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(Free) Canadian Real Estate
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Canadian Real Estate Investing
Private • 115 • $299/m
5 contributions to (Free) Canadian Real Estate
Oct 6 in
Commercial Loans for Residential Properties
Hey everyone, Curious to know if anyone has gone for a commercial loan on a residential (1- or 2-unit) house before. Any strong reactions for or against this? Residential mortgage isn't an option at the moment, but we have a place purchased with cash that we're planning to BRRRR. Cheers, Colin
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New comment 26d ago
0 likes • Oct 16
@Colin Sharpe I thought Commercial lending started at 5 doors or more unless you are grouping several buildings together into a package... but I am a Realtor and not a Mortgage Broker so I defer to those with more knowledge and experience.
1 like • 26d
@Hao Lee I think both may apply. A 5plex or more i think is Commercial lending and your bank may have capped you out for the number of buildings as well. I hope this helps.
Oct 8 in
Realtor recommendations in KWC
Hey everyone, I recently moved to kitchener and looking to buy my first home here.Looking for realtor recommendations in the area Thanks
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New comment Oct 16
0 likes • Oct 16
Hi Karanbir... I am a Residential Real Estate Broker with Coldwell Banker Peter Benninger Realty in Kitchener since 2008. Feel free to check out my google reviews you can find a link to them on my website at www.bevhepburn.com
Feb 23 in
Welcome, Start Here!
Thanks for joining, were super excited to have you here. The purpose of this group and challenge is to help you break out of the habit of consuming information without taking action. Great deals are just around the corner and some are already happening, so now is a perfect time to switch from a season of information gathering into a season of action. To take part in this challenge, watch this brief video attached, then return to read the following steps! 1) Watch the video below if you haven't yet. 2) Comment on this post with a brief description of who you are, where your coming from, and when your looking to invest! Include a link to your social media as well for networking. 3) Navigate to the calendar and mark the live call times in your calendar. If you can't make the live call times, the recordings will be posted under the classroom tab within 24 hours. Whoever posts their proof of work homework on the follow up posts before the March 9th 5:00PM deadline will be entered into the draw. We'll explain further after the first challenge call on Mar. 4th at 12:00PM Looking forward to chatting with everyone again soon.
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New comment 6d ago
2 likes • Jul 24
Hi everyone: I am Bev Hepburn a Real Estate Broker with Coldwell Banker Peter Benninger Realty in Kitchener since 2008. My wife and I own two fourplexes and a triplex and a couple of years ago helped our son to puchase his first home by him living in the basement and renting out rooms on the main floor to pay the mortgage. My office is in Kitchener and I work the KW area but live in Stratford so I do some work there as well. Our rentals are in Stratford and Mitchell Ontario. I am hoping to learn and grow with the group to expand our portfolio. I have been listening to the podcasts and enjoy them.
1 like • Sep 20
@Stanley Waliczek Welcome Stanley... if I can ever be of assistance feel free to reach out. www.bevhepburn.com Bev Hepburn
Jul 22 in
Rent control
Hi all, I have a quick question regarding raising rents. If I were to purchase an investment property, am I able to immediately increase rents to market value if they are very low? or am I limited by the 2.5% increase per year? I currently live in Ontario, but how would this differ between provinces? (This is for properties older than Nov 2018.)
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New comment Jul 29
1 like • Jul 24
I agree that in Ontario you will be limited to 2.5 percent this year but keep in mind that you can only increase once in a 12 month period so if the current owner recently did something you cant. Not sure about other provinces though. What area of Ontario are you in Youssef? Bev
0 likes • Jul 29
@Youssef Shenouda Unfortunately tenant rents not keeping up with the market are a problem everywhere. Finding a property that will cash flow is difficult to say the least. My preference is a empty building but even then sometimes a sellers expectations are not realistic when you look at the potential income that it could produce. If I can ever asist you in the KW, Cambridge, or Stratford areas let me know. Bev Hepburn. www.bevhepburn.com
Jul 3 in
Multiplex Event - Early Bird Tickets - August 22nd at UofT
We're hosting an event about multiplexing with rehousing.ca at UofT. You'll learn EVERYTHING you need to know about MULTIPLEXES at this event. We're offering early bird tickets to members of this group. Link below. Hope to see you there. https://www.eventbrite.ca/e/unpacking-multiplexes-tickets-936523816947
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New comment Jul 28
0 likes • Jul 24
Is this on home conversions only or does it include building new purpose built multi-family? You mentioned on the podcast that you might stream it or record it. I live in Stratford so it would be quite a drive to get there but not impossible depending on the content.
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@bev-hepburn-3595
Real Estate Broker with Coldwell Banker Peter Benninger Realty Kitchener since 2008.
Investor in small multi-family in Stratford and Mitchell.
Active 9h ago
Joined Jul 23, 2024
Kitchener Ontario
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