This weekend I attended a Multi-Family Investing Bootcamp organized by The Real Estate Investment Network (REIN) and started to learn about how to acquire, manage and exit multi-residential properties. One of the key takeaways for me was the rule of 150 which I will explain here. There are some differences in the way single family…
It’s been about 5 years since I first read Napoleon Hill’s Think and Grow Rich at the recommendation of a successful mentor when I was still a University student at Laurier. Widely considered to be the Bible of personal achievement, this book was a good starting point for my journey towards success in the real…
When you first buy a rental property or an existing tenant moves out, you’ll need to get the unit “rent ready” to welcome your next tenant. The first impression of the tenant is important – you want them to know they have a landlord who cares. By getting the property rent ready for each tenant…
Multi-family buildings come in many shapes and sizes from 6 units to 600+ units. However, no matter what the size, success falls into a 4 step system to successfully buy, own and profitably exit a Multi-Family property. The following is a guest post by Don R. Campbell; best selling author, and President of The Real…
The real estate bubble that started at the turn of the millennium was the greatest we’ve seen in the past 120 years. As the saying goes, “the bigger they are, the harder they fall” and this is why we’re still seeing the effects today. In hindsight we can shed some perspective on this last bubble…
Since a 2007 amendment to the Ontario Municipal Act, cities such as Hamilton, London, Missisauga, Oshawa, and Waterloo have all introduced some form of rental licensing. Some have already done so successfully, and others are still in the process. As someone who invests in KWC, this concerns me, but regardless of where you live or…
Real estate is a fantastic long term investment which makes it suitable to include as part of your family legacy. Have you ever considered what you would like to pass along to the next generation? In my case, Old MacDonald had a farm and it has been passed along from generation to generation. Passing along…
When most investors run their numbers, one thing I rarely see is enough budgeting put towards tenant turnover costs. These costs can be factored into vacancy rates, advertising costs or management fees, but usually they are on the low side in most pro forma budgets that I come across. Be sure to consider all of…
In the Real Estate Investment Network’s new Top Ontario Investment Towns Report for 2011-2015, Barrie has once again come in as the #3 town (alongside Orillia). Last week, I had the opportunity to interview Shannon Murree who is an investment focused Realtor in the Barrie area. In this brief (3min 40sec) Shannon shares her local…
One of the least popular tasks for many real estate investors is bookkeeping. Whether or not it is your cup of tea, I have a couple simple tips for automating the process so you can free up your time for some of the other tasks you like better. This system isn’t quite fully automated, but…