5th Property at 25 Years Old!

Tyler - Picket Fence Properties

Inspired Forum Member
Registered
Oct 20, 2015
60
35
18
Edmonton
#1
We’ve just completed the renovations and refinance of our 5th purchase and are thrilled with the results. With the refinance we were able to secure 80% LTV of appraised amount with a readvanceable HELOC attached to the property. This powerful tool will allow us to recapture the principal portion of our payments each month to use for subsequent aquistions! Here are the details:

Location: Edmonton area
Purchase Price: $250,000
Renovations & Holding Costs: $44,057
Legal, Inspections, Refinance Fees: $2,500
All In: $296,557

Refinance amount: $420,000

Created Equity: ($420,000 - $296,557) = $123,443

Returned Cash: ($420,000 *.80) – ($296,557) = $39,443

In addition to adding $123,443 to our net worth we were able to get our ALL of our initial investment PLUS have $39,443 towards our next purchase! Time to get to work!
 

Marnie

Frequent Forum Member
Staff member
REIN Member
Oct 6, 2016
361
119
43
46
#12
Wow! Great work and beautiful renovations Tyler! It's so satisfying to source out these hidden gems, especially when it can be a lucrative venture. Congratulations!
 

Caleb West

Multi Family Commercial|Collaborative Office|
REIN Member
Feb 7, 2017
122
56
28
#13
We have an investors specific shared office here in Edmonton, I thought you might need a space like this given your massive action in real estate so far that I've seen.

I am also General contractor here in Edmonton, very investor friendly , financing available and creative options for pricing.
Hope to hear back soon

780.288.9638
Caleb@seedbuilders.ca
 

trevismcconaghy

Trevis McConaghy, REIA
REIN Member
Nov 11, 2012
71
71
18
42
Melfort, Sask
#14
I think you are quickly discovering the key to expanding your portfolio. In my mind, it is velocity of money. You need to put your money in, get your money out with 'created cash' and move to the next deal. It starts growing like a tree when you start creating down payment money and cash flow. Well done. Don't forget to submit your 17-3 form and get some recognition, Trevis
 

Abdul12604

New Forum Member
REIN Member
Oct 6, 2017
8
2
3
#17
Hi Tyler

Congratulations .

This is Abdul From Regina and I would like to connect with you to buy the undervalue properties in Edmonton Area .

Can you please give your number or call me on 3065013731

Regards
Abdul
 
Likes: Stewart 5876

lendmorefinancial

New Forum Member
Registered
Aug 1, 2018
17
3
3
25
Toronto
lendmorefinancial.com
#20
We’ve just completed the renovations and refinance of our 5th purchase and are thrilled with the results. With the refinance we were able to secure 80% LTV of appraised amount with a readvanceable HELOC attached to the property. This powerful tool will allow us to recapture the principal portion of our payments each month to use for subsequent aquistions! Here are the details:

Location: Edmonton area
Purchase Price: $250,000
Renovations & Holding Costs: $44,057
Legal, Inspections, Refinance Fees: $2,500
All In: $296,557

Refinance amount: $420,000

Created Equity: ($420,000 - $296,557) = $123,443

Returned Cash: ($420,000 *.80) – ($296,557) = $39,443

In addition to adding $123,443 to our net worth we were able to get our ALL of our initial investment PLUS have $39,443 towards our next purchase! Time to get to work!
Hey that's very amazing you did good job Tyler. Best of luck keep it up.