Recent content by Myron Bas

  1. Myron Bas

    What kind of returns do you look for in small apartment buildings..

    Thank you, will be watching and waiting
  2. Myron Bas

    What kind of returns do you look for in small apartment buildings..

    Hi, I am looking at a 8 plex in Edmonton, near college etc.. What kind of cash on cash returns have you aimed for with success in this type of town? As well as ROE? What are the lowest returns on multifamily you would accept?
  3. Myron Bas

    Illegal off market four plex yay or nay?

    Mortgage broker said it would be around 2600$ a month mortgage, would he be including CMHC fees already? Myron Bas
  4. Myron Bas

    Illegal off market four plex yay or nay?

    Main driver of this deal would be the 5% down, owner occupy.. The equity being built from debt pay down is $8000, total initial cash would be around $40,000.. 20% ROI from that alone.. If fully occupied.. Myron Bas
  5. Myron Bas

    Illegal off market four plex yay or nay?

    I look at what kind of rents can each unit get, how hard is it to find tenants, how much cash will I put in initially.. My main decision is based on cash on cash return and the fundamentals that support the return.. Well actually this one would just be ROI because of the low down payment option...
  6. Myron Bas

    What are your most effective ways to find more deals?

    How do you increase deal flow? Need to increase the amount of deals that are analyzed.. I am near Edmonton.. Looking for apartment buildings, value add, type of deals.. Myron Bas
  7. Myron Bas

    Illegal off market four plex yay or nay?

    Looking at small town 4 plex.. They are willing to sell for $515k.. 3/4 full.. They don't seem to want to show me 2016 financials though lol.. I believe it is not legal 4 plex.. Would you do an inspection on it for sure? I know the building decently.. Plus side is its in my main area of...
  8. Myron Bas

    Buying first piece RE, 6plex, details of transaction, what you guys think?

    Oh there you go, I see your other posts, Ill send you my email as well..
  9. Myron Bas

    Buying first piece RE, 6plex, details of transaction, what you guys think?

    So insured 85% mortgages, does that mean you put 15% down or how does that work? What are the impacts of CMHC accepting purchase price as market, why does it matter? How do you search for deals and how many deals does it take to find the right one? 10% cash on cash is good!
  10. Myron Bas

    Buying first piece RE, 6plex, details of transaction, what you guys think?

    Thanks, update on it: I shut the deal down because the competitive rent advantage is gone.. I am keeping an eye on the region though, keep my finger on the pulse of oil.. Will focus on growing my trucking business, as well as look for another business to buy or maybe partner up with someone for...
  11. Myron Bas

    Buying first piece RE, 6plex, details of transaction, what you guys think?

    Electric is separately metered, gas is not.. Hmm ok, that chews through my margin for error, now its not a good deal, its priced correctly according to how the market looks.. The question now is ," will people move to save $200/ month?" In a town with vacancies like this, I liked the deal...
  12. Myron Bas

    Buying first piece RE, 6plex, details of transaction, what you guys think?

    Hey guys, there is a problem with my gas and electric annual expense assumptions.. I estimated $8000 a year for the 1985 building, 5000 sf, gas and electric together.. It has a 2009 boiler.. I used the bills from this year, with building empty, both gas and electric came up to $5200 for first 3...
  13. Myron Bas

    Ok, who has my money this afternoon!

    Ok, who has my money this afternoon!
  14. Myron Bas

    Buying first piece RE, 6plex, details of transaction, what you guys think?

    Whoa, I see what you're saying now, that's definitely no small thing! 80 units here is insane man lol.. I'm in Fox Creek now, investigating the town, I am looking at an off market deal I'm being offered.. I'm being told the region produces alot of condensate.. If the area has this decent amount...