All Forum Posts by: James McCune

@Ryan Hazelwood 

25-  8 properties 16 units mainly 2 bedroom apartments 

@Sazini Nzula just sent you a PM

@Marielle Baker any luck?

@Account Closed while I do agree with the no go squares I believe if you bought off St.Felix - Carleton the value should go up, especially with the new subdivision going up behind St.Felix. I would still avoid Prince Arthur and Louisa. 

@Sazini Nzula feel free to reach out to me I work primarily with investors in Conrwall On

For the realtor fee's on closing you have to pay HST, it would be another $2275

@Tuan Pham, Sorry for the late reply i don't come on here too often 

I use A-plus but might consider managing on my own in the near future

Most properties in the area appreciate after a reno as long as you follow a few rules:
1) There's a little "square" i recommend to avoid (Montreal Rd - 2nd st and McConnell - Belmont)
2) Know your numbers (reno, holding, resale)
3) Watch for places built between 1950-1980, some of those properties had no-corrode sewer lines... they corrode and it costs about 6-10K depending on how bad the pipe gets

Anything else feel free to message me 

Hey @Kevin Marshall, have you looked in the Cornwall or Morrisburg area? I purchased a 6 unit last year with around a 7.5% cap and just purchased a duplex, which i will reno and refi. That should see about a 9% cap. If you would like more info on this area let me know, id be happy to help. Do you do large multi units? 

I thought about house hacking and wouldn't be opposed to it. Since my current living expenses are very minimal and I have a unit generating income I would much prefer the brrr strategy. Difficulty I'm having is finding good deals. I thought about driving around and door knocking, or sending mail-outs to specific properties. Have you or do you know someone who has tried either of those methods? 

Hey, I'm newish to the BP community and looking for advice to grow my rental business. Little backstory on me; I received my real estate license in Ontario and purchased my first rental unit September 2017 in Cornwall On. I discovered BP through the podcasts and really like the BRRR strategy. I just wanted to know if there was anyone in the Cornwall or Ottawa area who has done this and how you went about finding deals. Any advice is greatly appreciated

Hey, I'm newish to the BP community and looking for advice to grow my rental business. Little backstory on me; I received my real estate license in Ontario and purchased my first rental unit September 2017 in Cornwall On. I discovered BP through the podcasts and really like the BRRR strategy. I just wanted to know if there was anyone in the Cornwall or Ottawa area who has done this and how you went about finding deals. Any advice is greatly appreciated