All Forum Posts by: Jadon Kaiser

Yeah unfortunately that appears to be the case, and being so new to all of this it's a bit discouraging to say the least. I hope that at least inventory will start to meet demand and that we'll see at least some more reasonable properties go up.

I saw that one on Buttrey, something about it seemed odd and I've spent a lot of time going to properties that seem ok in the pictures but ultimately have some major issues (foundation) that make it way too much for what it is. Even with low interest rates, I'm not sure how someone could get decent cashflow when somewhere like that only rents for $700-$900/month. I suppose flipping is where the money is at that point, or some other strategy but honestly for being so far from toronto it still has all the GTA issues it seems.

I have no experience with commercial buildings but if you can get cashflow I suppose it doesn't matter where from. Only issue is that I have no idea how smaller retail units will return after all this, if they even can.

I've also been continuously looking in this area and did take a look at that one on Division. Being my first property, the lack of experience and questionable rent numbers (I don't think the monthly rents per unit were realistically sustainable, but again I'm newer) combined with the terrible area and subsequent lower appreciation made me pass on it. It's a crazy market for something like that to be considered by so many, as nice of a turnkey it would have been otherwise. 

I'm personally in no rush, but with the uncertainty I have no clue where the housing market will go but based off what I've seen I can't imagine a massive drop.

Hey there, thanks for the reply. Unfortunately that's what I'm seeing consistently with all homes here, some absolute junk properties selling for way too much but I suppose that's the way things are right now. Currently I'm searching for properties based on what the realtor's automated system is sending me, but those are for "fixer" properties that are still selling for way too much. I never considered Kijiji, Facebook, or FSBO, what are the repercussions or things to be aware of when entering in a purchase directly from the owner? 

By aggressive I mean responding to requests in a timely manner, ready at any point to see a property, willing to see on your behalf, etc. I imagine most real estate agents are, but I image this market isn't exactly helping things.

Hey there, I'm relatively new here and have been interested in REI for a couple of years now. Unfortunately, I've only recently had the opportunity to actively pursue real estate, but with the current state of the market it seems harder more now than ever. With the average house prices in St.Catherines, Welland, Niagara, etc being so high, I've been having difficulty in finding a sufficiently cashflowing property, or even one to house hack and live in with others. Even the prospect of seeing a positive cashflow seems difficult unless you're creating multiple units from a SFH, or assuming a multi-unit building. I'm not sure if the 1% rule still applies, but with current market rent it seems to be closer to 0.5%.

I've seen some of the more experienced investors buying SFHs and creating legal duplexes or triplexes but since I don't even own one property and have never been a landlord before I wanted to gradually build my way up. I'm willing to put the time and effort in a reno, but don't personally have the skills and experience so I'm not sure of the cost and time horizon for one of these conversion projects. I'm also looking for any networks or communities (beyond bp) for discussion of how they approach investing in this region (if there still is opportunity of this nature). I'm currently working with a realtor but I dislike how passive they are in my pursuit of a property (just automated listings). Is this normal, or anyone local have a recommendation for someone who is willing to aggressively pursue a property with me?

Hey there, new to this place and if there's a meetup or group, I'd be interested in joining as well