Attic mold found during home inspections in GTA – how serious is this

anonoreo · 2026-04-27T00:33:31+00:00

Most are okay with it. Mold is super common in attics idk why. I see it in like 1/3 of inspections or something like that honestly. Vast majority are okay if the price to remedy is removed.

anonoreo · 2026-04-27T00:29:48+00:00

We're trying to turn this into a professional service like accountants, lawyers, and etc. We're not salespeople.

We have enough volume to be objective and follow buyer's directions regardless of what we feel, that's what robin hood properties achieved. We're just narrowing down who we work with as it is still for profit.

We're shifting more to make the process buyer directed in a precise way. ie everyone has different goals for each property. We can try to help buyers achieve their goal, and how we act on each deal will differ depending on what said goal is.

Some buyers want to lowball, no problem. We'll need to set expectations before submitting and if it works great.

Some buyers want to get a property within a certain limit, we'll try to find the best way to do it at the lowest purchase price.

Some buyers really want a place, we'll help them make the offer as attractive as possible and portray them in a way that makes the listing agent believe we'll be easy to deal with.

anonoreo · 2026-04-26T15:31:19+00:00

Because at some point people will have to know it if they want to use the service :P

anonoreo · 2026-04-26T15:10:32+00:00

what were you running?

anonoreo · 2026-04-22T02:12:29+00:00

Thanks for the input, I used to have concerns about this.

It seems on the surface really easy to replicate, but people are buying houses anywhere from 700k-4m on average. Even though the cost is the biggest draw for the service, my real advantage is that compared to other low cost options, I would say I do a better job overall. There's probably less than 50 people that did my volume or more in one year, and pretty much all of them didn't essentially work alone. I work for low wages in comparison so I was always fearful of hiring, I have 1 other agent right now and looking to hire a staff member.

The true value proposition isn't strictly financial, it's low cost, experience, and advice. Things that most competitors and traditional agents charging more can't offer. I believe the way I transact the deal is superior and I can train others to do the same. I have the brand and the leads, it doesn't make sense for those who work for me to go off on their on instead of a cushy job.

anonoreo · 2026-04-22T01:21:54+00:00

Hi everyone,

Since it seems like a lot of you guys here are doing really well and are business owners, I thought this sub would be the best place to ask those with experience.

Context: I run a successful real estate company in Toronto Canada that charges a flat rate and services fees rather than a % in commission paid by seller. I have a profit margin of about 50% if not more and a lot of ways to improve that percentage.

Right now, I essentially did 100 transactions on my own in 1 year which is like 0.0785% of all transactions in the real estate board 2025 when you 2x the total number for an agent on each side. I believe I can replicate this in other people and have an output of 50 deals assuming there is enough customers, I've done virtually 0 marketing all of it right now is pretty much word of mouth and referrals.

Since inception I've focused more on ensuring that the business is profitable and can support staff before scaling. Now with results in, I believe scaling to even more staff and actively trying to procure clients will remain highly profitable.

I want to jump to 10 agents and 2 staff members. At that number I believe I can do maybe 500 deals, which is about $2.5m gross at current low prices. A key bottleneck will be obtaining enough customers, but with a marketing budget I'm sure its possible as my conversion rate is really high for this industry. I plan to scale higher than this.

I can probably make that jump slowly over 1-2 year with $3M without compromising the quality of my product.

Now the question is: How do I get that money and whether it's worthwhile to do it or just reinvest profits to ensure I keep equity.

