All Forum Posts by: Eric Delcol

Edwine Alphonse https://www.meetup.com/Thornhill-Wealth-Forum/

I for one will not be writing to my mp. What the government doesn't understand is that the business world is smarter than they are. If this draconian bill passes I will simply change my investment focus to another city. Ask Los Angeles why Nissan moved to Tennessee and why Toyota packed up and moved to Texas.

Send me a PM and I'll send you the company we hire.

There is a meetup in Toronto for Canadians investing in the US. Send me a PM and I can get the details. There is the thornhill wealth forum (non-BP) and another that meets at the centre for social innovation ( forgot the name). Sorry for the vagueness- on my phone.

Bill O Neil said it best - Bulls make money, bears make money, pigs get slaughtered. Someone mentioned this about Vegas that I feel obliged to comment on " I like the Las Vegas market as there is job growth with the Raiders moving and building $1.9B stadium" Guess who is paying for that 1.9 billion dollar stadium? 750 million of that cost is coming from the great tax paying citizens of Clark county. I love sports. I love new stadiums. But there is no reason why ANY city should ever put up a single dollar for a PRIVATE company's infrastructure. If your city ever has an offer to build a stadium for a team tell your city officials that you don't want any of your money going to these multi billion dollar team owners - if they want to locate their team to your town let them pay for it! This quid pro quo is for weak willed officials who don't have the guts to stand up for their citizens. We the people deserve better.

Tom Jones I'm sure we've all been susceptible to the "squirrel" effect. There are 100 different ways to invest in real estate. Pick one that works for your situation and learn as much as you can about it. Then - follow Nike's slogan.

@Matthew Mcdonald

We decided last year to branch out from our home base market of Phoenix.  

We scoured through the entire country and narrowed our search to 10 markets.  

Tampa was the best that suited what we look for.

We focus on a hybrid of positive cashflow / appreciation.

If you follow a similar strategy than I would recommend Tampa to you, and yes, there are still deals out there.

Originally posted by @Account Closed:

I'm also in a high growth city - Vancouver BC. Most of the fix and flips strategies I've seen on BP are for homes that are very cheap. Do the same strategies apply to more expensive homes (1 million +)? Are margins on fix and flips typically higher or lower for more expensive homes?

Hey Magnum,

Your margin should be based on several factors:

-your time and effort

-market conditions

-your risk

The same strategies will work whether it's a $100K flip or a 1 mil.  You may have a higher margin due to some fixed costs being the same but otherwise you should be able to apply the same principals.

Originally posted by @David Faulkner:

You can make money in RE anywhere in the USA if you know what you are doing. I'd advise living where you want to live and learning how to invest there as a local.

I second those remarks.

Also, you can live in one market and invest in another.  Don't chain yourself to just your local market.

@Tetsuo Wakino

Send me a PM with what type of contacts you are looking for and I can help you out.