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...

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...

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

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...

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...

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...

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

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...

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...

Mais oui ! Sent from my iPhone using myREINspace

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

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

Think of it more as an exit strategy. It costs money and has no value while renting it as it’s unimportant for a renter. It may help though with mortgaging ie now you got three units, separately appraised that can be refinanced at different times and/or sold separately if desired. Sent from my...

Next stop: talk to a surveyor, get it measured and drawn up and submit it to city and land tithes office to create three new titles. Then create strata corp to deal with issues like who pays for landscaping, fence repairs, exterior paint job, window replacements, new door knobs, reserve fund...

Convert unless you have to invest heavily into retrofits ie fire code, new windows etc You can then sell up to 3 individual units if you so chose. Ensure the mortgage allows it or get three mortgages. Yes you ought to see a value bump above cost. You need a strata corp too to regulate costs...

Depends on city. Not usually in Kelowna or Vancouver unless it’s your principal residence. Sent from my iPhone using myREINspace

You either renew the lease, at now known or utterly unknown terms, or you have to leave. As such, ensure the price discount today is worth the potentially considerable risk of unknown future lease terms ! Sent from my iPhone using myREINspace

Are you working with a capable mortgage broker ? Sent from my iPhone using myREINspace

Talk to a mortgage broker. Refi your rental property and then but the personal home with cmhc with only 5-10% down, at super low rates. Treat the bank as your biz partner. Best deals of any JV. Cheaper than any partner which costs unnecessary future equity upside. Sent from my iPhone using...

Why not buy a REIT ? There are dozens of Canadian or 100+ US based REITs ! We used to offer it (a very large 300+ unit asset in Dallas, TX) via a Canadian LP that then bought shares in a US C Corp that owned the US asset and I am considering it again but have nothing in the pipeline right now...