All Forum Posts by: Kevin V.

Great stuff Nathan! Keep up the good work!

Ps. Shania Twain woop woop!!

@Justin H.

Hi Justin,

I'm just south of London in St.Thomas. I currently have one SFH here in St.Thomas and am constantly sifting through deals trying to find one that makes sense. Prices seem to be really inflated!

Kevin

Hey Cody,

I would recommend reading Total Money Makeover by Dave Ramsey for more info on paying off debt and getting your personal finances in order. It's crazy how that can boost your investing career. That being said, on the other end of the spectrum I would also recommend reading Rich Dad Poor Dad for info on how liabilities (truck debt) work against your investing and how cash flowing assets will help pay off your debts. 

I know they're both totally different books, but there's a lot of different ways to achieve your financial freedom. Use your knowledge to see what route works best for you!

I would also be careful banking on getting that HELOC before talking to your lender. Just like the Kenny Rogers song goes. "You never count your money when you're sitting at the table, there'll be time enough for countin', when the dealin's done".

I've been declined on a full amount HELOC that I applied for because of my debt-income ratio wasn't high enough. I'm not saying you won't get it. I would just make sure it's available before you put your plan together.

Good luck!

Kevin

Hi Brandon,

I would stick to your criteria. No evictions means no evictions.

I've bent my criteria for a tenant before being a nice guy and had it backfire on me (of course) and I'm still paying for it!

The family you were going on about seem like a great fit if everything checks out. Hope they work out for ya.

Cheers,

Kevin

Hey Canadian BP members,

I'm looking for an investor friendly mortgage broker in the London, Ontario area.

Let me know if you have any connections.

Thank you!

Kevin

Hi Scott,

I'm in the custom kitchen cabinetry business.

We always instruct our clients to install flooring in the entire room, even under where the cabinetry will be installed. Here's a couple reasons why:

- Appliances will need flooring under them. (Dishwasher, Stove and Fridge). Example, The stove will need to be same finished height as the countertop but it wont be if the stove has flooring under it and the cabinets don't. (36" is standard countertop height).

- You will get a way nicer finish if the cabinets sit directly on the flooring. If you try to do the flooring after, you will probably need to trim the entire kitchen with a shoe moulding, quarter round, or some kind of trim to cover the seam between the flooring and the cabinets. You don't want to have a gap in there and get water into it.  

- Your cabinet installer will have an easier time scribing the finished ends and toe kick of the cabinetry exactly to your finished floor. This will have a way nicer look then the quarter room trim or shoe moulding.

- If you ever have to replace the kitchen, you will be so glad that you laid flooring under the entire kitchen as it makes it easier to replace and you wont be limited to a new design.

- It makes the flooring install way easier. I don't know if you've ever tried to lay flooring in a small room or tight spaces, but it really sucks lol.

I could go on with more reasons if you want.

Laying flooring under you kitchen cabinetry is just like laying flooring under where an area rug would go in your living room. Think of it that way :)

Hope this helps!

Kevin   

@Brandon Gubish

Hi Brandon,

Start with reading J Scott's book "The Book on Flipping Houses".

Click the "Learn" tab on the top to find it

Good luck on the start of your real estate journey!

Kevin

Welcome to BP Quin!

I was reading a Moneysense article on the best places to invest in Canada the other day.

Edmonton and Calgary seem to be up near the top of the list every year. Hope you can take advantage!

Good luck on your ventures :)

Kevin 

Hi Ethan,

I was 25 when I got started. Built a new house through a contractor who was nice enough let me do a lot of work on the house myself. I do have a construction background which helped me out.

Good luck on your adventure!

Thank you all for your input!

I will check in on them with a 48 hour notice next week and go from there if things haven't shaped up.