All Forum Posts by: Matt Geerts

Come on out to Tiger Jack's at 842 Wharncliffe Rd S, London next Tuesday Sept 12 at 6:30pm for a casual gathering of real estate investors. Newbies are welcome! 

We've been seeing steady double-digit attendance with some new people making the "regulars" list. I look forward to catching up with some of your continuing stories and helping some newbies wrap their heads around this game.

I am looking for suggestions for a venue where we might have a similar atmosphere, but we can get a closed off area for our group so we can potentially have short info-sessions without disturbing other diners. South-end is preferred to accommodate the people coming from out of town.

Great meet-up! Thank for someone out, everyone. Especially our long-distance travelers, Jon and Alicia.

Does the arrested boyfriend's lack of signature on the N11 pose a problem? If he is just in jail for a week and finds out his stuff is gone and the locks are changed you might have a problem (either legal, or just with a known criminal smashing up your windows).

@Maclean Gordon I host these every month. We're going on about 17 months now :) I'd be happy to chat with you about the region. Send me a PM and we'll figure out a time to chat.

@Kellan P. I know you're in. You're always in.

@Jacob Perez I look forward to meeting you. 

Attention London and area investors and GTA Toronto Hamilton investors interested in spreading their investments into a cash-flow market! 

Once again we'll be hosting the monthly BiggerPockets meet-up at Tiger Jacks at 842 Wharncliffe Rd S, London. 6:30pm as usual on Tuesday Aug 15th, 2017.

Newbies are welcome! 

Jacob, never accept partial rent. Rent is either paid on time or not. Don't blur the lines or you set a precedent and it becomes a reason for LTB to screw you.

From landlords, of course, but from the voting population as a whole? Keep in mind that even people that don't rent think that all landlords look like the Monopoly Man. We're in this no-exemption rent control situation because landlords got bowled over hard. There was zero voice of landlords in the media, despite the efforts of landlord groups. The media repeatedly said how "landlord friendly" our legislation is here in Ontario, yet we have the most tenant-friendly legislation in North America (go ahead, try me, California).

Thanks @Luc Boiron that info all definitely applies to securities, but I am given the impression by my lawyer that asking someone to accept a mortgage on one of my properties is not relevant to securities law, so no exemptions are required.

I believe that you are correct for the short term. However, despite all the cries of "nobody can afford to live in Toronto" the fact is that Toronto has a 67% home ownership rate. Of course, a large percentage of those who don't own homes are in apartment buildings. So the only houses that may have any incentive to flood the market is the small number between the homeowners and the apartment dwellers: the house renters. 

First, there will be a knee-jerk reaction, just like we're seeing right now with Kathleen Wynn messing around with the market, and with the puny 0.25% increase in rates. Then things will go back to "normal" because there wasn't really a huge affect on the market as a whole.

So, either be faster than a knee-jerk, or take your time and sell when the news is forgotten.

double post