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ThomasBeyer's Recent Activity

  1. ThomasBeyer replied to the thread can I start investing with no money?!.

    For every person successful with no money down there are 3-4 going bankrupt you will never hear about. Once you have done a few deals...

    Apr 25, 2018 at 9:14 AM
  2. ThomasBeyer liked CorySperle's post in the thread can I start investing with no money?!.

    And it does, often and hard. Respectfully this is horrible advice. 100% financing is reserved for speculators with deep pockets, as...

    Apr 25, 2018 at 9:10 AM
  3. ThomasBeyer replied to the thread Multifamily in Edmonton.

    As stated in my post above, capital upgrades and R&M need to be estimated realistically. They can be quite low in a renovated asset in a...

    Apr 25, 2018 at 7:19 AM
  4. ThomasBeyer liked CorySperle's post in the thread Multifamily in Edmonton.

    They are absolutely correct. As I said previously, they are unloading their problem on to you, so expect massive deferred maintenance...

    Apr 25, 2018 at 7:16 AM
  5. ThomasBeyer liked CorySperle's post in the thread Multifamily in Edmonton.

    Proceed with extreme caution. I'm not a fan of small buildings because the costs are the same buying a larger one, and Canora has lots...

    Apr 25, 2018 at 7:14 AM
  6. ThomasBeyer replied to the thread Multifamily in Edmonton.

    Well said. You can easily be off 10% on each of these six pillars for potentially disastrous financial consequences A) acquisition...

    Apr 24, 2018 at 5:02 PM
  7. ThomasBeyer liked CorySperle's post in the thread Multifamily in Edmonton.

    When I analyze an apartment building I generally lump them into three possible categories: 1. Home run deals - either premium condition...

    Apr 24, 2018 at 4:55 PM
  8. ThomasBeyer liked Michelle918's post in the thread Mortgage renewals.

    Yes, I have heard this happening. A few of my real estate friends had that happen to them and they never missed a payment. They were...

    Apr 24, 2018 at 9:16 AM
  9. ThomasBeyer replied to the thread Multifamily in Edmonton.

    Right on Cory. Amen to this analysis.

    Apr 24, 2018 at 9:15 AM
  10. ThomasBeyer liked CorySperle's post in the thread Multifamily in Edmonton.

    This is a classic case of a vendor trying to unload his problem onto someone else, and asks full market price for a vast...

    Apr 24, 2018 at 9:15 AM
  11. ThomasBeyer replied to the thread Multifamily in Edmonton.

    Expenses likely far too low, ie utilities, insurance and R&M much much higher. Vacancy incl non-collections likely well over 10%. Many...

    Apr 22, 2018 at 7:16 PM