Learn How to Make Money with Airbnb Rental Arbitrage
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: https://www.mashvisor.com/blog/make-money-airbnb-rental-arbitrage/
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
Lots of people wrongly assume that they need to own property first before constructing an Airbnb enterprise. However, the real estate market has evolved greatly over the past few years and the…
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Is EMPIRE Rain & Senses In Oakville A Good Investment?
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: http://feedproxy.google.com/~r/FirstRentalProperty/~3/HIicngoQcqM/
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
Move quickly though because the housing market in The Greater Toronto Area is crazy.
You’ll have to move quickly in the event that you would like to buy a unit in this EMPIRE neighborhood AND if you want to receive their FREE $10,000 Furniture Package.
In My Opinion…
EMPIRE is really going above and beyond what other builders offer as their builder incentives, and they’re clearly trying to offer something of VALUE to their prospective purchasers.
This is Wikipedia’s definition of Oakvillle:
If you’re familiar with the Greater Toronto Area, you know that Oakville is an ‘upscale’ City located approximately 20 minutes by car west of Toronto.
Here is some important information on “Rain & Senses” as well as some of my personal opinions on this new condo project:
Some say that EMPIRE is the second largest builder in Ontario, Canada by the amount of units sold.
And and as we know already, where there is limited supply, and if there is demand for this limited supply, this is what pushes real estate prices up.
The Good News…
Rain & Senses is almost SOLD OUT.
Neil
“Rain & Senses” is a pre-construction condo being built by EMPIRE, located in The Town of Oakville.
[youtube https://www.youtube.com/watch?v=WCQTWcbUPw0?feature=oembed&w=600&h=338]
The Town of Oakville is very particular with regards to dealing with Builders. As such, the town has not approved many high rise buildings to be built in The Town . Therefore, there is in my opinion limited inventory in Oakville when it comes to high rise condo buildings versus some of the neighboring towns and cities close to Oakville.
- SUITES AVAILABLE: 1 Bed, 1 Bed + Den, 2Bed, 2 Bed + Den
- SQUARE FOOTAGE (RANGE) OF AVAILABLE UNITS: 543 square feet to 1250 square feet
- PRICE (RANGE) OF AVAILABLE UNITS: $329,990 to $739,990
- EXPOSURES AVAILABLE: North, North/East, East, South/East, South West, West
- TOTAL NUMBER OF BUILDINGS: two
- TOTAL NUMBER OF FLOORS: 19
- PARKING: One parking space is included in the purchase price (additional parking available for purchase at $30,000 + HST) (What is HST? )
- LOCKER: $4,000 + HST
- CEILING HEIGHT: 9′ Ceilings
- MAINTENANCE INCLUDES: Gas, Common Element Expenses & Building Insurance (Hydro and Water is separately metered)
- OCCUPANCY DATE: June 21st 2017 (Initial Tentative Occupancy Date)
- DEPOSIT STRUCTURE: 1st Deposit (with Agreement) is $5,000, 2nd Deposit (30 Days From 1st Deposit) is the Balance to 5%, 3rd Deposit (Due On Occupancy) is 5 percent. For a whole deposit of 10%.
The common thread with these people is they are interested in buying a condominium in Toronto Canada, or perhaps a house in The Greater Toronto Area that they would live in or rent out to tenants.
To get this remarkable $10,000 Furniture Package, and to reserve a suite to purchase, email me now at neil@firstrentalproperty.com
The date in which EMPIRE will no longer be honouring this offer is March 12th 2017.
EMPIRE: Rain & Senses
In my view, the FREE $10,000 Furniture Package that EMPIRE is offering is a very good builder incentive.
I hope you are doing well.
“Detached houses in The Town of Oakville went up in value 38.4% year over year from November 2015 to November 2016.
Like the saying goes, “All Good Things Come To An End”.
So if you have some interest in purchasing a unit in this condominium project, and if you would like to get this amazing Builder Incentive, you need to act quickly. You may email me directly at neil@firstrentalproperty.com to learn what the next steps are if you want to purchase a unit.
I get asked by people what type of real estate they need to be investing in.
Sometimes builders try to get away with offering potential purchasers with cheap and not too significant incentives. That is obviously not the case with EMPIRE. I am impressed with this Incentive that they are offering, and I believe more builders should offer great incentives like EMPIRE is demonstrating here.
Sometimes builders provide special DISCOUNTS off of their purchase price or what they call, “builder INCENTIVES”. These reductions and incentives are made available through VIP Realtors (like myself).
I enjoy this new condo project for a few reasons:
Some people that I talk to are seasoned with real estate, while others don’t have too much experience.
Today I would like to talk to you about:
With this sort of dramatic increase in value, people are naturally going to gravitate towards lower priced real estate, such as new construction condos.
