate "<name of city goes here>" and there are a good number of them out there.

Give me a shout and we can work at narrowing the search criteria and search places based on that.

Cheers

How many of you would be interested in a meet and greet? I am excellent at event planning, coordinating and execution but I need to know numbers to choose a proper venue.

Give this post a shout with your location!

Greater Toronto Area, Hamilton, Guelph, Kitchener, Waterloo, London, Woodstock, Brantford, Cambridge

@JC McClain haha yeah. I created a spreadsheet for 12% a year compounded monthly over 5 years and it basically doubled their investment. I thought something must be wrong but it still cash flowed year over year. I was planning to pay out their initial investment after refinancing and store the paid interest in a separate account for them (not too keen on the logistics of the money tbh).

So it really is up to me to decide the terms and rates and adjust to attract investors? I kind of like that

Good day everyone!

I am this close to attracting investors but I am curious; how do you structure your investor financing?

Do you pay out 8% of x amount every year for 5 years?

Do you pay 8% compounded monthly over 3 years on an investment of x?

I am currently thinking of a %, compounded monthly for 5 years.

Let me know what you guys and gals

The idea is this:

Gather investors to build a down deposit amount, pay them a % interest rate for 5 years. 
Get a 5yr 30yr-amort mortgage and carry the mortgage until that 5 yr term is over.

The question is, can I refinance the whole mortgage amount (lets use 300k as an example) at the end of the 5 yr period to a 5 yr 15yr-amort mortgage and get the equity out in cash?

My confusion is that after the 5 yr term, you have 25 years left and I am not selling the home, rather pulling the equity out and reducing the length of the amort period.

This is for a Canadian based but Americans please chime in as I am interested in the USA market as well.

After some digging, I have come across some valuable websites for direct mail campaigns in Canada.

Canad Post mailer options
https://www.canadapost.ca/cpc/en/business/marketing/campaign.page?

https://www.canadapost.ca/sam/step1-target.aspx <-- once you input a postal code, you can click on the interactive map and select specific zones to identify # of houses, upload your custom template, choose the week of delivery, recoccuring frequency and get the cost once you have selected all your options. 

https://crtc.gc.ca/eng/internet/anti.htm
Turns out that the anti-spam laws in Canada are online (e-message) specific and do not include conventional mailers. (Read the whole act this morning -_-)

Here is the actual Act
https://laws-lois.justice.gc.ca/eng/acts/E-1.6/page-1.html#h-176920

You could save yourself the cost of mailers if you delivered yourself but is that the most productive task to do for your time. Subject to the beholder.

@Roy N. Yes. I had a feeling that the delinquency lists are not a thing in Canada as we have these privacy laws in place. I was into some brainstorming last night and was considering a mass mailer/door knocker type mailer. Of course I will check to see if it fits within the confines of the anti-spam laws.

@Barry Pekin You are absolutely right. I do not have my target market defined and I need to spend some time defining who I want to target and how to market to them. What is causing me delay is the financing/purchasing side of the deal. I do not know enough about that specific area and I am listening to every single podcast that BP has put out to identify how to do such.

@Ehsan Rishat Thank you for the example. It definitely looks 'important' enough to catch a homeowners eye. What is your RoR (rate of return) using this example? What audience do you market this towards?

@McKinley Crowley That was my initial thought being concise and come across as someone looking to help versus someone just wanting to buy.

Now I know you can get these lists in the US of A, I am in Canada. So my next step would to be to call the municipal government's office to get a hold of the tax delinquency office and see if these lists are viable here? Also, I need to define what audience I want to encapsulate.

My question is what lead you to go after a specific audience? Why focus on one group over another and what factors play into that?

@Jack Orthman See that is a decent message. It does not come across as invasive, keeps it to the point and easy enough to understand. Thank you for your consultation!

I am having a bit of trouble deciding on what to put on my mailers. Should I put "I buy houses." Because that seems a bit too rash. I've heard that others do this on the podcast and clearly they have had success. But I am curious to know what you guys have used. What works for you with certain audiences? I am completely new so could I be just overthinking it? Is it more in the appearance versus what is actually said?