All Forum Posts by: Claude Boiron

Salut @Patrick Cartier! Malheureusement je ne connais personne qui s'interesse dans l'immobilier dans la ville de Québec, mais je veux bien le tenir en compte au cas que je rencontres quelque qui l'est. Bonne chance!

@Luc Boiron would you please post a link to my Meetup in Toronto? BP considers me posting it myself, as being a promotion... so I'd appreciate you posting it (only if you feel it is of value to the BP community....)! LOL...

Welcome, @Joyce Orange! Happy to assist with commercial Real Estate questions, amongst others.

 Fair point, John! I would agree that intimate knowledge of the market, plus a complete understanding of the subject property, plus having the experience and knowledge to estimate what can likely be done with a property, are all required to form a responsible opinion of an opportunity such as this one.

Hi Caleb, I don't think you have all the information required to say that the wholesaler took zero risk. What if he went firm (unconditional) on his offer to purchase the property? Seems to me that there would be some element of risk there (not huge, if he got a great deal on the property, but still, some risk).

 Agreed, and timing is important, and understanding the likelihood of a correction occurring in one year, two years, five years, or 10 years, is critical to making decision relating to risk - such as how much of a spread is acceptable.

@Sam B. I've heard arguments like yours for the past 10 years, so forgive me for having become immune. I'm the first one who would like to see a correction, but sadly, I don't see it happening soon.

Hi @John Woodrich, you're sort of making my point (thank you), which is that people are freaking hearing an $80K wholesale fee was paid to make an expected profit of $100K+. The risk level is entirely dependent on the property and the market.

Anyone reading or commenting on this thread who is not from the Greater Toronto Area should read what the people from the Greater Toronto Area are saying. This is a deal! You need to understand the local market fundamentals and drivers to understanding the underlying risk (versus reward). There is virtually NO SUPPLY in Toronto. We grow by 100,000 people every year. TENS of MILLIONS of square feet of new office buildings have been completed and leased, with more under construction and largely pre-leased. I'm not ranting, but rather, suggesting that understanding local market conditions are extremely important to understanding a deal. I know I would make more money in the States, or overseas, in anything related to Real Estate, but we've got something special here in Canada (read the just-release 10 Best Cities to live in report....?)  :-)

@Doug Pretorius City Hall has a department called Assessment Rolls, and you can sit in front of a computer terminal there for hours, taking down property owners' names to your heart's content. I've read about your strong opinions regarding Realtors (I share of those opinions, but I also know that most of my clients will tell you that a great Broker is worth more than anything else in a Real Estate transaction or longterm investment strategy), so I won't suggest that you build a relationship with a Broker who will happily have someone on their team build spreadsheets with the hundreds of names you want.