All Forum Posts by: Matt Geerts

Call all of the Kijiji ads for "Sell your house fast", etc. They deal with the HMLs in your area and can likely hook you up.

I believe that the best lenders are the ones that you know personally and believe in you as a professional who will make them money.

"For everything, there is a right price" :)

Further thinking about this, I'd really prefer to go from Podio data to a purchase contract.

I'd like to use either an excel sheet or my Podio leads to auto-fill the fields in a purchase contract. Anybody have  way to do this? 

Why do you think the property needs to be rezoned? What's the current zoning? I'd be surprised if a 5-plex is allowed by your zone but not a 6. You'll probably just need building permits, and that will require a plan that meets all the building and fire code.

An easy first step is to make it someone else's problem. Submit an offer with "vacant possession" in 60 days after the next first of the month. If the seller can negotiate it with the tenants, you're golden. Make sure you word it such that you have N11 forms signed.

Otherwise you have to try to buy cheap enough that you KNOW you can negotiate the tenants out at a cost that makes it still worth it.

What's the rent and price? Maybe you can just wait it out. Pounce on their every failure to pay rent on time or upkeep the place as necessary. 

Not all pot-smoking slobs are terrible tenants. If the rents are high enough and they're never late, who cares?

Please join us again at Tiger Jacks at 842 Wharncliffe Rd S, London, ON at 6:30pm for another meeting of London's ambitious real estate investors! 

We used to have a couple of themes to the evening's discussions, so I'm hoping I can pull that together again: Try to come to the meeting prepared to answer the question "What do you need?". Not vaguely "I need deals/money/success/time" but specifically what could someone do for you to propel your investment business forward - You might just find it!

All of you investors from Hamilton, Woodstock, Cambridge, Waterloo and the surrounding areas are more than welcome to make the drive - Tiger Jack's is just a couple minutes off the highway. Come see what London real estate has to offer!

Neil, I'm less than two hours from where you live and I can buy a triplex for 250k. You might be over-complicating.

The tenant has 100% right to stay. The seller may ask them to leave, and the seller may incentivise ($$) them to leave, but there is no eviction for the purpose of sale.

If the buyer is LEGITIMATELY planning to move into that tenant's unit, they can use an N12 form.

If you are going to work with investor clients I highly recommend reading the RTA. Be one of the tiny minority of agents that has a clue about rental property rules.

@Luc Boiron Thanks for the tips, and especially the call! That's the type of above-and-beyond that you only get from a true professional.