Hi There,
This Remarkable Free $10,000 Furniture Package Offer will come to an end soon. It’s only for a limited time.
EMPIRE is a superb builder, and people want to own property built by great builders. And of course Oakville. Oakville is a very desirable City to Invest in…
Most the people that I talk to are interested in investing in Toronto property .
Happy Investing!
One gentleman that I was speaking to last week was a first time condo buyer in Toronto Canada.
“Oakville is a suburban town in Southern Ontario, Canada. Situated in Halton Region, on Lake Ontario, it is part of the Greater Toronto Area. As of this 2016 census the population was 193,832. ”
B) EMPIRE Is Offering a FREEE $10,000 Furniture Package with the purchase price of any suite.
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The current property market is like a dose of white arsenic sprinkled into a wedding cake.
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: http://www.crei-academy.com/the-current-property-market-is-like-a-dose-of-white-arsenic-sprinkled-into-a-wedding-cake/
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
Take a bucket of piss and call it granny’s peach tea – For six years since Q3 2012, my views on the current state of the private land market remains what it is.
The scent of money in the water often contributes to a feeding frenzy. Buyers move in like a lion and come out like a lamb — constantly.
I’m not going to bore readers (and potential buyers) with painted numbers and showroom statistics to prove a point. Has the current property market taken its toll on my realism? No. I am still realistic. I just keep it secure behind a carapace of scepticism.
I am constantly amazed how current buyers act like flies drawn to light. They hopelessly believe there’s a light behind the door. And I’m the one who has to tell them the door is locked, and the bulb burned out a long time ago anyway (six years to be exact). The machine required to eat, and they were in the plate. The media and most people who lived and dreamed out the machine did not get it.
What’s the difference between a catfish and a property developer?
A man told me once that when you get towards the end of your road, you need to check at the community woodpile and choose if you added to it while you were here or if you simply took it. I sleep great at night. However, I wonder about”them” and their kind. Home developers of today are takers from the woodpile.
The developer’s tactic was clear — when strapped with land to purchase and decent property to sell, pad it with quasi-factoids. Agents further embellished the tale of easy money and by the time buyers had purchased it, any profits of profit that might have been there were long gone.
The truth never stands in the way of a fantastic story. Then, there are people who, fooled by sales agents and developer’s tagline, think they are partaking of functions based on authentic investors. Within the markets lay some inkling of the greater game that was being played, one in which current buyers were more than a pawn but under a king.
These days, everybody appears to believe in Santa Claus. How’s that? Since they believe in something for nothing. Latest buyers are exuberant into the chance of profitability, sometimes to a point beyond rational estimate of probabilities. It’s also a parable on the dangers of excessive leverage fuelled by childish exuberance by buyers and programmers alike. Many will choose to believe the whole farrago, against their own better sense.
Changing facts and fiction — it’s plausible. The”experts” could piss in a cup and eager buyers would call it wine, but I offer them pure cold water and they squint in suspicion and mutter to each other about how queer it tastes. (FYI: I recently bought a simple half-a-million-dollars selling a property bought in 2011)
Advice for middle-class private home buyers: A property showroom is a buyer’s paradise, where everything is carefully designed to allow you to crave the lifestyle that looks a lot more real on the walls than in fact.
A costly home is expensive to maintain especially one that is bought at the wrong price. In case you had one, you need to spend time in it to justify purchasing it. That sounds kind of like putting the cart before the horse. You borrow heavily against future earnings to have an expensive liability which gets you old and broke very quickly.
Advice for yet-to-be-investors: In the markets there are 3 things for you to always consider: the knowns, the known unknowns and the unknown unknowns. It’s your job to master the first two and always be prepared for the third.
Advice for current”investors” who bought properties recently: at this time, you’re no longer entitled to refer yourself as an”investor”. You may call yourself a speculator, but not an investor.
All of your life various individuals,”experts”, self-vested-interest profiteers and the likes will tell you things. And most of the time, probably ninety-five percent of the time, what they will tell you’ll be wrong. It’s a fact of life. It’s hard to know who to believe.
If you want to learn TRUTHS that hardly any property experts are willingly to disclose, check out my NEW eBook,”Real Estate is a Harsh Mistress”.
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How To Deal With Under Market Rentals?
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: http://feedproxy.google.com/~r/LandlordRescue/~3/6r_pO4RENdI/
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
1 – Illegally boost their rent somehow.
I see this as the greatest structural risk to an already precarious housing situation for tenants, landlords just selling, slowly but surely.
Happy Selling!
For many people the logical solution is simple to vote with their feet and market. Investment condos are purchased to be sold. It only takes a small disturbance in their life situation or a poor tenant to push them into cashing out their gains by selling.
