Recent content by Thomas Beyer

  1. Thomas Beyer

    Edmonton-Looking for a Real Estate lawyer off marker deal

    The further you are from a big city the cheaper it is. Many very rural areas exist in Canada or US which are very cheap because they are far FAR away from roads, water or utility access. Keep in mind that areas are cheap for a reason ie they have little to no development potential for a long...
  2. Thomas Beyer

    New Brunswick Real Estate

    Search realtor.ca for suitable properties and target area and contact a few. Then write offers once you understand what value looks like and what areas to avoid or target. Sent from my iPhone using myREINspace
  3. Thomas Beyer

    CMHC small town multi-family gold

    You scale up by finding JV partners or investors based on a proven track record with a story based on facts, figures, realistic projections & assumptions and images ! Yes first SFH tough to finance in US. Best to buy SFH in cash in US with LOC on your own SFH in Canada. MF is self financing ie...
  4. Thomas Beyer

    Mobile home

    Just the mobile home, but not the land? Why do you think it’s a good idea to buy an ever depreciating asset without owning the underlying land, an ever appreciating asset? Thomas Beyer, Asset Manager & Improver, Hard Asset Investor & DeFi Asset Hodler, Author, Father, Mentor, Hiker, Kayaker...
  5. Thomas Beyer

    CMHC small town multi-family gold

    No. See other post. Thomas Beyer, Asset Manager & Improver, Hard Asset Investor & DeFi Asset Hodler, Author, Father, Mentor, Hiker, Kayaker www.prestprop.com
  6. Thomas Beyer

    CMHC small town multi-family gold

    Forget BC MF. Tough rent control laws, almost nothing for sale that makes sense and as Cory said tough to finance unless 35-50% down. I’d go to medium sized cities with a diversified economy and a hospital in US sunbelt states (AZ, TX, NM, GA, TS) or perhaps even Edmonton or other AB towns at...
  7. Thomas Beyer

    1st Commercial Property

    20% down unheard of in commercial and MF. Budget 30-35%. If you’re lucky and asset has high proven income you may get 75% LTV but it’s quite rare. Higher upfront fees for appraisals, inspection & environmental reports, legal (2x) and mortgage fees. For commercial with tenants (say office...
  8. Thomas Beyer

    What's The Current Top Ten Cities List In Ontario?

    Any city in ON needs rental housing. The trick is to be able to hold given rent levels and prices. That doesn’t work well in large cities anymore but often does in medium to smaller towns. Look for in-migration, attractiveness and a hospital nearby. How to get started...
  9. Thomas Beyer

    How to structure ownership for tax benefits

    Yes you can use trusts or bare trusts and change the beneficial owner. This will delay the taxes due. Get some proper legal & accounting advice here. Sent from my iPhone using myREINspace
  10. Thomas Beyer

    How to structure ownership for tax benefits

    The shares aren’t worth $3M if the asset within corp are $3M as there are implied taxes. Say 25% taxes on gain thus $500,000 in taxes due thus shares are worth $2.5M. No way around that except asset freeze ie you transfer shares to your heirs before death ie sell asset to them in essence. You...
  11. Thomas Beyer

    How to structure ownership for tax benefits

    It makes a lot of sense to own real estate (or crypto or stock) assets in a corporation with multiple share classes. You can then dividend money to kids, spouse, yourself or your grandmother at liberty. Before a profitable asset sale you can chose to buy corporations with a loss and co-mingle...
  12. Thomas Beyer

    CMHC small town multi-family gold

    Mais oui ! Sent from my iPhone using myREINspace
  13. Thomas Beyer

    Mortgage with bad credit

    Yes you can but rates will be far higher and/or downpayment well over 20%. It’s critical to rebuild your bad credit ASAP by for example getting a credit card and paying it back monthly. Sent from my iPhone using myREINspace
  14. Thomas Beyer

    Rent increase when purchase new property in Ontario

    12 month after last increase (regardless of ownership) with three month notice. Follow Covid rules ie no increase for 2021. As such give max increase now (or before end of Sept) for Jan 1, 2022. Sent from my iPhone using myREINspace
  15. Thomas Beyer

    Legal Triplex conversion

    Do some local market research and/or talk to an appraiser re insights. 3 condos indeed may be worth less than a house plus two suites ! Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com
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