Recent content by Caleb West

  1. 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 ...
  2. 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...
  3. 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...
  4. 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...
  5. 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...
  6. 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...
  7. Caleb West

    Edmonton staging

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

    Where to park 200k; Residential or Apartment shares?

    Buying and Legally Suiting a home usually requires about $200k , at least is does here in Alberta. You want to be getting $1000 for the basement and and $1500 per month for the main floor plus utilities to get anywhere close to cash flow. On average it works out to $225k/door to purchase a...
  9. Caleb West

    Tenants might be smoking pot in suite -- what can you do?

    Well you could join them , build some “budship” and be the cool landlord Everyone likes :) Putting up additional hardwire smoke detectors , AGENT program from your local police force , signs, cameras, signs about being monitored (if they are high it’ll really send them for a loop;) Sent...
  10. Caleb West

    Edmonton apartments

    We have a few off list apartments that we are working on with an experienced team who owns several buildings. If you are interested in owning shares in the building as a passive investor please let me know. The returns reserved for larger investments outside of residential are available to you...
  11. Caleb West

    what would be a fair split?

    15-18% contractor profit is very low if there is a legit company being run with all Insurance’s , liability , Wcb, safety , management , admin etc. I could see it if it was a solo show but those are tight margins. Sent from my iPhone using myREINspace
  12. Caleb West

    Triple net /lease in place

    New building , condo Corp will be in our control as well and we are already the go to contractor for repairs and maintenance. Edmonton Alberta Great location , great building , great developer We have a very friendly lender , broker, realtor and seller so it’s pretty easy sailing through our...
  13. Caleb West

    What is a mastermind group?

    We have a free space to use for real estate mastermind groups at our Edmonton office , if your in Edmonton let me know. We have 3 groups who use the space. 780.288.9638
  14. Caleb West

    5th Property at 25 Years Old!

    We have an investors specific shared office here in Edmonton, I thought you might need a space like this given your massive action in real estate so far that I've seen. I am also General contractor here in Edmonton, very investor friendly , financing available and creative options for pricing...
  15. Caleb West

    Any great contractors or property managers in Edmonton?

    Hi there I am a General contractor here in Edmonton, very investor friendly , financing available and creative options for pricing 780.288.9638 Caleb@seedbuilders.ca