Hi Everyone,
I had a discussion with a few real estate investors yesterday. Where are real estate investors buying right now in Canada. They are managing their portfolios and sitting and waiting for an opportunity.
1 You have BC RE prices soaring, near impossible to find cash flow...
I am not a Realtor but I have worked with a few in BC and USA. Everyone has made some great points. I would like to add;
#1 If a potential client emails or calls you reply to them within the day or latest 24 hours especially week days (weekends are ify). Anyone that responds after 24 hours to me...
I am also looking at investing in 1st or 2nd mortgages. Just curious what sort of rate and terms are you looking at? How much was the mortgage. I have a deal on the table for a 2nd mortgage $65k, 10% interest only $4000 upfront fee. $2000 to me $2000 to the mortgage broker for putting the deal...
I have a few rental properties in the PHX area. Just in the process of refinancing. Some banks will now do 20% down, 80%LTV (BMO/Harris) on a rental property. When I purchased 3 - 4 years ago it was 65-70% LTV. Properties will still cash flow but low cap rates. Try and find a short sale /...
This was a possible JV deal brought on by a friend. I passed on it.
Ask price $259,000
Projected rents $5479 minus expenses (i never did dig deeper). Property also needed a lot of work. Wasn't a big fan of the area but wanted to see if anyone on this forum has invested in Thunder Bay.
Hi, I saw your post. Have you ever done private money loans? If so what are your rates and terms? I also am looking at lending some money privately. Long as you do your due diligence its a great way to earn a good return.
Hi,
I have an opportunity to invest in a 6plex in Thunder Bay Ont. The numbers look decent but not too sure about the area.
Has anyone on this forum invested in Thunder Bay? Not too sure about the economic fundamentals of investing in real estate. Especially REINs Real Estate Success Formula...
I currently have used Washington Federal and Arizona Bank. All 3 properties are rentals and the LTV was 65-70%.
What market are you currently looking into? SFH? Multi?
I have 3 rental properties in the USA and all 3 have a US bank mortgage on it. I use Washington Federal, and Arizona Bank (65-70% LTV). Don't let people tell you, you cannot get a US mortgage on a rental property in the US because your Canadian. Like Thomas said BMO/Harris also provides a...
Hi Kevin, How are you doing? I read your post and interested in seeing some performa's on your properties. Please email me at [email protected]
Thanks and looking forward to reviewing your portfolio.
Hi,
I am a real estate investor and looking to get access to the realtor MLS. From what I understand either I get my LIC or a realtor can hire me as an assistant. I have no problem working with a realtor but I just need quick access to sold comps in different areas for different investment...