4 – Suck it. Until they choose to leave, live to your existing tenants.
I frequently hear from landlords these days as landlords (especially condo landlords) are squeezed by negative cash flow, increasing maintenance fees and expenses and pitiful rent increases of less than 2 percent each year.
Meanwhile many landlords are trolling MLS looking for the lease price their condominium could get if their tenants moved out. Look at that I could find an extra $400 per month… or $600 a month… or $800 per month.
Condo landlords particularly are not even able to access the Rent Increase over the Guideline first due to the expense of the application and legal representation, it’s just not sensible. Secondly the law doesn’t allow it for maintenance fee increases.
Number 1 and 2 have severe consequences, essentially from the present environment, any monies you receive from increasing someone’s lease must be paid back, including any future rent increases based on that illegal rent increase if the tenant figures it out and goes to the Landlord & Tenant Board
3 – Sell the place, enjoy your gains.
This leaves
It was a grave public coverage error to ever depend on such fractional ownership in lieu of purpose built rental housing, which will come back to haunt our society. We need a public policy which relies on steady ownership of rentals, and doesn’t dehouse tenants each time a landlord has to cash in their condo to fund their maternity leave or end the negative cash flow.
Many landlords have also had to shoulder the burden of increases in their mortgage payments as their interest rates went up.
If you give fake see that you will move in, you have to pay the tenant one month’s rent and you have to live there for a year and you cannot sell it or lease it. Penalties are tough including a possible $25K fine. So no.
The expense of turning over the tenancy is rarely accounted for in these calculations, however; for the landlord who is constantly shoveling money in their condo, not having the ability to increase the rent is very frustrating.
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Roommate Evictions – Harsh
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: http://feedproxy.google.com/~r/LandlordRescue/~3/lQdrY6mgEi0/
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
Harsh.
Periodically I hear from someone that has a problem with a non Landlord & Tenant Board flooding, or an eviction where the Residential Tenancies Act does not apply.
As onerous as the Landlord & Tenant Board is, the procedure is well defined and ends up with the government kicking out the renter. In other evictions, nobody will help you and it is actually difficult in some instances to kick out the person.
Sometimes the Police might have to attend to keep the peace. Police don’t like it either and will often tell folks to visit the Landlord & Tenant Board. The reality is, evictions are tough and not pleasurable. In non RTA situations there is not any requirement for notice or anything. You can change the locksthrow everybody ’s clothes on the road, there are simply no rules.
Of course if the individual agrees, and you can get together, it’s easy. But if the person resists and wants to remain, the situation can get ugly.
As a practical matter, usually the individual throwing the other person out will give them some notice, like 7 days so that they can prepare and physically move themselves without a lot of conflict.
Most people find it very difficult to actually follow through and kick someone out. It’s just hard. Having said that there’s absolutely no choice.
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Property Management and Investment Properties
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: https://kcinvestmentproperty.wordpress.com/2019/03/28/property-management-and-investment-properties/
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
There have been a lot of changes in my career and the investment property business since 2004 when I returned to Kansas City. I arrived in boom. And now we’re (at the end?) in another boom.
Yes, I predict those times 2006-2008 in Kansas City. The bust began in KC when the banks stopped lending in September 2008. Needless to say, the coasts experienced the shift much sooner. Still, this is time is a little different;
- Red hot seller’s marketplace
- Low/Reasonable interest rates
- 100% loans for anyone using a 620 credit score or above
- Investor loans with 90, 95 as well as 100% LTV
- Investor loans that include rehab money
Look, I believe wholeheartedly in property investing. Owning income property is a great way to hedge inflation while earning from the 4 Benefits of Real Estate Investing. Timing can matter. If you’re planning on buying and renting property for the next three to four years I’d be super careful. If you’re planning on owning rental homes for another seven years or more, I’kindly say green light. After all, time is your friend when you own real estate.
Wow. I just realized I’ve now been working with investment properties in Kansas City for fifteen years now and before that two years in Tulsa. In addition, I have been employed as a property manager in Kansas City since 2006.
Or even a slow down in the Midwest? Does that mean that the buy, rehab and hold is still a excellent strategy…that keeps getting better? (Note that link is from 2011…can’t get those yields or prices now.) Does any of that really matter and the economy will still change here in the middle of the country?
Rental property homes are at a premium at this time. West coast (and East) are flooding in to KC driving prices higher and higher and yields lower and lower. I’ve seen this before;
- While both time had/have limited seller stock, this time there is real limited inventory…we just don’t have sufficient housing units
- The new-builds occurring are WAY ABOVE what most first time home buyers can afford
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Multifamily Financing: Divide and Conquer
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Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
There are numerous parts to obtaining a new loan that is business. Where many people go wrong is in assuming that the job of getting to closing is the job of someone else.
