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All Forum Posts by: Justin H.

Justin H. has started 11 posts and replied 143 times.

Post: 22 and loving every minute of it! 3 months into my first 4plex.

Justin H.Posted
  • Investor
  • Toronto, Ontario
  • Posts 148
  • Votes 34

Love it!!! Way to go, this is amazing!

Post: Mortgages in Ontario

Justin H.Posted
  • Investor
  • Toronto, Ontario
  • Posts 148
  • Votes 34

absolutely!!! great post!

Post: 50% rule and 1% rule

Justin H.Posted
  • Investor
  • Toronto, Ontario
  • Posts 148
  • Votes 34
Originally posted by @Nathan Boulet:

Depends on where your willing to invest. Our last SFH in Timmins was purchased for $34,000 and will cost $10,000 to repair. This 4bed/2bath will be rented for $1400-1500 + utilities per month. I would take the time to look into the town in your area with the highest returns and then narrow your search from there.

 That is absolute insanity!!! Those are Midwest American numbers right there. Nice job

Post: Real Returns in Timmins, On

Justin H.Posted
  • Investor
  • Toronto, Ontario
  • Posts 148
  • Votes 34

@Nathan Boulet

 - that is fantastic and congratulations.

I invest in Niagara region, but sometimes travel to Timmins for work!

I have to ask, since you buy low, spend some money and appraise high ... are you guys purposely using the BFRR strategy, or did this just kind of come about? I am very interested to learn more!

Post: If I had $100,000 how should I spend it?

Justin H.Posted
  • Investor
  • Toronto, Ontario
  • Posts 148
  • Votes 34

All depends upon you goals. What are your goals?

I personally invest 50% in my TFSA, a smaller % in RRSP, and the rest paying off my LoC which is how I pay for down payments

Post: Top Markets in Canada for buy and hold cash flow?

Justin H.Posted
  • Investor
  • Toronto, Ontario
  • Posts 148
  • Votes 34

@Alam Burgos - @Roy N.

 is correct - there is alot of potential and a lot of deals in great markets like Barrie & Hamilton – I invest in Niagara Region (St Cats/Thorold) and that is an opportunity too, mind you many homes need a little more love and touch, but can be worth the efforts. It is a riskier market much like a Windsor – great entry level though, in my opinion before you try to start playing with bigger #’s and bigger players like those in KW, Kingston and onwards.

I enjoy reading postings by Roy, as he is very in tune with the Canadian market, and very detail-oriented – may be a good person for you to “follow”.

Post: Let's Talk about Ontario!

Justin H.Posted
  • Investor
  • Toronto, Ontario
  • Posts 148
  • Votes 34

@Doug Pretorius, great to connect with you , I looked at the KW area, and think it has lots of potential with your tech areas. Are you in Students, or families? How do you feel about Sarnia as a secondary/tertiary market? Prices are affordable, and would you do another deal there, or does it just not make sense for you?

@Kevin V. St Thomas – such a nice town, have travelled there a few times for hockey! Are you looking for another SFH, or to diversify?

Post: Calling all investors 30 years old and younger

Justin H.Posted
  • Investor
  • Toronto, Ontario
  • Posts 148
  • Votes 34

27 years old now. Started when i was 26 - about 8 months ago, and now have 2 Student Rental SFR"s under my belt.

Was interested forever but took all the right steps to get started -- I have a blog for the past 3 years which has been following my trials & tribulations and can be seen from my site www.JTresidences.ca

I love RE and let me tell you, do your homework, but it is addictive when you jump in feet first!

Post: Let's Talk about Ontario!

Justin H.Posted
  • Investor
  • Toronto, Ontario
  • Posts 148
  • Votes 34

Nice @Thomas Lorini . That’s great you can self-manage, and even better you’re in Cali J. Are you doing investing in Cali, or going to keep growing in Ontario?

I have 2 SFR Student rentals in Niagara region and live in York Region.

Looking to buy a SFR in my area next year so I can give self-manage a shot as well.

Post: Let's Talk about Ontario!

Justin H.Posted
  • Investor
  • Toronto, Ontario
  • Posts 148
  • Votes 34

Let's talk about investing in Ontario

Who on this site is involved in Ontario and whereabouts? GTA, Northern Ontario, Southwestern Ontario, Hamilton, Barrie, Niagara?

Who is local to Ontario and whereabouts?

Who invests in the beautiful province of Ontario from a distance?