All Forum Posts by: Brent Byers

Did you know....As of Jan 1st - the Gov't has forced on ALL lenders/banks in Canada - when approving a Borrower, they must pass a stress test at a Higher Int Rate (2% higher than approved) before getting the $$. Essentially means - the amount you can borrow will drop 15-19%. Another way the Gov't is trying to control our Economy and housing...Socializing Business! ;(

In Ontario when we serve a delinquent tenant an eviction notice we are required to put our Home Addeess...so the Tribunal (kangaroo court) can mail me a copy. A couple years back - my tenant - who was 3mths in arrears got my home address & showed up at my house at dinner. That was the last time I used my Home Add on these or on any Posts or Social Anything! Never know when Crazy John will show up - drunk & ready to fight!

Why we have gone from unlimited CapGains to $500k limit to $200k to 50% gets Taxed& no form of shelter? If we want Big Investmnt in Canada especially in Housing, we need some protection for our investors! Or am I really off?

Ming Lim I'm a broker and investor in SUDBURY and S.Ontario. A big draw here is the low point of entry, decent equity growth and positive cash flow. Most of my properties net upwards of 20% ROI on under $40k down. Nathan Boulet we meet every mth - next is end of Feb

Lucas Machado &Christeina Douglas I'm a Broker - I have access to Expired listings but how do you find or hear about Divorce or Tax/Bank Foreclosures - here they are not generally public info?? Brent

Nathan Boulet you should come to SUDBURY and meet up, we have regular meetings here. Oh and by the way I have a property in Timmins are you interested in the listing?

Hi Thomas Lorini will do @cassidylogan doesn't come up. Is it a typo? Is s/he in the area?

There seems to be no, zero, nada Agents in the Sarnia or Windsor area to help me buy...wow! I guess this is another proof that it is a good area!! LMAO

So...I'm guessing the simple answer to a Tax Shelter for deferred Capital Gains, doesn't exist in Canada?? If you have a property that has appreciated significantly, $200k you are going to take a $50-60k hit on that years Taxes! OUCH MOMMA!

Hi Nate and friends I invest in SUDBURY & Hamilton and Sarnia. I am looking for other investors which can join in on some of my projects. Would u be interested in discussing other areas in Ontario? Cheers Brent