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Five Proactive Ways to Gain Lease Renewals
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Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
Forget about gimmicks; let’s stick with true and tried. There is a certain course of action which allows for continuity in a high rate of lease renewals and customer contact on property.
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Is EMPIRE Rain & Senses In Oakville A Good Investment?
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: http://feedproxy.google.com/~r/FirstRentalProperty/~3/HIicngoQcqM/
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
With this sort of dramatic increase in worth, people are going to gravitate towards lower such as new building condos.
Senses & rain is SOLD OUT.
Builders provide special DISCOUNTS off of the purchase price or what they call, “builder INCENTIVES”. These reductions and incentives are made available through VIP Realtors (like myself).
1 gentleman that I was speaking to last week was a first time condo buyer in Toronto Canada.
You understand that Oakville is an City if you’re familiar with the Greater Toronto Area.
I hope you’re doing well.
The common thread with these folks is that they are interested in purchasing a condo in Toronto Canada, or perhaps a home in The Greater Toronto Area that they would live in or rent out to tenants.
EMPIRE: Rain & Senses
Happy Investing!
“Oakville is a suburban town in Southern Ontario, Canada. Located on Lake Ontario, in Halton Region, it is part of the Greater Toronto Area. As of this 2016 census the population was 193,832. ”
So if you have any interest in purchasing a unit and if you would like to get this Builder Incentive, you need to act quickly. You may email me directly at neil@firstrentalproperty.com to find out what the next steps are if you would like to purchase a unit.
EMPIRE would be second of course to Mattamy. (Read About: Mattamy’s Vita On The Lake Here)
Hi There,
In my opinion, the FREE $10,000 Furniture Package which EMPIRE is offering is a very good builder incentive.
Today I would like to talk to you about:
Here is Wikipedia’s definition of Oakvillle:
Neil
B) EMPIRE Is Offering a FREEE $10,000 Furniture Package with the purchase price of any suite.
The Good News…
EMPIRE is really going over and beyond what other builders offer as their builder incentives, and they’re clearly trying to offer something of VALUE for their prospective purchasers.
This Remarkable Free $10,000 Furniture Package Offer will come to an end shortly. It is only for a limited time.
)
You will have to move quickly in the event that you want to purchase a unit in this EMPIRE community AND if you would like to receive their FREE $10,000 Furniture Package.
I am a Real Estate Broker with RE/MAX in the Greater Toronto Area.
EMPIRE is a superb builder, and people want to own real estate built by builders. And of course Oakville. Oakville is a City to Invest in…
As the town hasn’t approved many high rise buildings to be built in The Town . As such, there is in my opinion inventory in Oakville when it comes to high rise condo buildings versus some of the neighbouring cities and towns near Oakville.
The majority of the people that I talk to are interested in investing in Toronto real estate.
I like this condo project for a few reasons:
“Rain & Senses” is a pre-construction condo being built by EMPIRE, located in The Town of Oakville.
Some people that I talk to are experienced with real estate, while others don’t have much experience.
Though because the real estate market in The Greater Toronto Area is insane, move.
“Detached homes in The Town of Oakville went up in value 38.4% year over year from November 2015 to November 2016. ” – Source: RE/MAX Aboutowne Realty Corp., Brokerage
And and where there is limited supply we know already, and when there is demand for this limited supply, this is what pushes up real estate prices.
Here is some important information on “Rain & Senses” as well as some of my personal opinions on this new condo project:
The date in which EMPIRE will be honouring this deal is March 12th 2017.
Sometimes builders try to get away with offering purchasers with cheap and not too significant incentives. That is not the case with EMPIRE. I am impressed with this Incentive that they’re offering, and I think builders should provide great incentives like EMPIRE is currently demonstrating here.
Like the saying goes, “All Things Come To An End”.
Some state that EMPIRE is the largest builder in Ontario, Canada by the amount of units sold.
I always get asked.
To get this amazing $10,000 Furniture Package, and to book a suite to purchase, email me now at neil@firstrentalproperty.com
Visit FreeRealtyOnline.com to list your home for sale by owner at no charge!
Complaining to the Ministry of the Attorney General
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Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
Ministry of the Attorney General Email is attorneygeneral@ontario.ca
If you feel like the LTB is run by a whole lot of irresponsible politicians fucking with people’s livelihoods by failing to supply judges to evict their shitty tenants before their mortgages foreclose, you also can send a letter to the Minister at the following email address, or you can send images of Dickbutt to them, it’s free nation.
Here’s the letter I wrote to the Ministry of the Attorney General. Again I would like to highlight that even though landlords are helped by us, and I a run a Landlord School, these instances are with a paralegal licensed with the Law Society in good standing.
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