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#10639456 - 10/27/24 01:10 PM Re: dat real estate v.2021 [Re: furball]
Risky Business (he/him) Offline
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Some dirt peeps will do it exactly for that purpose (to flip the contract) so what he is saying is right, I wouldn't want to accept that clause unless you specify what it's for (mortgage approval).
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#10639728 - 10/28/24 04:58 PM Re: dat real estate v.2021 [Re: Risky Business (he/him)]
ehko Online   content
Quit being gay...
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I do that if I don't know if I'm going to throw it personal or business.
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#10639801 - 10/29/24 07:48 AM Re: dat real estate v.2021 [Re: Risky Business (he/him)]
furball Offline
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While the dude's a big deal in Markham, and he's a former radio host/DJ/etc .... (was Best Man at a wedding where he was the 'host' ) I find these vids he does to be pretty informative ...

 Originally Posted By: Risky Business
Some dirt peeps will do it exactly for that purpose (to flip the contract) so what he is saying is right, I wouldn't want to accept that clause unless you specify what it's for (mortgage approval).

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#10639842 - 10/29/24 10:18 AM Re: dat real estate v.2021 [Re: furball]
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Yea he knows what he is doing, way better than most agents in Markham to be honest.
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#10639843 - 10/29/24 10:19 AM Re: dat real estate v.2021 [Re: ehko]
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 Originally Posted By: ehko
I do that if I don't know if I'm going to throw it personal or business.


I've bought under corps before, buyers know at offer if they are buying under ontario inc or personal name, so in the situation where you require this clause, what can change in the 30-60 days where you are closing where you may have to flip names/why?

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#10639845 - 10/29/24 10:20 AM Re: dat real estate v.2021 [Re: Risky Business (he/him)]
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Bought 2 condos last friday, October numbers will surprise people. Inventory started moving in the last 2 weeks. Won't be a crazy month, but it feels like we are scratching the bottom of the market.
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#10639846 - 10/29/24 10:21 AM Re: dat real estate v.2021 [Re: Risky Business (he/him)]
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Agent friend of mine set a record in East York this week, sold an old semi for over $2M in this slow market \:o
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#10639855 - 10/29/24 10:57 AM Re: dat real estate v.2021 [Re: Risky Business (he/him)]
Big Tasty Offline
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That's crazy!
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#10639883 - 10/29/24 12:12 PM Re: dat real estate v.2021 [Re: Risky Business (he/him)]
c2k Moderator Offline
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 Originally Posted By: Risky Business
Bought 2 condos last friday, October numbers will surprise people. Inventory started moving in the last 2 weeks. Won't be a crazy month, but it feels like we are scratching the bottom of the market.


bought 2 to rent out? How many do you have on the run?
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Who cares

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#10639890 - 10/29/24 12:36 PM Re: dat real estate v.2021 [Re: c2k]
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To be clear, these are for clients, not for me. I got out of condos in '23. Have different plans, but condos themselves starting to make sense. You can get studios that cashflow, this is literally unheard of in the last 10 years in the GTA.
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#10640158 - Yesterday at 11:33 AM Re: dat real estate v.2021 [Re: Risky Business (he/him)]
SuPeR-MaRiO Offline
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 Originally Posted By: Risky Business (he/him)
Agent friend of mine set a record in East York this week, sold an old semi for over $2M in this slow market \:o

Wow, which street?

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#10640261 - Yesterday at 02:14 PM Re: dat real estate v.2021 [Re: SuPeR-MaRiO]
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https://housesigma.com/on/toronto-real-e...um=desktop&ign=
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#10640457 - Today at 06:43 AM Re: dat real estate v.2021 [Re: Risky Business (he/him)]
Big Tasty Offline
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Nice remodel. Wonder if the owners actually lives next door and flipped that unit or they worked with the neighbour to make a nice cohesive exterior matching both units.
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#10640508 - Today at 08:51 AM Re: dat real estate v.2021 [Re: Big Tasty]
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typically in nicer neighbourhoods people work together to keep cohesion the same as it helps resale/aesthetics, it's the not so nice areas where you see mismatches with semi's, EY is notorious for neighbours doing their own thing, then both places look like shit.
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#10640520 - Today at 09:13 AM Re: dat real estate v.2021 [Re: Risky Business (he/him)]
Big Tasty Offline
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Looking at the previous listing, they did a really good job with the flip. I would love to be able to gut my place and do a full remodel and build over the garage for added space.
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#10640685 - Today at 02:18 PM Re: dat real estate v.2021 [Re: Big Tasty]
furball Offline
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That's one baller fucking-priced home...

I was thinking of additional things to add to the home, but I guess in a flip you can't wait for those permits etc, especially when changing big things, like:
- extending out the rear deck/porch with some kind of covering (glass enclosure, roof, etc)
- Smash up the rear garage into a nanny suite/laneway home etc...

The bedroom closets are interesting too ... they're not built-ins(?) ...


Edited by furball (Today at 02:20 PM)

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