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'Investment Opportunities' Category

“Brennan Property Investments” Of Wasaga Beach Win Two Property Investment Awards

PRESS RELEASE

“January 2012
On January 17th the Real Estate Investment Network (REIN) handed out its annual awards to Ontario based investors.
REIN awards are given to investors who excel in certain aspects of real estate investing such as leadership, top renovators, and taking action.
Andrew Brennan of Brennan Property Investments received two awards for his achievements during 2011;
“TOP PLAYER” within REIN and “ROOKIE OF THE YEAR” award
Although Andrew already had a few years of real estate investing under his belt, the Rookie of the Year award is given to the top new REIN member for the year.
The Top Player award is given to the top investors for the year. This category includes all investors within the REIN group at all levels of experience (+ 3,000 members.)
Andrew along with his wife, Sheryl, was profiled in the October 2011 edition of Canadian Real Estate magazine. The article provides details about how they invest and the transition for Andrew to becoming a full time investor.
About REIN; in 2012 the organization is celebrating their 20th year as a real estate investment group. The group is made up of approximately 3,000 real estate investors across Canada. During the 20 year history the members have purchase more then 30,000 properties with a combined purchase price of approximately $3.5 billion.”

Impressive eh? I’ve worked with Andrew as his REALTOR and invested with him as a partner ( last year we purchase a duplex and a tri-plex.)

If you would like details please do contact me for an informal discussion or Andrew directly on 705 429 6446 0r [email protected]

21 Reasons YOU Won’t Make Money Out Of Investing In Property (Part 1)

If You Don’t Buy An Investment  Property You Won’t Make Money

I’ve said before”If Your Retirement Relies More Than Slightly On Wall Street” you should be worried.

“Canadian Real Estate Wealth” magazine recently highlighted “why real estate is the smartest investment in 2012.” Here are the first 7 reasons why investing in property makes sound financial sense:

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Are You Worried “If Your Retirement Relies More Than Slightly On Wall Street”

Investing In Property At Any Age Can Dismiss Those Worries

Huge numbers of us grew up believing that a safe job with a pension was the way to go. Anyone still believe that after the economic woes of the last few years ??

The model is broken. It doesn’t work. People are having to work longer because any pension they do have is not enough.

Real Estate can be the answer. Read the rest of this entry »

Fix, Re-Finance & Rent Investment Opportunity

“A child has no doubt believing the unbelievable nor does the genius or the madman. It’s only you and I with our big brains and our tiny hearts, who doubt and over think and hesitate.”

Steve Pressfield “Do The Work”

Hows the pension fund or RRSP’s doing? Not so good? Yes I know you really want to invest in property but what if it goes wrong? Work and family take up all your time but you will buy an income generating property one day.

There’s no doubt that buying your first investment property is a HUGE step. All investors feel the fear when they set out.

Maybe a joint venture with an experienced investor is the answer. The expert does ALL the work and you sign a cheque and can look forward to returns that the stock market can only dream about.

I don’t recommend people lightly but with Brennan Property I have put my money where my mouth is and recently purchased 2 homes through joint ventures with Andrew Brennan. The hands off investing approach works for me and my family and I have absolute faith in my new “business partner.”

Andrew currently has a very interesting opportunity available to buy, fix and refinance on a home in Barrie.

Take a look at the details and contact me if you have any questions or Andrew directly on 705 220 5166; [email protected]

Click here for full details: Barrie Fixer Upper Investment Opportunity

What Has A Virgin Sex Therapist To Do With Real Estate?

Now There’s A Title To Get You To Carry On Reading

Now “if” you were to visit would he or she be a virgin; I think even hypothetically we can all say “no.”

What’s this got to do with investing in real estate?

Just think about the underlying principe for a moment and ask yourself:

“Is my accountant a property investor?”

“Is my mortgage broker a property investor”

“Is my lawyer a property investor?”

“Is my REALTOR® a property investor?”

Seems to me to be of the most help they should be. Food for thought eh

Looking For A Real Estate Investment Opportunity With 70% Annual Return On Investment ?

Professional Property Investor Andrew Brennan Of Brennan Property Inc., Can Provide The Answer

“Armchair Investing” is just a dream for many people. Brennan Property Inc., can make it a reality. As we all know for many people normal day jobs and commitments can leave little time to find an investment property let alone manage it.  I have worked with Andrew for over 12 months and can highly recommend him as an investor to work with.

He is currently working on his latest project at 23 Ashdale Court in Barrie and looking for an investor to partner up with.

Below is a brief summary of the expected return. Click here for full details.

What To Do If A Tenant Doesn’t Pay Part 2

How to Evict

In Part 1 we found that the tenant has 14 days to pay after a N4 form has been issued. During this time the landlord needs to be communicating with the tenant. A missed payment can be a genuine mistake and although the N4 always needs to be sent, if payment is received it becomes void.

What happens when the 14 days are up?

A L1 form needs to be served immediately.

The eviction process can take 2 to 3 months. That is 2 to 3 months with no income so the importance of starting the process with the N4 as soon as possible is obvious.

The L1 will lead to an official hearing but before that the Landlord & Tenant Board have a mediation service. Here a repayment plan can be agreed. It is critical to keep good records as the landlord will need to disprove any denials the tenants may make in front of the board.

