All Forum Posts by: Samuel Sedore

Yeah well the main difference is that our market has experienced stable consistent growth nation wide for the most part since the 80's. While there market has been extremely volatile and segregated. A huge part of our investment success is appreciation, while from what I see there are markets in the states that havent appreciated in decades.

Do you mean if you find a good investment property through their MLS portal? If so there is no way, and I wouldn't worry about it because anything on the MLS will be seen by thousands of agents and sent to thousands of investors.

Best thing to do is put on an offer quickly and lock it up

Buying in Alberta could be risky with the economy, extra due diligence would be key. 

The 1% does not always apply in Canada like it does in the states, In Ontario anything I have seen in my market following the 1% rule is actually a bad investment because they are usually in towns with negative to no growth. Think Chatham, Windsor, Welland etc. If the 1% was to be constantly followed My market along with Toronto and Vancouver would technically be terrible investments, while historically they have been very profitable.

If you shoot me a PM I will send you a basic spreadsheet geared towards the way I evaluate. Determine and breakdown your ROI with and without appreciation, as well your monthly cash flow, and expenses multipliers.

I would just try contacting some brokerages and explaining your situation. If you have any interest in Joining Keller Williams here in kitchener, I could put you in touch with my manager. I would say it's best just to ask, every one is generally flexible and there may be opportunity behind the curtain.

I would watch out for RE/MAX as you have to pay advertising fees, as well as I believe Century 21 or Royal Lepage, One of the 2 is cheap to work for but they charge a fee to leave.

Your cherry picking my post, If you notice I said the fact that there is 2 of them is the issue along with their age, unless they are a couple which is a different story. But thanks

Unless your renting to students do not accept 2 young males into your homes. The fact that there is 2 of them tells me money is a problem. Unless of course they are a couple which is a different story.

Not being biased considering I'am 23, most people under 25 I wouldn't consider. Specifically someone who has never rented before, they are probably used to Mommy and Daddy cleaning up after them and may lack basic responsibility. Also I have yet to meet anyone in that bracket, specifically when there is 2 people sharing a unit, that don't throw at least 1 party.

Keller Williams has some great agents out way!

Anything posted by news agencies is generally to induce either fear or a frenzy so try not to read to much into them its more or less BS 90% of the time. I like to compare my actuall Real estate board stats to what they say, I find its usually cherry picked data.

If the Toronto Market starts to fail the ripple effect will start to been seen on the outskirts of the GTA first and foremost, as those values are based strictly upon lack of affordability in the city core.

Most cities with their own economy will weather the storm with ease and see little to no negative effects, Brampton, Missisauge, Cambridge, Hamilton, Kitchener and similar areas will see mild stagnation if not slow growth.

Places based purely on accessibility with little employers in the area will get hit the hardest as the Toronto market slows down or sees negative appreciation people will buy in the city core rather than an outskirt. Places like Ajax, Markham, Pickering will get hit hard, as majority of residents work in Toronto, therefore if Toronto becomes affordable for them they will move back into these area. Basically starting the entire cycle all over again.

Hey Leila

Which lenders have you tried for getting the 80% LTV to invest out of country?

Investing in a single or multi-family is better use of money then putting it in the bank, but I would say gauge your plans and do what makes sense time wise. Buying and selling in less than a year usually costs you all of your return unless its a flip.

If you buy another home in Ontario I would recommend keeping it for 2 3 years before selling.

Alternatively if you have any interest in checking out KWC investment properties shoot me an email I will send some your way.

In my opinion I believe the brokerages are to blame as well, I have noticed a huge difference in opinion from one brokerage to another even run by the same company. If the manager is more concerned with high numbers then ethical practices, they don't care when the agent they manage screws people around as long as they get paid. If they started cracking down the agent would have no option but to stop or lose their employment, but it would never happen because the manager would fear losing  producer to a another brokerage.

the crappy part is that these agents will always find success, and just ruin it for everyone else. Like politicians if you have low morals and are a cunning linguist you can manipulate people very easily.