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Recent content by Matt Crowley

  1. Matt Crowley

    Looking for a partnership.

    Hey Joe... my suggestion is that it is deal first. Put together the opportunity and see what comes back. You have to find a way to create for an investor beyond what they could do finding a house to rent out.
  2. Matt Crowley

    Real Estate Question

    * you wil need to get agreement from the lender to postpone / standstill
  3. Matt Crowley

    Real Estate Question

    To me: this isn't joint venture or a LP / GP. This is a loan. Have him register the loan on title. No reason that a loan agreement can't have equity kickers, ect. But his equity should have security.
  4. Matt Crowley

    Real estate research country differences

    That is incredibly broad. Start with the brokerage houses: CBRE, JLL, ect. they have offices around the world. Their global insights may be a good jumping off point. PWC does good global reports as well
  5. Matt Crowley

    Down payments are high, where should I be allocating my time?

    Thanks for the detailed post. Here is my two cents: - "investing in real estate" and a "career in real estate" are different things as you have observed - most "investors" in the REIN theatre buy SFH/duplex/smaller properties and fix them up with minor renovations. This is a typically 6-10%...
  6. Matt Crowley

    Rent to Own

    Rent to own works well in an appreciating market if you want to 'lock' in a return. Most guys thinking about rent to own don't understand that for this to work, there needs to be a chance they are giving up some of the upside to the tenant-buyer. Negatives is that if the market doesn't go up...
  7. Matt Crowley

    Looking For Partner on Property in Kelowna

    Find an actual deal, tie it up, then look for capital. Direct investing is all about the business plan specific to the property.
  8. Matt Crowley

    Forgotten Utilities

    19 months late sounds like you have a case to expect things to continue as they were. You have a right as a tenant to rely on past actions of the landlord. I would suggest reaching out to the LL board and if necessary tell the landlord you are willing to go to mediation to resolve it. There is a...
  9. Matt Crowley

    Real Estate Investing, mentor ship and networking in Edmonton

    Some excellent resources here: https://astudentoftherealestategame.com/resources/ Really depends on the amount of risk you want to take. Long term hold is a great strategy over the long horizon with relatively low cash flow (if any) distributions for the first 5 years. Great wealth builder...
  10. Matt Crowley

    Workaround For Security Deposit in Ontario

    A potential problem could be if you have a long term tenant who sees their rent as savings and asks for a payout. Even after 3 years that is a sizeable cheque. Is it held in trust? What interest is it earning? Does that mean I get equity in the house? It also looks like an excessive deferred...
  11. Matt Crowley

    Tenant's dog bite

    One point unclear in your story is if you provided proper notice to enter to inspect the repairs? If you didn't provide proper notice (and there are specific standards you have to meet: 24 hours notice, specific time range, specific reason), you might have entered at your own risk. In general...
  12. Matt Crowley

    Calling Investors

    Hi Golda, I second everything that Thomas has said above. Not a rookie strategy. This is more appropriate as a fund strategy with mega buying power. There are platforms in the U.S. right now that will buy houses sight unseen and flip it...
  13. Matt Crowley

    Reno contract resolution

    Hold back on the final payment and file with small claims. You will need a few estimates to correct the work you view as deficient. Shouldn't need a lawyer.
  14. Matt Crowley

    Joint Venture Inquiry/Information

    I agree with Cory. A solid, already legally suited home is $350k in Edmonton. 5% down is $17,500. With closing costs you need about $20k. Live in the basement suite, renovate it if needed and then start saving for your next home. Another point not considered - at the scale of investment you...
  15. Matt Crowley

    Appreciate advice from a mentor & professionals to invest in real estate

    Keep in mind that RE is very asset-driven more so than buying a stock index. There is money to be made in the asset categories in any cycle, it is all about price entry point and less about cyclical factors. Even large RE companies invest this way. They just buy much larger assets $100 MM + and...
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