All Forum Posts by: Samuel Sedore

 100% Charging an applicant makes them commit, most renters are not organized or responsible people and commitment scares them. They have tons of time to waste and have no problem wasting your as well. I find simply not letting them choose a time and cater to your schedule will eliminate huge numbers of people. I find it hilarious getting ad or sign calls "hey Iam very interested and would like to rent this place its perfect can I come by tonight?. to which I reply no we hold all showings on such and such days from x to x time. 90% of them never give me an answer. Experience tells me anyone not willing to move their schedule around is not very serious about the unit. Sometimes I will try and schedule something before 8am on a weekend, that really tests motivation!

You would have to purchase the home with hard or private money at high interest with a short term. Then refinance at the end of the term and pay out the first lender. My question would be don't you think this is risky from across the border, or did you plan to move there? You could do the same thing in Calgary I feel like with similar results.

I have a multi family meetup for investors here in my area, feel free to come out.

I would also point out that most over seas investor and doing so through through pure capital no financing. Canada is so attractive because of the long term housing market, realistically speaking we have never seen a true crash in housing prices. These investor see it as a safe haven, also if you read into the way the industry is designed over there, it's not the picture of stability.

 Hey Bob 

where is the property located? I could potentially find some canadian investors, although as far the taxes, you should contact BDO(accoutning firm) they are good with cross border tax laws. She would likely be subject to capital gain tax on 50% of the profit, unless she purchased with the intent of selling for a future profit then it would taxable as income. On the Canadian side, I have no experience with bring the money across a border.

I know  nothing about exchange sorry I can' offer any help there.

Good tip about the pocket listings! I would also recommend being ready and able to put an offer on within the first 2 3 hours something hits the market. I notice the best deals last less than 24 hours on the MLS , I would have your realtor put offers to tie the property up before you view it to save time.

I would spend atleast 2 months browsing all new listings, this will give you a great idea of what you're market values are

Hey David

When getting into REI sometimes it may seem that the good deals just aren't out there. But I would suggest hooking up with a knowledgeable investment realtor, they will have their fingers on the market pulse and be able to locate these deals for you.

If you would like a referral or some tips on qualifying the right person just let me know!

As an Agent I I hate those pricks who fast talk people into contracts! But great story love to hear more as you go.

I work for Keller Williams and it is a great company, but I would recommend a brokerage specializing in Commercial realty. Colliers is usually pretty good. Most residential realtors won't know there *** from there head if you try to get them in on a commercial over 8 units.

I would ask for a track record, look for a realtor who owns some themselves. You want a realtor who doubles as an investor.

I have a colleague who is an investment realtor in London. London is not the boonies,,,, its a pretty big city, but property there if priced competitively will sell in less than 60 days. 

Appreciation is about in line with the Canadian average at 2-3%, half of what you would see my or your current markets. But still better then most cities as the cheap home prices drive growth through affordability.