Do you Get it Yet?

I usually try to use the KISS principle: Keep It Short & Sweet.
Sometimes less is more.


If you are a Real Estate Investor anywhere in Southern Ontario (or not) you must read this recent article in the Hamilton Spectator:

http://www.thespec.com/news/local/article/581167--hamilton-hot-property

OK the article is a little long (this blog post is short) and that makes it sweet!
By now you should be getting it about Hamilton.

ed@cfiproperties.ca

I Like to Buy Quality

What you see here in case you don't recognize it is one of the most functional and durable tools I own for my bike maintenance. It is a Zefal floor pump and other than the connector hose and valve stem adapter it is all original. This pump is over 20 years old and also probly one of my most frequently used tools. It can bring my road bike tires from flat to 110 psi in 30 seconds to 1 minute.
So what right?
What I'm using this analogy for is to show I recognize quality and that's what I buy.

Our most recent acquisition was a 3 bed, 1.5 bath townhouse in a complex where I own 2 other units. The minute I walked through I recognized the quality and value and the asking price was below that value. We purchased from a bank via Power of Sale at full asking price. When the unit was appraised for financing purposes it came in at $5K above purchase price. My investors & I earned $5K in appreciation the day of closing. When purchasing one of these townhouses we normally do between $5K & $8K of renovations. In this case we spent well under $5K and that was only because we needed all new appliances and a new garage door.

We did not need new paint, flooring, or bathroom updates - all done!

Thank you Mark Loeffler, Chuck Billingsley, Kevin Boughen, and Kim Tkaczuk + all other professionals on our team for making this transaction smooth and easy.
In these volatile times choose a secure, cash flowing investment like real estate in Hamilton Ontario.
CFI Properties specializes in properties in Hamilton and you can email me any time since I am more than willing to share information.
ed@cfiproperties.ca

The Landlord & Tenant Board is your friend (Whaa...?)

I bet the title of this post caught your eye!


Well I'm here to tell you the system works, maybe not efficiently and sometimes unfairly but it does work.
Having just been to the LTB for a hearing in which my agenda was to evict a non-paying tenant, I have a new respect for their system.
We've all heard the ranting before from non-landlords or uneducated investors: 'if you have a tenant who's not paying or wrecking the place you can't get them out'.
I've decided to remove the word can't from my vocabulary but thats another story...

Situation was we closed on a property May 30th, tenant was 'hard to find' on the first and/or second of the month. Left him a note, he called me on the third explaining he hadn't gotten paid for a contracting job...(ya, no reserve funds right!) and then failed to contact me at any point until Jeff gave him notice for hearing. Then the crying really started.
On hearing day his girlfriend showed up with one month rent in cash and a promise to pay arrears by the 22nd, if not- they are out immediately by court order.
AND heres the real kicker, they promise to be out by August 31st!!!
Everything I wanted plus the rent arrears, follow the system, it works.
I used Jeff Varcoe a professional property manager to ensure the process was conducted smoothly and efficiently.
Jeff Varcoe
Cornerstone Select Properties
1253 Westview Terrace
Oakville, ON
Internet: www.cornerstoneselect.ca  
We had our hearing on July 14, less than one month after Jeff filed the L1 (June 22nd)

Two lessons here:
1. Follow the system its in place both for landlords and tenants and if payment is late issue the N4 immediately.
2. Use professional services if you're unsure of the process.

Now if you want to invest your capital securely and profitably you should be contacting us at:
CFI Properties, the home of Cash Flowing Investments.
We are the Hamilton experts. (Hamilton is now rated the #1 city to invest in Ontario by Cutting Edge Research + #3 in Canada)
And I'm never too busy for your calls or emails:
ed@cfiproperties.ca 
905-329-1460

I Believe...

I remember after spending high school in Hamilton all I wanted to do was get out of there.
Dirty steel town...
Recently I've changed my perspective and that's what its all about!
I've never been more optimistic about the opportunities today in Hamilton and today's news flash is about believing in that tremendous potential, enjoy.
http://www.thespec.com/opinion/article/551226--we-must-believe-in-hamilton-again

And by the way if you are interested in investing in some tremendous cash flowing investment properties contact me today: ed@cfiproperties.ca

I'm tellin ya its not too late...

I keep saying its not too late to invest in Hamilton in fact its just getting started! 
NOW... a guy named Mr. Hamilton and this other guy Don (REIN) Campbell tell me its too late for me !!??

OK so I've been told, now what?
Well its not too late for YOU, so take some action. Watch the video and then come talk to me, even though its too late for me I do have plenty of info and lots of deals to send your way in the #1 city to invest in Ontario - HAMILTON!!
Contact me now I have deals waiting.

Who do you depend on for your retirement???

Hi Everyone,
Todays post is just a quick note and a link to a video of  one of the first people to give me a Financial Education - Robert Kyosaki.


There are 3 basic types of education: Academic Education (school), practical education (hands on experience), and Financial Education. Mr. Kyosaki is a passionate advocate of  'financial education'. He stresses that we must learn how to secure our own financial future and not depend on 'the government' or an employer pension to secure that future.

Some of my associates have accused me of being harsh in my statements (you know who you are) but I've got nothing on this guy...
Enjoy the video:

If you want to secure your own financial future by investing in Cash Flowing Investments - thats right - Real Estate - in Hamilton Ontario rated by REIN and Cutting Edge Research as the #1 place to invest in Ontario then contact me to find out how.
ed@cfiproperties.ca

OK this is a good time/place... but isn't it TOO LATE :-o ??

Yes its been a while... on my last post I wrote about: Is this a good time to buy?
Many of you that know me have heard my tongue in cheek remarks that its TOO LATE!
Let me explain, approximately 8 months ago I was at a networking meeting for Hamilton investors. At that time Hamilton was rated by Cutting Edge Research as the #2 spot in Ontario to invest in Real Estate which made myself and other established Hamilton investors somewhat satisfied. Basically this info confirmed my own research and experience.

But isn't it too late to buy in Hamilton?
Wow! That was a zinger of a question that I received from another investor at that meeting. I was floored. That told me several things: first this person was thinking like a speculator, they wanted to get in while the prices were (supposedly) low and sell in a year or 2 as they appreciated rapidly, and second they hadn't done their own research and likely hadn't read any of the ongoing research. I tried to explain that it was not so much 'timing the market' as it was Time in the Market. Hopefully I got my point across.

Ya but what about now - its too late now, isn't it?
OK now I'm being facetious, why? Because now Hamilton is rated as the #1 place in Ontario to invest, for many reasons that I won't elaborate on. Primarily due to the economic growth, proactive planning by their Economic Development Office, and infrastructure implementation.

Listen to this: Everybody wants the best deal, at the best time, in the best place... 
I know because I'm one of them and anybody that works with me can tell you how cranky I get when things don't go right!
Instead of looking for perfection try to keep progressing by investing in areas with strong economic fundamentals, in neighbourhoods you are comfortable with, and make sure your deals have sufficient cashflow and reserves to carry through.

Are you on Facebook - Yes?
Then please go to CFI Properties and 'like' the page. Thanks!