AllistonGT
Well-known member
Anyone think BAM.TO is a good buy right now?
Stocks
- Thread starter Boots
- Start date
My wife is buying some every month. Overall she's down a little. It's down about 15% from her first buy last November. DCA means overall she is down much less.
Not stocks per se...buyer beware when given promises of easy returns...
www.cp24.com
Ontario real estate investors in limbo as ‘Simple Investor’ property firm suspends payments
Hundreds of real estate investors in a company run by a media-savvy realtor that owns dozens of buildings across Ontario got a shock over the weekend when they were told their rent payments are in limbo.
www.cp24.com
Hopefully it's not a complete scam. There are a lot of red flags in that mess. Individual investors buying individual dwellings through one guy and managed by the same guy. They don't even know who the tenants are or where money is flowing.Not stocks per se...buyer beware when given promises of easy returns...
Ontario real estate investors in limbo as ‘Simple Investor’ property firm suspends payments
Hundreds of real estate investors in a company run by a media-savvy realtor that owns dozens of buildings across Ontario got a shock over the weekend when they were told their rent payments are in limbo.
Yup...so hands off they don't even know who is paying the rent.
It's going to get very dirty for many of these speculators.
It's getting worse quickly. PM firm pilfered the condo reserve funds illegally. Best case is investors own slums requiring immediate expensive repairs. Worst-case is investors own nothing other than an unsecured claim against a bankrupt company.Not stocks per se...buyer beware when given promises of easy returns...
Ontario real estate investors in limbo as ‘Simple Investor’ property firm suspends payments
Hundreds of real estate investors in a company run by a media-savvy realtor that owns dozens of buildings across Ontario got a shock over the weekend when they were told their rent payments are in limbo.
Things Are Going Off the Rails For Todd C Slater & The Simple Investor: Bankruptcy & Stripped Of Property Management Status Wow, things have gone totally off the rails for potentially over 1000… | Ron Butler
Things Are Going Off the Rails For Todd C Slater & The Simple Investor: Bankruptcy & Stripped Of Property Management Status Wow, things have gone totally off the rails for potentially over 1000 people involved with the Simple Investor Starting to look like it turned into FRAUD Yesterday The...
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If the owners of the units can get their rent paid directly, it may mitigate the damage they see somewhat...if not...good luck to them.It's getting worse quickly. PM firm pilfered the condo reserve funds illegally. Best case is investors own slums requiring immediate expensive repairs. Worst-case is investors own nothing.
Things Are Going Off the Rails For Todd C Slater & The Simple Investor: Bankruptcy & Stripped Of Property Management Status Wow, things have gone totally off the rails for potentially over 1000… | Ron Butler
Things Are Going Off the Rails For Todd C Slater & The Simple Investor: Bankruptcy & Stripped Of Property Management Status Wow, things have gone totally off the rails for potentially over 1000 people involved with the Simple Investor Starting to look like it turned into FRAUD Yesterday The...
Maybe they're not slums in need of extensive repairs (unlikely), but there's always a chance for it to not be THAT bad...
Time will tell.
It's a disaster for all involved.
On the topic of state of repair and management:
"Patrick D’Sa owns two condos in two SIREG-run buildings in the 700-block of Kipps Lane in London. D'Sa, who lives in Toronto, visited the units he owned for the first time on Monday.
He told CBC News he was shocked by the buildings' overall state of disrepair. He said he understands why tenants are feeling uneasy when approached by landlords they don't know.
He said he's taking a soft approach in his first discussion with tenants.
"I don't want to scare people and they don't know me from boo," said D'Sa. "I'm giving them a letter showing them that I am the owner and if they could contact me, we'll talk about things going forward. They shouldn't feel afraid that they're going to lose their home."
D'Sa said he's concerned about the overall financial health of the condo board managing the Kipps Lane buildings. Most condo boards are composed of owners who live in the buildings.
According to information on the CMRAO registry, directors of the boards that manage 756 and 754 Kipps Ln. each have three directors: Todd Slater, his wife Sheila Vos Slater and Michael Sackmann. When contacted by CBC News, Sackmann said he didn't want to comment and said his employment at SIREG ended last week."
On the topic of collecting rent directly:
"She said tenants understand that investors need to collect rent to cover their mortgages and other expenses, but are concerned about how the sudden change is being handled.
"We understand the owners' plight, they need to collect their rents and pay their mortgages but our legal obligation is to SIREG," she said."
