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Recent content by Thomas Beyer

  1. Thomas Beyer

    proof of income

    Show him bank statements and receipts. Ideally a tax filing or T5. Sent from my iPhone using myREINspace
  2. Thomas Beyer

    Looking for a partnership.

    These terms are utterly unrealistic. What mortgage can you qualify for given your current income btw? Thomas Beyer, Asset Manager & Improver, Hard Asset Investor & DeFi Asset Hodler, Author, Father, Mentor, Hiker, Kayaker www.prestprop.com
  3. Thomas Beyer

    Looking for a partnership.

    And who qualifies for mortgage ? And your fee and/or equity stake is? Where are you located ? Where do you wish to buy ? What other RE do you own? Sent from my iPhone using myREINspace
  4. Thomas Beyer

    Request : Banker/Broker introduction

    One good broker is sufficient. Why do you need 3? Sent from my iPhone using myREINspace
  5. Thomas Beyer

    Variable Open vs Variable Closed rate

    Variable will go up at least 75 bps maybe more .. what’s the rate offered ? p-x? How big is x? Fixed rates high 4% rate these days, likely topped out. Run the math. Variable usually cheaper, on avg. I’d go with a fixed payment even if rate is variable. I’d take a 3 year fixed though then...
  6. Thomas Beyer

    Variable Open vs Variable Closed rate

    What’s the intended holding period ? Thomas Beyer, Asset Manager & Improver, Hard Asset Investor & DeFi Asset Hodler, Author, Father, Mentor, Hiker, Kayaker www.prestprop.com
  7. Thomas Beyer

    Myths and Facts to Apartment Building Investing

    Any time is a good time to buy at the right price in the right location ! Sent from my iPhone using myREINspace
  8. Thomas Beyer

    New 4 plex build cost

    Use 250-300 per sq ft hard cost today plus soft cost ie design, permits, demolition costs, financing costs, legal/strata costs, insurance etc Plus land .. plus profits .. plus legal and realtor fees to sell Sent from my iPhone using myREINspace
  9. Thomas Beyer

    GTA dips vs Vancouver Dips

    We shall see. Not everyone bought at the peak with extremely high leverage. Prices today are still higher than early 2021. Buy to hold for at least 5-10 years and you’ll be ok. Of course the odd pre-sale condo buyer or highly leveraged non-cash flowing investor will get caught naked as the...
  10. Thomas Beyer

    GTA dips vs Vancouver Dips

    Prime rate is, for sure, 75 bps most likely - as previously announced - but all that is already baked into stocks and fixed rate mortgages ! If rate hikes are too steep, too fast, and I’d say they are, AND Ukraine-Russia war lingers, and I’d say that’s highly likely, then rates will NOT go a...
  11. Thomas Beyer

    GTA dips vs Vancouver Dips

    The bottom is near as rates may have already peaked. Covid buying - ie ultra low rates, moving away from urban cores and more space - is over thus far less buying. Many condo projects will get cancelled (due to rising cost but suffer end user prices) thus inventory shortage and higher prices...
  12. Thomas Beyer

    Looking for commercial mortgage brokers

    Try ICI or Montrose. Sent from my iPhone using myREINspace
  13. Thomas Beyer

    New Condos GTA

    They can be if you buy at values that are at least 15-20% below future anticipated values. They may not as it is unknown what you pay today and what the likely value is in 2-4 years. It’s also unknown if the bank will lend on future value ie if you can close with perhaps only 60-65% of the...
  14. Thomas Beyer

    How best to invest 300-400K???

    Passively? Don’t you have to deeply analyze the deal, then monitor it AND be prepared to foreclose on the asset and then manage it to retrieve your money ? Thomas Beyer, Asset Manager & Improver, Hard Asset Investor & DeFi Asset Hodler, Author, Father, Mentor, Hiker, Kayaker www.prestprop.com
  15. Thomas Beyer

    Real Estate Question

    If your brother is on title with you then he is protected. You may wish to define though what happens if A) you decide to move out B) he wants to sell but you don’t C) you want to sell but he doesn’t D) you fail to pay rent E) you move out and it is re-rented and tenant doesn’t pay rent, or...
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