Hey Guys/Gals,
:help :help :help :help :help :help :help :help
Need some Help Again… Love this Forum, What a great place to bounce Idea’s off of one another!
Any-Ways Here’s The deal…Well or lack there of!
I have been an investor for about 5 years now, some ups and some down… But More Down lately then ups…
Clients are few and far between… ( I meen Good Deals to buy and Make any $$$$).
I live in south-westeren Ontario Where jobs are very skairs and people litraly seem to be fleaing out of the city… I thought this is when we (investors) are suppose to get all the good deals?
Any idea’s how to pick up these “great deals”???
Do lots of Advertising But to no advail Every one that comes to me Are either in to deep or not motivated enough???
I get 15-25 prospect a week to work with and try to make a deals go… But the same thing “not motivated or In to Deep” (note: in ontario short sales realy Dont happen so just forget that idea, I have tried over a dozen times)…
Am i just in such a poor market here that nothing will work?
These are the stumbling blocks:
-High vacancy…(15%plus)
-very high Collection Loss (15-25% plus)
-rental board is totaly one sided with tenants!
-Class of tenants are poor and hard to even find anyone that pays.
-If you were to pay 50% of market price you would still be Upside down in cash flow!
- High unemployment = very little buyers to flip, and hard to get anyone mortgages…
-Try rent 2 own, No one have any down-payment…
These are just a few off the top of my head…
Any sugestion would be great!!!
Thanks again.