All Forum Posts by: Kiril Nikolaev

@Theresa Harris Thank you for your input. Really appreciate that! I might try that and see what they say.

Does anyone else have any other ideas or suggestions?

Hi all,

I've got a situation at one of my properties - the shower is leaking and needs to be fixed. There's only one bathroom in the unit. This may take a few days or up to a week to fix. I told the tenant this and offered them shower access in another unit where another tenant lives in the same house. They did not like that because they are not comfortable using someone else's shower. They asked that during the time that they are temporarily displaced or do not have access to their bathroom, they get compensated as they will be required to pay for living elsewhere and other costs will also arise like additional food, etc if they are unable to be at home.

What are your thoughts on how I should handle such a request?

I will obviously not compensate for additional food, but what about temporary living accommodation expenses, such as a hotel?

@Rachelle Tiu thank you!

@Roy Cleeves thank you! :) we were going for European style

Hi all, in Ontario Canada, can you share what your experience has been like with commercial loans on multi-family small buildings (8-12 units for example) with 80% LTV?

Is it somewhat similar to residential or higher rates?

Also, how has your experience been like? Is it easy to qualify assuming you get a property with over 5% cap rate?

I've never gotten such a loan yet. Only residential for now, but was wondering what the possibilities are.

If you're a contractor near the Durham region in Ontario Canada, please message me here or DM. Looking to build a team of contractors. Looking for plumbers, electricians, HVAC, mudding, painting, drywall, flooring, kitchen installers, demolition, general, etc.

Please provide references.

**Attention Ontario Wholesalers/Off-Market Providers:** 

I am a local cash buyer looking for small-multi family fixer-upper properties in bad shape. Anything from a single family that can be converted to a duplex, to a triplex or fourplex, or other bigger multi-family properties with 5-12 units. I can close quickly on deals.

Mainly focusing on Ajax, Oshawa, Uxbridge, Port Perry, Lindsay, and surrounding areas. Open to other areas in Ontario as well.

Looking forward to getting on your mailing buyer's list. Please message me on here or at [email protected]. Thank you!

@Melanie Dupuis I listened to the Breakthrough Real Estate podcast episode 93 where you talked about your North Bay investments. Very impressive. 8-11% cap rates seem much harder to come by in the South. I was hesitant to look that far, but may consider it with such good returns

@Ralph Noack Those sound like great investments. They're very close to the 1% rule. These are similar types of houses I am looking for here East of Toronto. Seems like a good strategy to add a suite in the basement, rent, and refinance.

Yep, I'm from the GTA in Ontario. Feel free to connect / DM, etc.