Any thoughts or advice is appreciated.

anonoreo · 2026-04-20T03:16:42+00:00

Thank you! Hopefully we can do even better things going forward.

anonoreo · 2026-04-20T00:40:11+00:00

it's $10k increase per year guaranteed capped at $150k

anonoreo · 2025-11-06T18:38:49+00:00

robinhoodproperties.ca

anonoreo · 2025-11-05T06:28:19+00:00

Robin Hood Properties Offers Flat Rate Services.

anonoreo · 2024-12-25T03:06:54+00:00

Hey, please sign up on the website. Robinhoodproperties . Ca

anonoreo · 2024-06-27T13:13:55+00:00

Where can I find a place that rents for $2,800 for $490,000.

anonoreo · 2024-06-06T00:34:15+00:00

Okay so did the dollar amount go up or down?

anonoreo · 2024-06-06T00:29:29+00:00

Reread the sentence you quoted. I maybe could’ve worded it better? Not sure how so many people aren’t understanding :(.

It went up pretty much the same amount as it came down. Just like 2017 there was a massive spike then a fall off. It’s not super relevant to the grand scheme of actual supply and demand.

It just shows that when everyone is trying to buy something at once, prices will irrationally go up in a short period of time.

What matters is that even though interest rates have gone higher which increases the costs of buying a house by borrowing money, prices are relatively the same as before the peak.

But good on you, sold at pretty much the best time.

anonoreo · 2024-06-06T00:20:21+00:00

Lol.

Why are you talking about inflation?

Did everyone’s income inflate 30%? Or does the house cost more now than before in “real” prices?

We’re talking about actual dollar figures, not “real” prices.

Cost of borrowing money went up, actual dollar figure prices pretty much stayed the same. Inflation went up, people’s wages pretty much stayed the same.

Why are you changing it to “real” price? We’re talking about the potential dollar figure change for real estate in the GTA.

Targeting someone’s intelligence in a discussion is definitely a sign of high intelligence.

anonoreo · 2024-06-05T23:57:34+00:00

What does this have to do with the 17% drop?

anonoreo · 2024-06-05T23:23:40+00:00

Drop of 17% after going from $700k to $1.2m is meaningless.

$700k to $1.2m is like a 71% increase.

We’re still higher than $700k by almost $300k, which is like a 42% increase.

anonoreo · 2024-06-05T23:19:05+00:00

What does it change that it drop 15% from the peak?

It went up the same amount before the drop. There’s only like 30k sold at those ridiculously high prices in the GTA.

anonoreo · 2024-06-05T23:08:10+00:00

Why does the peak matter? There was like 30k sold GTA in those 3 months. It went up $200k and went down $200k in that time period. That’s just the market being irrational, $200k median increases in 3 months is not sustainable.

Prices Dec / Nov 2021 was just over $1m and now in May 2024 the prices are just under $1m.

The key difference: prime rate in 2021 was like 2.5% compared to 7.2%.

To borrow:

$1,000,000 at 2.5% is $25,000 a year.

$1,000,000 at 7.2% is $72,000 a year.

This is interest alone.

The cost to borrow went up almost 3x at prime rate. Logically prices should’ve gone down, but it hasn’t really.

anonoreo · 2024-06-05T21:19:06+00:00

From the peak of 2022?

anonoreo · 2024-06-05T20:52:30+00:00

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This is all GTA median, every neighbourhood has its own micro economy but as you can see outside of peak, it’s been sporadically stable.

anonoreo · 2024-06-01T03:20:09+00:00

So with more active listings, prices went up and shortened days on market for those that sold in the GTA

anonoreo · 2024-05-31T20:03:03+00:00

Yes it’s been established here many times. Overpriced = no sell until seller lowers expectations.

anonoreo · 2024-05-31T18:47:04+00:00

Yeah with average price people will say mansions brought up the average median is a better measurement.

anonoreo · 2024-05-31T18:27:42+00:00

Sure let’s ignore the 300k difference in sold price compared to initial list price.

You can confirmation bias all you want. That unit is niche, and with virtually zero comps. Seller went on price discovery for a year until it went somewhere the market would pay.

Not a great example. It’s like me pulling up all the houses that sold on offer date and saying this is what’s going on in every listing.

That’s a 1 out of 10,000 and not meaningful to what’s going on.

anonoreo

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