Hi, I hope this email finds you well. My fiancé was accepted to do her medical residency at mcmaster so we will be moving there in the next few months. I am interested in buying an investment property. Anything from a 300k multiplex to a 800k multiplex. I realize that is quite a range but maybe you could point me in the direction of a realtor that can help me with this? Thanks! Reply
I hope this email finds you well. My fiancé was accepted to do her medical residency at mcmaster so we will be moving there in the next few months. I am interested in buying an investment property. Anything from a 300k multiplex to a 800k multiplex. I realize that is quite a range but maybe you could point me in the direction of a realtor that can help me with this? Thanks!
I may be able to assist you. Contact my assistant Maria(at)mrhamilton.ca and she’ll set something up.
Was just told about your website and business through my chiropractor today and glad we talked. I am a property owner in the Locke street area and always looking for more knowledge and ultimately more properties. Would love to pick your brain on growing as an investor who’s in his twenties without the most cash flow but the time and skills to work at it. Hope to hear from you soon.
Very cool! Email my assistant Maria(at)mrhamilton.ca and she’ll set something up. Note, I’m really really busy but I do like to take lunch and can be more available should that lunch be free 😉
I have been considering investing in Hamilton. I have several properties and regularly read Don Campbell’s blog and his research reports. Needless to say, I am a serious investor. I am out of town (Ottawa) and would like to get a feel for current cash flow properties (i.e. condos, towns, multis) on the market in Hamilton.
Could you give me an example of previous or potential transactions that demonstrate cash flow. Looking for the best area (i.e. Go Train, regentrification) and tenants perhaps to be students or professionals.
Your assistance would be appreciated.
Hi Mark, I’ve had quite a number of folks from Ottawa contact me looking to invest in Hamilton. All REIN members but I think the distance has proven to be a problem for them… hopefully you will be the one to break the trend. Best area means different things to different investors based on your financial resources, target tenant profile, goals, etc.. Hence a neighbourhood with Go Train plans with student or professionals doesn’t exist.
Have a drive around the neighbhoods of West Harbour and Stoney Creek (planned Go locations) and you’ll see for yourself those neighbourhoods are no where near a post secondary school or nice enough where pros want to live.
Hope that helps!
I am looking all over for a good place to invest in income properties. I am from Calgary. I don’t know much about Hamilton but have heard many articles saying it is a place that is due to rebound. I also don’t know whether to try to get cashflow thru SFH/townhouses, multiplexes or Student rentals.
I currently own a student rental in Windsor and it is rented year round and managed by a property manager. I pay the utilities and charge rent to the group of students and get $350/room. Is something like this viable in Hamilton? Can it stay rented over the summer (possibly at a slight discount) or do you like other types of investments more?
Please email me and if it’s easier we can chat over the phone. Thanks
I was just in Calgary 🙂 no investment properties available out there?
Cashflow in Hamilton is best achieve via student rentals as multis have been bid up by the frenzy of investors from the GTA.
Our prices for student housing I’m confident are much more than windsor since this is Hamilton.
Student rentals can absolutely stay rented over the summer once a property is up and running. Anyone who tells you different have A) a poor condition property B) don’t know how to market a rental.
Hope that helps!
Just wondering what you think about the upcoming discussion in Hamilton Council on September 18th around rental licensing. Are you participating in anything my partner and I could join to work against passing any such legislation? We have contacted our city Councillor and will be meeting with him to discuss his position and to let him know where we stand. Please let your Hamilton investors know that this could add an as yet unknown initial fee and an additional $461 per unit per year if the follow suit with Windsor (another city in the top 4 cities to invest in Canada). I suspect they’d like to cash in on the coming real estate boom. In the off chance that you’ve missed it the article is at The Spec (http://www.thespec.com/news/local/article/784775–rental-licensing-battle-looms).
Hope all is well.
Sorry, not Windsor, Waterloo.
Thanks for the article! I posted the link last week to my FB and twitter. I’ll definitely be in attendance. At this point, I don’t have a full understanding of what is being proposed but will be keeping you and all my readers updated with what I learn.
My thoughts are the same as Augie’s in the city is not doing enough to create affordable housing. 90% of the multi-family properties I see do not conform to zoning let alone ESA, OBC, Fire Code, etc… and the city is fooling themselves if they think they can shut down all the owners. Tenants vote too and they’ll feel the pain of licensing as well. It’s not like they can continue to live in a unit while it gets reno’d for firecode or electrical updates.
I would like to see the city soften their zoning requirements if the property is already a multi and conforms to ESA and fire code (or will conform in the near future).
Hi Mr. Hamilton just sending out imformation to drum up new clients. All the best Rob McArthur
I hail from Oakville and am a professional mom :). Seriously, I am a REIN member since April 2012 and very interested in buying my first property in Hamilton, either a single family or a duplex. My goal is to have a minimum of 3 properties in the next 2 years. I love you blogs, funny and informative. Hope to do business with you! Thanks for your time.
I’ll be at the REIN meeting on Thursday. Please come by and say hi. I’ll be the one in the Hamilton Tiger Cats jersey 🙂
Hi Erwin, I currently own a couple student rentals in Waterloo and I’m very interested in getting into the Hamilton market. I don’t have a realtor and would like to work with you guys in getting listing information, recommendations etc…Thanks and look forward to hearing from you soon.
If you like Waterloo for student investing, you’ll appreciate our less expensive price per bedroom here in Hamilton. Email my assistant Maria (at) mrhamilton.ca and she’ll start the process.
I am interested in investing in Hamilton.
I have been reading a lot on the internet and was impressed by your video.
I am looking to spend up to a million for my first investment there and that could be in a number of triplexes or one large building with many units.
I will be looking for the strongest up and coming area in Hamilton.
The number I am hoping for on my return of investment per year would be 10% and
I will also be weighing that up against the actual land value appreciation.
Thanks for your time