All Forum Posts by: Matt Geerts

i don't even understand how a standard lease can work. Every property has details. If it is standard but also allows a Schedule attached, then it isn't standard so what's the point?

...or cash out your 100k for a zero-effort profit and put that money to work on another zero-effort investment?

Haha, yes that sounds like your market. But I was referring to our market where thousands are battling over every property that has the word "investor" or "as-is" in the listing.

@Kellan P. I look forward to catching up!

@Neil Da Silva that's pretty cool that you'd make a road-trip to London for this. It seems that all eyes in Toronto are on our Forest City lately, so come get in on the ground floor with the grinders instead of battling it out with a thousand other Toronto investors and the horde of Realtors.

Hello Everybody! 

Come on out on Tuesday June 13, 2017 at 6:30pm to meet your fellow BP investors and have a chat over some food and a pint at Tiger Jacks at the corner of Wharncliffe and Southdale!

We have a few new names on the email blast (PM me to get added!) and a few people should have some interested stuff to talk about after Stefan Aarnio came to town for a free education seminar.

What have you done in the past month to advance your real estate investment? What will you do in the next month? Bring those questions to the table and you'll get great feedback from the group to help you grow instead of flouder.

Keyword spam:

London Ontario Toronto Cambridge Waterloo Guelph Woodstock

@Kent Harris

You can check my past posts on this site: I NEVER run to the aide of Realtors.

I say that so that you can take this next part seriously:

Kent, you screwed up. This is all your fault. The sooner that you admit that and move on the better your business and your life will be.  The effort that you will put into MAYBE getting that 8k back will cost you nearly all of that 8k and in the mean time you could have found 8k worth of new deals and built credibility and self-satisfaction.

8K is cheaper than ANY formal education. Just be happy it wasn't 80k and go find your next deal.

So, take the education that has been given to you. What have you learned?

Be careful of libel. Sometimes investments lose money. Come back and rant about scams AFTER you've been validated in a court of law.

Thomas, that is always a factor. I once heard that the things that hold you back most in life are usually good things, like comfort, family, a short commute, etc.

Let's get creative here...

How about a duplex JV, where their moving into one side gives an investor the opportunity to buy in at 5% and have a permanent in-house management? The investor gets 100% of cash flow from the rented side and pays 50% of expenses.

Essentially this is double leverage and in-house management for the investor in exchange for credit approval and equity share for my friends.

Does this seem unreasonable? What if they source an under market deal to do it with?

Well done. It sounds like everyone is being reasonable. 

Are they on government assistance?

It does sound like you have a problem tenant. Do not return  their LMR while they still occupy. You may find that they never leave and never pay again. Whatever agreement you come up with, if they don't pay on June 1 and are still there, post an order to pay rent owed.

You need to act fast because you are so close to the end of the month. Most likely any tenant you find now is not a good one, but it could happen. Good tenants, people who have control of their lives, rent well in advance.

Offer them to leave by June 1, and you'll return their LMR minus the cost of advertising and credit checks for replacements and prorated unused rent. That's about as fair as it gets.

Most of this decision making hinges on my first question. If the answer is yes, just get them out.