David Bertolo

@jamieoliver Mushrooms

What's a food you didn't like as a kid that you LOVE now??

@FinPhilosopher Real estate investors generated wealth from appreciation not cash flow. Having said that the appreciation outlook isn’t very promising as of today imho

This house just sold by me for $572k (inside needs a remodel) They immediately listed it for rent at $3,100 a month Based on a 20% down payment at 8% interest + taxes and insurance, their monthly mortgage payment is around $4,000. How is it worth it to buy and rent out a house losing $900 a month before additional expenses worth it??

@cadeinvests When the amortized annual cost is less than the annual cost of repairs

When should you get a "new" vehicle?

@Dale83041803 @CamCassidy The landlords that changed the locks did not have paying tenants. They took action cause they wouldn’t wait 8 months for a hearing

@WithBertolo @CamCassidy Yes, but the original post was about tenants who were current, and paying. This would be more than a $20,000 fine after punitive damages were considered. This is horrible advice.

I think a lot of Ontario landlords want to sell but can’t because they have tenants paying below market rent. Nobody wants to take over a tenant even if moving into the property Cash for keys is always an option but most landlords think that’s extortion and won’t even consider it

@XXBasedRights It’s a LLTB violation. Identical to not paying rent. Police were called and couldn’t do anything. They were advised to deal with the LLTB.

@WithBertolo Isn't that illegal?

The last 3 lease deals (represented the landlord) were all accompanied by a voluntary full year of rent up front.

@XXBasedRights @CamCassidy Is it cool that the landlord needs to pay mortgage, taxes, and even utilities in this case and tenants haven’t paid a dime of rent in 4 months?

@WithBertolo @CamCassidy That's just evil. I hope karma comes hard and fast for those scumlords. Imagine bragging about throwing a family to the streets & thinking this is cool? Anyone who gloating about this possibility is also fucking evil.

@CamCassidy Yes, but within those 6 months if they sell they will probably still end up ahead if they are fined $20k. They could sell a clean, vacant property and before prices drop further. + they were problem tenants (not paying rent).

@WithBertolo And that landlord would get crushed at that hearing. I can see more of this happening though as landlords lose their shirts

@kbessey @CamCassidy You could sell but with tenants that are paying well below market prices it makes it difficult to get a decent offer. Tenants will also try to Sabotage the sale.

@CamCassidy Lots in #vanre still think they can get rents from this summer—which were cashflow negative anyway. There are going to be some interesting decisions to be made in November. Why can’t they sell? Fixed terms? Can you not sell in ON even if the lease is month to month?

@SelfMadeMastery Home Depot - for no other reason than it’s closer to home

Home depot or lowes?

@TroyTheFIREGuy Lots of networking. Book lunches/drinks with ppl that are influential in the company and express to them your ambitions within the company. Also ask them for advice.

I’m pushing to get promoted in the next 6-8 months. What tips do you have for me?

Steps to a happy and financial secure life: 1 - make friends/relationships 2 - make money 3 - make investments

@Sanghera__Aman That sucks but it is bound to happen in this business. Stick with it and you will also get lucky as many times as you get burned so it balances out!

My first month as a realtor, I helped a lady for almost a week non stop. Showed her the best areas of investing went over everything. Even showed her 15-20 properties. Found a place that she loved and numbers worked. She called me next day told me she found a place from a friend.

5 year fixed rates have gone up by 1% due to bond yields over the past 2 months yet gets far less attention compared to the BoC rate announcements which impacts variable rates (that no one is signing up for). 🤷‍♂️

Real estate listings are on the rise, properties are taking longer to sell but the ones that sell are fetching good money. I’m not too confident next months deals will be as favourable for sellers

@Invested_In_You @PriceAvocado Great illustrative answer to the question 👏

@PriceAvocado Just made a tweet about this

How do you differentiate rich vs wealthy?

@DvdndDiplomats Yes, but not due to the dividend

Would you ever purchase a #dividend stock with a dividend yield below 1%?

@hayleyinvests Laurentian Bank of Canada

Name a stock you've sold that you're glad about

Team sports are extremely beneficial to a child’s social development! Some things are learned on the playing field that simply aren’t taught in school.