All Forum Posts by: Brent Byers

As Samuel Sedore indicated, there are very few Tax Sales, if the property is left owing, the bank or CMHC will take it back, list it for 2-3 month then list with an Predetermined Agent to ensure that the FMV or price is not eroded and the market doesnt take a Hit by having the property dumped or discounted. They both then follow a schedule of price reductions to a point (every 3 mth). At that point you might see a SALE, but by then it is going at market price way sooner than it is seen as a big discount.

I invest in Ontario and have considered buying in both St. Cats and Windsor - both seem to have good Cap and Passive Income opp.

Thanks,

Brent Byers - Royal Lepage North Heritage 

www.MySudburyHomes.ca

Hi BP Team - i am brand new to this and hope this is done Correct?

I have a number of Investment properties (3-6plex) units and have been enjoying passive income of $3000/mth.

What i am interested in is to look at going bigger - would like to do a 15-30 unit building some where else and from what i have been hearing is that usually this is Better when within 4-8hr of where you live.

Hence why i am considering Hamiton, Windsor, Niagara Falls, etc...

Are there any investors in those areas or does anyone have any comments/advice on these ideas - is it flawed or sound?

Brent Byers - Ontario Canada