All Forum Posts by: Ahmed Hafez

Hello everyone,
I've done 3 buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)
I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.
My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.
I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?

Thank you in advance!

Man those are actually great questions. I'd recommend you have your financing or cash up front. Ready to go in no time at all...that is the first thing. Secondly you have to be very quick and know when it is a good deal. Local agents and local investors can just look at the price and address and see if it is a popular area immediately. We won't know the condition of the home but can assess photos or drop what we are doing and go look at the home immediately. Basically you just have to move real quick and make an informed, educated decision. You should make sure you have a good team in place and bounce ideas off of them. A strong local agent can tell you what the approximate value is easily and quickly.

Thanks for the response Tyler, only issue is, financing is provided based on the deal, and this is where I'm stuck. when you say have the financing ready to jump on any good deal, I hear you and agree with you, but like I said, debt or equity investors would want to see the deal first before signing any agreements. I know it gets easier with your 5th or 10th deal, but I'm talking about my first one here!

0 Votes

Memphis, Tennessee

Quote from @Stevo Sun:

Quote from @Ahmed Hafez:

Hello Everyone,

Any Canadian real estate investors here?

Any chapters or groups from Canada?

There is a group of Canadians on BP.

@Stevo Sun thanks you for your response, when you say a group of Canadians, do you mean there are some Canadians here? or do you mean there is a group "for" Canadians? and if so, what is it called?

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Quote from @Theresa Harris:

There are quite a few Canadians. I'm in AB and have properties in BC and AB.

Do you know of any group(s) for Canadians here? or they are scattered between the different groups?

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Quote from @Jasper K Juhl:

@Stevo Sun , great to see you here on Bigger Pockets! I’m based in Austin, TX, but I’ve worked with real estate investors across North America, including a few from Canada including a few from Calgary. While Canadian-specific groups aren't as prominent on Bigger Pockets, there's a thriving community of investors here who frequently collaborate across borders, especially when it comes to cross-border investing strategies and tax considerations.

If you’re interested in connecting with more Canadian investors, I’d recommend starting by joining the BP groups focused on international investing. You’ll find investors from Toronto, Vancouver, and other major Canadian cities who share their experiences about market conditions and regulations in Canada.

For formal groups or chapters, outside of BP, the Canadian Real Estate Association (CREA) and local investment clubs are great places to connect with more like-minded investors. If you're specifically into networking with other Canadians who also consider U.S. properties, check out forums that focus on cross-border tax issues or financing strategies. It’s a niche, but a valuable one for Canadian investors looking to diversify into U.S. markets. I’ve personally seen a growing interest in U.S. vacation rentals and multifamily properties from Canadian investors who are looking for growth beyond the Canadian market.

P.S. Did you know that Canadian investors who own U.S. property for over 183 days in a year may be considered a U.S. resident for tax purposes under the “Substantial Presence Test?” Make sure to check with a cross-border tax advisor on how this could impact your overall tax strategy.

Thanks Jasper for the information, yes, I'm interested in meeting Canadians here, whether they're investing in the US or in Canada, a lot of common interests on many fronts, taxes, that you mentioned is a big one of course.

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Hello Everyone,

Any Canadian real estate investors here?

Any chapters or groups from Canada?

1 Vote

I have some experience buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)
I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.
My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.
I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?

Thank you in advance!

0 Votes

Toronto, Ontario

Thank you in advance!

0 Votes

Thank you in advance!

0 Votes

South Bend, Indiana

Thank you in advance!

0 Votes

All Forum Posts by: Ahmed Hafez

Ahmed Hafez has started 3 posts and replied 16 times.

Post: Canadian Real Estate Investors

Post: Hello fellow Investors (fix and flip)

Post: Canadian Real Estate Investors

Post: Canadian Real Estate Investors

Post: Canadian Real Estate Investors

Post: Canadian Real Estate Investors

Post: Closing Wholesale deals

Post: REO wholesaling

Post: Flipping for Profit: The Ultimate ROI Renovation Secrets

Post: Profit from flips if I have 250 K capital