All Forum Posts by: Thomas Lorini

Glad he was able to help you Annabelle Lee !!

Wow very inspirational, congrats on your success and thank you for sharing!!!

I self manage with my properties in Canada and in live in Southern California. Anything is possible if you have the right team, right property and experience. If it's your first I suggest something closer, an hr isn't that bad. Once the place has been renovated and tenanted correctly your time should not be that much. All the best. 

@Brett Coulter in my experience most realtors don't go out of there way to find you a deal. They are busy selling homes to earn their living. Finding a deal time and experience. However it is a good idea to build a close relationship with a few realtors who can help you. Search the MLS, go see properties, make all the of offers, a lot be used you'll be offering below market offers ...all the best.

George Dube has been my accountant for years. Highly recommmended.  

@Roy N. appreciate your response Roy. Thank you. 

@Matt L. just closed on a townhouse in Hamilton for $106k 2 bedroom 1 bath needs but if work...but will rent for $1000/mth. Deals are out there just getting harder to find.  

Alex Bell - Dalton Insurance He's the real deal.

Greetings, I have a tax related question that I'm looking for some advice on. Specifically related to joint venture type deals. Let's assume I am to do a JV with someone who would be purchasing a property in their name, upon renovating/improving the property and selling, the proceeds/profit is divided between us at the agreed split. Now my question: Should I setup the deal so I take the proceeds/profit in my personal name or in my corp name? Note: Deal would take place in Ontario, Canada I understand everyone's situation is unique, I'm looking for more a general idea.

Erwin is a nice guy shares a lot of info on his blog above. I believe he is or was associated with Rock Star realtor. 

Again I stress the point that in our current market conditions good deals are hard to come by...but not impossible. 

All the best!