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  1. ryanlake

    Low Investment $60,000 + High Cash Flow $800 Buy n Hold or BRRR

    Hey Investors! Whether you are struggling to find local cash flowing deals or perhaps you are looking for the next BRRRR project, it's worth looking into this hidden GEM in a market you've never heard of. Summary: BRRRR purchase in Esterhazy SK : $285,000 (appraised $315,000) private sale Duplex...
  2. ryanlake

    My Best, Most Creative Deal Yet!

    I struggled for a long time watching people buy houses, attract money partners, buy multiple doors in a year while it felt like I was stuck on the sidelines. I never gave up, however. I believe in real estate and I know my numbers. I am from Esterhazy SK and now live in Edmonton AB. I was doing...
  3. ryanlake

    Eviction proceedinga

    I thought i could squeeze a year without a property manager in Regina before selling. But, it looks as though i was mistaken. I need a power of attorney before enforcing form 9 for an order of possession. Any recommendations or volunteers? I dont live in Regina so i will need representation...
  4. ryanlake

    Where would you put 100k for best cash flow?

    Just trying to bounce ideas off some brainy heads. I plan on selling my 2 single families in Regina next year. Im banking on a modest 100k returned to me. My original thought was to turn that into a 4-plex in Edmonton for 650k with 135k down (ill save up for the rest or use RRSPs). I figure i...
  5. ryanlake

    AFS Q's

    I was reading the REIN blog on AFS agreements and the potential uses for them. Essentially, they would be more likely benefit the investor if there is already a plan in place for said property, such as an RTO agreement, or wholesaling the property that is now currently under contract. I am...
  6. ryanlake

    Tips on selling two tenanted properties in Regina

    I currently have 2 properties in Regina as mentioned, They are both in the desirable but aged General Hospital area. The one I am sure I will not have too much problems selling for the right price-just need tips on the selling process itself on that one. The issue is I am currently residing in...
  7. ryanlake

    RTO spreadsheet

    I was wondering if anyone has access to an excel spread sheet for an RTO deal! I tried to download mark Loeffler's document but it said the file was corrupted. If anyone could help me out i would appreciate it!!
  8. ryanlake

    Preparing for my first JV partner

    I have a friend interested in "talking shop" in the next couple months about investing and want to ensure that I have everything i place and make it a professional experience for him. I currently have three properties of my own, looking at another single family home in Edmonton to purchase...
  9. ryanlake

    vertical crack in foundation wall-need advice!

    I have a property in Regina SK that has a vertical crack near the middle of the basement. Tenant explained to me that it tends to leak when there is heavy rain (water marks were noted). The crack is not that big yet, but since it is leaking water that scares me a little bit. I know water is a...
  10. ryanlake

    what is the low down on cap rates?

    I know what the term cap rate retains to= NOI/ purchase price, which is the "cash flow zone" method that REIN uses. But different style properties seem to demand a different standard of these rates, as well as different areas. Can someone shed some light on this and what is essential to know...
  11. ryanlake

    Looking for bunk mate for Calgary trip!

    Headed to the Calgary field trip on the 24th of August-25th for the capital meeting as well. Rooms at the Marriott are $150 a night. Looki g for somebody to share a room with, connect with, split the costs. Call Ryan @ 780-803-7270 if Interested!
  12. ryanlake

    Need some solid contractors on my team!

    Hello everyone. I live in Edmonton and the only thing I do not have on my team yet is some solid contractors who are reliable, have an awesome track record for speed and accuracy, and a fair price. Have never gone through reno's before but I am positive I will need to eventually. Thanks...
  13. ryanlake

    JV confusion

    I am currently trying to market to my friend back in Esterhazy SK, (which is in boom time right now with the new potash expansion) he owns a couple properties with crazy cash flow (5 bd house renting full capacity @ $800/room!). I asked if he wanted to diversify his portfolio into a different...
  14. ryanlake

    different financing with 3 or more properties?

    Owner of three properties. During my last meet with my REIN Mastery partner she was explaining how banks look at your finances differently when you own three or more properties. I just wanted someone in the business to clarify this for me, and wondering how it will affect me.
  15. ryanlake

    Regina Single family strategy

    I have 2 single family homes in the general hospital area in Regina that i bought in 2009. Since then, rent has gone up $400 (both included) since last fall. I know single family homes have gone up a lot since then. One of my mortgages is up for renewal in January and my plan was to get an...
  16. ryanlake

    Website tips

    I am trying to build a website because I believe it will be a much more efficient method of attracting investors. That way they can see what I have researched, opportunities, read my history on their own time without feeling threatened. I was wondering if anyone knows of someone who could...
  17. ryanlake

    Presenting a deal to a potential JV

    Curious to see if anyone was willing to meet with me to go over some points to consider in preparation to talk to potential JV partners. I realize I need to build relationships first and foremost, and to attract and not pursue, but sooner or later we need to get down to business. Any tips or...
  18. ryanlake

    Is an 8% cap rate achievable?

    I have an investor looking for a multi unit building with a purchase price of 500k or more with a minimum cap rate of 8% Any potential properties worth looking at around Edmonton?
  19. ryanlake

    Down Payment for Multi-Unit

    Hello, I am sure there is some savvy investor out there who could help me figure out if a multi-unit building is still 20% down. I have this gut feeling it is more like 35% however. thank you!
  20. ryanlake

    The Regina Market!

    I started investing in Regina SK in 2009 before i was a member of REIN. Lately the topic has been Alberta, Alberta, Alberta...with the odd mention of Regina as being labeled for strong growth here and there. I was wondering if anyone had more details on what exactly is driving the Regina...