Chase Realty Inc., Brokerage
398 Wilson St. E, Ancaster ON
Robert J. Morrow: Editor & REALTOR(R):
firstname.lastname@example.org (905) 536-4644
Hamilton Home Review:
Copyright 2010-2018 Robert J. Morrow
All investor purchases are brokered by a licensed real estate agent who is a member of Venture Property Investments, the Canadian Real Estate Association, and the Ontario Real Estate Association As such, they are bound by the code of ethics and fiduciary commitments required by Canadian law and Organized Real Estate.
Client Question: My partner and I own six rental houses and a duplex. We want to continue to grow our real estate portfolio. With house prices stabilizing and interest rates creeping up again, should we sit tight or continue to buy more homes? more
Perfect for the investor who wants to do a full reno job. Up and down, this home is ready for the renovators touch. Apx $85,000 needed but at this price, it's a no brainer. Great walkout for lower level tenants.
50 Janet Ave. $399,000
This is a hybrid investment. It doesn't need a full gut top and bottom but elements of each floor needs some work. A kitchen upstairs and down would be necessary as would laundry and separation. However, total costs would be lower than a full renovation.
Our good friend, Andy Tran, is quickly becoming the leading authority on second suites in the area. Here is just one of his blog posts:
Many investors are starting to take a more serious look at short-term fully furnished rentals as an investment strategy, mostly through Airbnb. This may be due to certain landlord-tenant restrictions under traditional leases, or the problems some investors have had with their long term tenants. more
Brantford is now considered one of the hottest markets for investors... Especially those choosing to buy single family bungalows and turn them into duplexes.
Join us Saturday, Jan 26th at the Holiday Inn Express off Garden Ave. For a quick meetup where we'll discuss Brantford's potential.
Then we'll go out and see a few homes; some that are are various stages of development (thanks to our friend Ken Beckendam of King Homes), and some that are available for you now!
The Canadian Real Estate Association's projections for 2019 can be viewed two ways:
1) If you are looking to sell your investment this year, perhaps you should wait until the market recovers. This is one of those years where profits will not exceed inflation rates and thus, is not a good year for selling. Rents are at an all-time high, however, so it's a perfect time to maintain the investment.
2) This is an ideal time to buy new properties as competition is lower. Most first-time buyers cannot enter the market and many investors are nervous about projections. However, if you recall the Venture model for building wealth, you'll realize this is an ideal time to buy single family homes for duplexing. Here's the article on the declining sales projection.