If a course of action cannot be agreed then there will be a hearing to evict the tenant. Most of the work can be done by the landlord but it can be worth hiring legal representation if significant amounts of money, drugs or violence are involved.

Simple cases of late payment are often sorted out by the N4 form as this opens up discussion so don’t hesitate to serve the legal papers.

What To Do If A Tenant Doesn’t Pay Part 1

How To Make Sure You Receive That Rent Cheque

Invariably a new investor’s first question is “what if we can’t find a tenant?”

The second question usually”what happens if the tenant doesn’t pay?”

Well you’ve found a tenant and carried out the screening checks as best as possible but the rent cheque is late. What to do?

The most important thing is to not to wait but take action immediately.

The Residential Tenancy Act in Ontario allows landlords to serve notice of late payment. Learning the process sooner rather than later will be time well spent even if (hopefully) you never have to use it. The arrears of rent application form can be completed on line and is known as a N4 form.

The form is easy to fill out but must be served in the right way; you need to ensure the tenant receives it and just leaving it under or stuck to the door is not enough. Hand deliver in person or use registered mail.

The tenant then has 14 days to pay or the landlord can serve notice to evict (a L1 form.) NOTE day 1 is the day AFTER the N4 form has been served.

If the tenant pays within those 2 weeks then everything goes back to normal and the N4 is void. If over a 12 month period the landlord has to issue several N4′s but always gets the money with in the 14 days then an eviction notice can be served at the end of the tenants fixed term. That’s why it’s important to get the N4′s on record and build up a history of late payment.

In the case on non payment eviction can take up to 3 months so the earlier the N4 is in place the sooner eviction can occur. Remember that’s 3 months without income from the property so you want these people out and new paying tenants in. Even if part payment is offered and the rest promised later then still serve a N4 in case the 2nd payment doesn’t arrive within 14 days and you have to evict; take the part payment of course.

Next the eviction process.

Screening For Good Tenants To Rent Your Investment Property

“What If We can’t Find A Renter?”

The most common question I am asked by new investors looking for their first income generating home. Don’t worry the renters are out there especially if you buy the right house, at the right price, in the right area.

The next question invariably is:

“What If The Renters Trash The Home?”

The key and it is very obvious is to find the right tenants.

I’ll be honest you can never be 100% sure but a rigorous screening process will cut down the likelihood of any problems. I will add hear please DON’T listen to the story about your aunty’s second cousin’s friend who had a investment property and it was trashed; as in all walks of life people always relay the bad news.

Anyway back to the screening process:

1. The first step is to get the Tenant Application form completed with Signed Consent permitting you to do a credit check, reference checks and employer checks. If prospective tenants are even hesitant about this then run a mile from them. Make sure all children and pets that will be living in the property are named on the application.

2. Confirm their identity by asking for their Drivers License.  The license should confirm they are who they say they are and that the address on the license matches the address they’ve given us and shows up on their credit report.

3. Credit History: The score matters but it’s really not just about their credit score. Use the credit report to see if they are responsible and don’t have a load of people after them for payments or if there are any gaps in their credit history which could be an indication of a bigger issue (prison anyone?) Don’t be put off if their credit isn’t perfect though as long as their use of credit looks responsible

4. Income and Employment Verification: this isn’t always straight forward as employers may reluctant to give out too much information. At the very least confirm that the prospective tenant(s) are employed where they say they are and try to get as much detail as possible. Double check that the phone number for the employer on the application is correct and not a friends!

5. Rental History: you want to see how often they move. If they have moved a lot then, unless there is a good reason the moving will stop, you can expect a short term tenant.

6. Do they have a story?  Are they blaming other people for their situation or poor credit? Are they giving you a big story about their last landlord being evil?

Although not scientific I am a great believer in going with your “gut” instinct if something doesn’t ring true

7. The best tenants I have found show up with all the paperwork ready even before filling in the application; they are serious about wanting to rent. Again you get a feeling for someone if they are on time for an appointment, return calls or get information to you as promised.

8. Check personal references but be aware that a friend may lie. Similarly current landlords may not be truthful as they may want to be rid of the tenants!!

It will be obvious if there are a number of red flags with these questions. Equally most tenants in my experience are fine and this will be reflected in the screening process and face to face meetings.

How To Work With A Partner And Invest In Real Estate; Real Life Figures

Another Success Story From Brennan Property Inc.

Andrew Brennan lives in Wasaga Beach and is a very successful property investor. He works with partners who provide the financial backing whilst he takes care of everything else.

Many of us want to invest in real estate but don’t find the time to do so because of work and family commitments, “life” gets in the way.

There is also the “fear factor.” Investing in property means taking on debt, something we are all told to avoid as we grow up. It is though GOOD debt. Still it takes courage to make those first steps in to the world of real estate investment.

Working with an experienced investor is one solution. Read here how a partnership with Andrew works.

Below is the breakdown of his most recent project. The before photos of the home are on the left.

Click here for the breakdown on a previous investment.

Andrew Brennan is offering a finders fee to anyone who recommends him to an investor and he purchases a property with that person. The amount is $500 payable at time of closing.

Contact Brennan And Associates [email protected] or 705 429 6446.

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