Recent content by ThomasBeyer

  1. ThomasBeyer

    2018 - a tough year but two apartment building purchases in Alberta for 68 doors

    Great to hear Cory !! Health is not everything but without health everything else is nothing !! I pray your son will get well.
  2. ThomasBeyer

    Just closed 52 units for 1.9 mill ... some info ... and getting cash at close

    Congrats !! Those deals used to exist in Alberta when I started .. say to 2004 .. not anymore Sent from my iPhone using myREINspace
  3. ThomasBeyer

    Variable or Fixed rate Now?

    Take a two year fixed rate every two years. Prime will be 0.75% to 1% higher by 2020. Variable prime minus 1.25-1.4% by then. Five year mortgages the most popular so they are always padded. I now do two year fixed mortgages every two years on my houses or condos.
  4. ThomasBeyer

    Mortgage Calculation

    What is better: Cash-Flow or Maximum ROI ? http://myreinspace.com/threads/what-is-better-cash-flow-or-higher-roi.26596/ Cash-flow does NOT make you rich, but it allows a sustained ownership. Appreciation and mortgage paydown (by others) is where you get wealthy. It’s like a three course meal ...
  5. ThomasBeyer

    Insurance claim/total loss/bank requiring LOTS of personal financial information

    Annoying: yes. Necessary: yes ( in the bank’s eyes) Unreasonable: no. If bank gets the cheque they will lower your mortgage accordingly. Then refi with them or another bank. Banks getting far more anal these days. Far tougher to get good rates without full re-qualification on each refi...
  6. ThomasBeyer

    Reuse down payment to qualify for more mortgages?

    LOC is an extension of cash. It’s cash secured by an asset but it’s not free cash. With so called “prime” at almost 4% these days use it prudently. It may make sense for some deals but not others. Most SF houses do not cash flow 100% or even 75-80% levered. Do the math using prudent real world...
  7. ThomasBeyer

    advice for novice member: get going

    There is no rush. I’d start with my own personal residence in a location that suits your lifestyle. If a TH, duplex or house even then you can sublet. However a $500,000 asset in the Lower Mainland is likely a condo and as such, tough to sublet without inconveniencing your own life style. Plenty...
  8. ThomasBeyer

    advice for novice member: get going

    How much time, on avg, could you spend on finding, vetting and managing RE. Are you open to other locations besides Lower Mainland, and if so where ? Would you be ok in a house where the basement is rented to someone else ? How far out would you consider for this given your work location ...
  9. ThomasBeyer

    Include HST in commercial property NOI?

    Yes Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com
  10. ThomasBeyer

    The importance of choosing an Investment focused realtors

    There is cheaper one of your new book! Well said Cory !! Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com
  11. ThomasBeyer

    Include HST in commercial property NOI?

    Not usually as the GST or HST on the difference between rent collected and expenses has to be sent to the government.
  12. ThomasBeyer

    Reuse down payment to qualify for more mortgages?

    Markets not rising fast anymore anywhere in Canada so this refi strategy works mainly on re-development properties or over a longer period. Example: a $400,000 asset with 2% annual value growth and a $300,000 mortgage or 25% down, in 5 years the asset is worth ~$440,000 and the mortgage about...
  13. ThomasBeyer

    Minimum Cash on Cash rate & Cap rate

    Make that B.C. wide except in northern BC or in very small, remote towns. Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com
  14. ThomasBeyer

    Reuse down payment to qualify for more mortgages?

    Cash is cash. An LOC is like cash. Once spent it’s gone. The only way to “reuse” it is to buy a property and refi it a year or 3 or 5 later, either with a flat or ideally with a higher value, and pull cash out and then use that cash for more properties.
  15. ThomasBeyer

    Minimum Cash on Cash rate & Cap rate

    4% Sent from my iPhone using myREINspace