All Forum Posts by: Lynne Jacob

My pleasure, @Marquis Ephraim.

Either / or.  I recommend you get cash buyers NOW -- it's nice to have buyers to whom you can send your deals ... and FOR whom you can find the properties they want -- but if you find a great property that you can get under contract, don't hesitate.  Then put it up on Craig's List as well as offering it to any cash buyers with whom you've connected in the meantime.

Very much appreciate your summary, @Roy N.  Thanks for taking the time to share.

Hi, @Roy N.  I see you're in NB.  I visit Montreal frequently, but live in Beau Bassin Est.  That said I originally come from Ontario.  
I find the rents to be pretty low in NB, though.  In fact, comparing the cost of living in those 2 provinces, while food, fuel and taxes are considerably more expensive in NB than in Ontario, the rent paid and even cost of housing is what more or less balances it.

And that said, while housing is cheaper in NB I find rents are generally so much lower that one does well there, as well as in most places in Canada, if a property pays for itself.  And add to that the heavy municipal taxes at double for a non-primary residence.

Just curious as to your opinion / findings on how profitable residential rental properties are?

wow!  Inspirational! Congratulations.

How did it go, @Angela Houchens?

It's a  little late for this one, but if the house is listed I'd recommend you use your own agent.  It doesn't cost you anything, as the fee/commission is covered by the vendor/seller, whether there's one agent or two.

I'm not so sure you "need" to have an agent because it might've have been listed on MLS, but you will want to work with an "investor-friendly" agent who understands that you're not buying a HOME but an investment property and the two different angles are very different.

I do agree with @John Matthewson for this reason, I've just stated; hence the need for an investor-friendly agent.

Hope you've gotten a great deal.

Welcome to Montreal, @Ken Colville!  Let's do coffee when you get settled.  

BTW, waiting a few months is PERFECT.  :-)  Not so cold these days, but white and below 0 (Celsius). 

The City of festivals starts its festivals in April ... and they, alone, can keep one busy and show one the city.  (But maybe you're originally from here and know that already.)

Wishing you great success in your REI in GMA (Greater Montreal area).

Hi, Jo Lynn

I happen to know of a lender to Foreign Nationals.  Don't have the time at the moment to hunt down his name, but would be happy to if you'd like me to so just send me a PM.

Wishing you great success in your investing and your consulting business.

Hi, @David Nguyen.  My trip was GREAT.  I'm so sorry I didn't see your note, but Bigger Pockets seemed to have disconnected me and then I was busy with so many other priorities I just didn't jump through the hoops to regain access.

Would love to meet by phone, though, if that would work for you.  PM me.

@Thomas S. - I see you're from my stomping grounds (Ontario, Canada).  Are you speaking about Section 8s in the States, specifically?  Or are you speaking about welfare recipients in Canada?  From my understanding there's a big difference.  For example (if I understand correctly) ... if the Sec 8 tenants do NOT keep their place looking as nicely as when they rented then they lose their ability to receive the benefits of Section 8.  They can be evicted.  (Not so or not easy in Canada.) And the gov't agency pays their rent directly to the landlord -- all of it, as I understand.

And .. this is just my understanding, which could be off-base. :-)  I'll leave it to the Americans to clarify. :-)