Recent content by Thomas Beyer

  1. Thomas Beyer

    Arm's Length RRSP Mortgage

    Yes it can be done (and I have done it) as your RRSP becomes the lender and you swap cash out and a mortgage in. Only a few RRSP trustees like OlympiaTrust do it, for an upfront and annual fee plus legal fees. What specifically do you want to know? Thomas Beyer, Asset Manager, Investor...
  2. Thomas Beyer

    Private Lender to Keep Waterfront Properties on Georgian Bay (Parry Sound) in My Immediate Family

    Well said. Buy it (with your own money or borrowed money or a JV partner). Or move on. Decide how important your relationships are to your three siblings, their spouses and kids. Very important? Don’t care? No need to spend money on lawyers as situation is pretty clear to a neutral third...
  3. Thomas Beyer

    Private Lender to Keep Waterfront Properties on Georgian Bay (Parry Sound) in My Immediate Family

    Find a MIC (mortgage investment corporation) that will lend you (or your son) the required money. You need to buy one asset from the trust to be fair to all parties .. maybe 2. Why do you need to buy all three? MICs lend money at 6-16% depending on asset value, loan to value, risk of...
  4. Thomas Beyer

    Ride the wave in Canadas Wine Capital Oliver in BC

    Coming in 2021 - Huge and spacious, 3 bedroom 3.5 bath Riverside Townhomes located in downtown Oliver, BC -- Canada's Wine Capital -- combine open concept, light-filled interiors with contemporary architecture. Spacious kitchens, generous patios & decks to enjoy the view. 3 stylish bedrooms...
  5. Thomas Beyer

    Fix or variable

    Go with a variable rate if you may wish to sell prior to 5 year anniversary as max 3 month penalty unlike fixed rates. Line up mortgage with your property goals. If long term then 5 year ok unless it’s well over 2%. So in your case 2.04% is fine if you envision owning 5+ years although of...
  6. Thomas Beyer

    Why housing is still a great investment

    Too much negative Covid fear mongering? Delayed tenant payments ? Tight cash flow? Fear not: Why housing is still a great investment. According to the CMHC, average Canadian house values have increased by over five per cent annually over 25-year periods going back to the Second World War. That...
  7. Thomas Beyer

    Has anyone considered Mississauga as a worthwhile city to invest in?

    Yes SFH with suite potential ALWAYS preferred over a condo. Land goes up in value not the deteriorating structure on it. That’s why I like multi-family buildings and mobile home parks and have done well there, but of course you need 20-35% cash down so more cash than an old TH or SF home. Look...
  8. Thomas Beyer

    Has anyone considered Mississauga as a worthwhile city to invest in?

    Yes it’s a good place but you need to dig deeper into specifics, ie asset type, micro location, asset condition AND price. $500,000 might be a good price for a certain condo or TH or it might be 50-85,000 too much. More here in the first post of “How to get started”...
  9. Thomas Beyer

    New To REIN

    Further thoughts on cash flow vs total return in real estate: what is better ? Real estate is like a three course meal (TM). It has three profit centers: cash-flow (or the appetizer), mortgage paydown (the main course) and equity appreciation through asset improvements and inflationary rental...
  10. Thomas Beyer

    New To REIN

    Nice vision. Where will you work in 5 years? Focus on that, too. 20,000 monthly cash flow is NOT (!!) achievable with only $1M networth. Maybe $2500 (or 30k/yr) assuming a 6% cash on cash return on 500k inverses and a mortgage free 500k house. More is ONLY achievable if you and your wife work...
  11. Thomas Beyer

    New 4 plex build cost

    Upgrade only sensibly and rent it out managed impeccably. Don’t over-upgrade. A 4-plex construction is a far riskier and costly undertaking. Can you add a legal suite in basement for a second income? Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor...
  12. Thomas Beyer

    New 4 plex build cost

    Assuming 1000 sq ft per unit, budget $200/sq ft hard cost or $200,000 PLUS soft cost ie architect, permit, off site levies like DCCs, insurance, utilities, demolition, interest on loans, legal fees for strata, surveying, taxes, engineering .. so maybe $1M for 4 units. Likely NOT (!!) worth it...
  13. Thomas Beyer

    Power team help: Looking for referral to an investor oriented lawyer.

    What is the goal here? Kids or non-working spouse or parents with shares ie dividends eventually? Any passive real estate in it say a long term rental property as opposed to a reno and flip project ? Lawyers don’t give biz advice! If you have an active firm you need a GST number and active...
  14. Thomas Beyer

    Coming in 2021 Spacious THs in Canadas Wine Capital Oliver BC

    Coming in 2021 - Huge and spacious*, with 2471 sqft including garage and decks, Riverside Townhomes combine open concept, light-filled interiors with contemporary architecture. With spacious kitchens, generous patios, and stylish bedrooms, Riverside Townhomes are beautiful by design and...
  15. Thomas Beyer

    Power team help: Looking for referral to an investor oriented lawyer.

    Why do you need a lawyer for this? Try arvic.com Are there multiple shareholders? Complicated relationships to be aware of? Millions of $s invested up front? A simple corp suffices. Give yourself 1M class A voting shares for $100 or 0.01 cent each. Plus a few non-voting share classes and...