Recent content by Caleb West

  1. Caleb West

    37 unit , 11% Cap

    This solid deal is in Chicago , it’s being inspected September 10th and our goal is to close by the end of September It’s a limited partnership set up , we can help you with your US Corp set ups as well as your cross boarder tax process as well as legal. 1.3 list price we will close at 1.195...
  2. Caleb West

    Real estate agent and mortgage broker for investment property Victoria and Cowichan Valley?

    Hey deco Email steve@thereinvestors.ca He’ll be able to point you in the right direction Sent from my iPhone using myREINspace
  3. Caleb West

    Minimum Cash on Cash rate & Cap rate

    Island buys are usually appreciation heavy and cash flow poor. Sent from my iPhone using myREINspace
  4. Caleb West

    Flex Down Mortgage

    Hey rob It’ll be harder to get a great rate from a big bank on this, we had lots of push back. A readvancable Mortgage is a great way to go as well imho Sent from my iPhone using myREINspace
  5. Caleb West

    Reuse down payment to qualify for more mortgages?

    Hey deco Step 1 Liquidate all existing assets from non-registered accounts and apply it towards a down payment for the next step. Step 2 Obtain a re-advanceable mortgage from a reputable financial institution, which allows you to pay down the mortgage and increase the credit limit (HELOC)...
  6. Caleb West

    The importance of choosing an Investment focused realtors

    Hit up James Knull Mogul realty , he’s won rein realtor of the year for 5 years ‭(780) 340-1340‬ James@MogulRG.com Sent from my iPhone using myREINspace
  7. Caleb West

    11% Cap rate, stateside investments

    ‬ We’re Canadian investors and our family currently holds several commercial assets in Edmonton Alberta, and were excited to be coming stateside! Better returns , lower risk , less liability Investment in the USA( Illinois) 11% cap rate (yes it’s true) Mixed use 28 1 bed&bach (26/28...
  8. Caleb West

    37 unit mixed use 11% cap rate

    We’re Canadians and we’re going south Currently our family owns several commercial properties and a few residential properties here in Edmonton and we’re excited to go the Chicago. Investment in the USA( Illinois) 11% cap rate (yes it’s true) Mixed use 28 1 bed&bach (26/28 occupied) 9...
  9. Caleb West

    Chicago & Indianapolis investments

    What our team lacks in experience in the USA investment I make up in what I spend on training , education and consultants who are doing this full time. Now as much as I’d like to keep investing in my back yard and continue my families legacy in mixed use and commerical assets in Edmonton ...
  10. Caleb West

    33 unit apartment

    Projections based on A 3% market appreciation A 7% vacancy A 44% expense ratio Cap rate of 5.88% on acquisition with our goal of cutting expenses to 35% , increasing rents from $60/ below market to market or $20/below market rents within 24 months making it around a 6.75-7.25% cap rate ROI...
  11. Caleb West

    21 units , 7% cap , Edmonton

    21 units By nait Excellent option to increase rents within 12 months and retain 90% of tenants Structure -New Corporation Legal Documents-Unanimous shareholders agreement Investment split -60/40 in Capital partner favor Investor vote strength- 75% This is our families 4th commerical...
  12. Caleb West

    21 unit , 7% cap , Edmonton

    21 units By nait Excellent option to increase rents within 12 months and retain 90% of tenants Structure -New Corporation Legal Documents-Unanimous shareholders agreement Investment split -60/40 in Capital partner favor Investor vote strength- 75% This is our families 4th commerical...
  13. Caleb West

    Apartment -21 units 7% cap , 100k plus investments

    21 units By nait Excellent option to increase rents within 12 months and retain 90% of tenants Structure -New Corporation Legal Documents-Unanimous shareholders agreement Investment split -60/40 in Capital partner favor Investor vote strength- 75% This is our families 4th commerical...
  14. Caleb West

    70/30 split 15 unit apartment in Edmonton

    This is a nearly turn key building with lots of units renovated and an 80% occupancy. New vacancies can be filled through a placement program through a housing contact I have, they will place families for 6-12 months and take it on a 3 year term lease per unit. If you are interested please email...
  15. Caleb West

    Edmonton staging

    All decor They are rein members ‭(780) 271-4091‬ Sent from my iPhone using myREINspace