All Forum Posts by: Samuel Sedore

This website is a great resource to point you in the right direction. I would check out meetup.com and go to 1 monthly rein meeting I believe the first is free.

Check out my link below for a free customizable spreadsheet download. Biggest advice fora newbie would be to focus on only a couple strategies and master them, make sure you use canadian specific content.

You can acually break dow  that info by neighbourhood with realtor stats combined with your government stats. I would watch out for government run low income buildings or clinics as they usually dont change location often

GDP growth compared to national provincia(state) and city core. Tranportation imporvements, Vacancy rates, unemployment, average household income, growth rate of population, available rental stock, infrastructure improvements, large employers moving in. To name a few if you find these statistics increasing at a faster rate then average, that area is poised for property value growth.

@Jake Thomasis right, it has to be right realtor, 90% don't know or care about investing. Buy them lunch,

 Meetups are going to be your best way to learn from experienced investors in a no pressure situation!

Watch out for anything on the forum or in seminars that's not specific to Canada, U.S strategies are not always repeatable in our markets.

Shop around for sure, potentially look into updating some of unit to reduce rates, galvanized piping or aluminum wiring may be increasing your rates.

Also I know I get a discount by using the same insurance company for properties and a vehicles, try getting a new company and bundling everything.

It will be registered on title.

You don't necessarily need money to make money in real estate, but you will have an easier time with money than without. I would just keep in mind making money without any seed capital is going to be 3-4x tougher, so don't expect it to come easy.

Give wholesaling a shot or if you know someone with a lot of money approach them about a JV partnership.

I would say I have never heard of VTB's being illegal in Ontario. Some financial institutions don't like to lend the addditional 80% when you get a VTB for the 20% down payment, and they may want a higher ratio.

Although I would suggest approaching the seller and asking for a 100% take back with a term where in your principal reduction and market appreciation will leave you with 20% equity at the to be able to qualify, or lump sum principal reduction payments.

@Bolawa Fadoju If you can find similar deals very easily in town then I would say yes pass on this one. If your plans were to take out the repair costs on credit and then refinance to recoup them, I believe your margins are a little to slim and could put you at risk of paying interest on the loan.

I know Manitoba does not have historically great appreciation, so I would try to find the highest possible cash flow.

If you can afford a multi unit property try looking there.