All Forum Posts by: AJ Dhillon

I am sitting on some money I wanted to invest with some partners, but I'm not sure how to structure the partnerships.

1) We will both provide 50% of the down payments

2) I wanted to make the purchases without myself being on the mortgage or title. Partners income can qualify for the mortgages alone.

Is there any way to structure a deal like this? 

I know in most JV's there's a money partner and a working partner, but since I am giving 50% of the down payment I am wondering how we would go about doing this and how I would protect myself. I don't want to be on the mortgage because 1) I don't have T4 income and 2) I want to get as many mortgages as possible once I start paying myself from my company.

Nothing is free in this world, all of those things they offer are factored into the pricing. You can still get condo's in the high 300's in the GTA, why would you want to be in London?

Hello, I had a large amount of capital, but I cannot qualify for mortgages so I am looking for a way around that. If I were to recruit partners is the following scenario possible.

We both put 50% of the down payment in, but only my partner uses his income to qualify for the mortgage. Would we both go on title this way or would the bank not want a second person on title? Could we both go on the mortgage, but only my partners income used to qualify for the financing?

The reason I ask is because I have plenty of people who would go 50/50 with me on multiple properties, but I will not qualify for mortgages so I was trying to see what the best way to work around that is.

Are there any ways to secure financing on investment properties without a typical 9 to 5 job?

I see people with hardly any income, securing 3 properties in a span of months and was wondering how they are doing it.

Down payments are no problem for me, but qualifying for mortgages is an issue.

I understand people may use VTB's etc... but are there other ways of creative financing in the ontario market?

 Hey Doug thanks for the reply. The $1m is the down payment amount I was hoping to use financing to increase my buying power by a good amount.

KWC area is about an hour away from me, so I did have some interest there. Properties seem reasonably priced and from what I see Kitchener properties can cash flow.

London properties are dirt cheap, it's quite interesting, they all seem to cash flow well if bought right. How is the tenant quality in the area? I would have to take time to learn about the areas.

Hard money lending scares me a bit, I'd have to read into the risks as I see a lot of people recommending it here.

Hey Lalit, I've looked in Toronto through MLS listings and private online listings and I'm seeing a 3-3.5% cap rate on multi family and the actual expenses are probably a bit higher than stated. A lot of these investments rely on appreciation, which is fine by me as I don't need the cashflow, but it seems like members of this forum don't recommend that, they seem to all be about cash flow.

What do you think?

 Hey Thomas, I've made my money by pretty much not listening to my financial advisor's so I'd have a hard time really trusting them with my money. I am referring to the advisors at my local bank branch, but I'm assuming there are advisors with a bit more knowledge out there?

 I was looking for syndicators in Canada and I can't find anything. When googling the term only syndicated mortgages show up in Canada.

Perhaps a different word is used up here? I've come across a private equity company and one syndicator from the forum thats about it, I can;t find anything else.

 Jay Hinrichs replied to my thread, thats milestone # 1 in my real estate investing career haha.

Thanks for the advice I will take a look into it.

I am slightly uncomfortable investing away from home, I was looking to start with something within driving distance of the Toronto area.

Wouldn't the returns from notes be less than the returns from actual properties?

My last thread didn't get much traction so I thought I'd try this.

With $1 million in cash to invest into real estate, what would you do?

For example:

1) One Big Multifamily with management

2) A few smaller multi families

3) Buy new maintenance free single family homes in the GTA since cash flow isn't needed (minimal work)

4) Look west of GTA and pickup a whole bunch of cash flowing properties slowly and build a portfolio (more work for me)

5) Other?

Some details about me:

• Located in GTA
• My Business makes about 400k a year and growing
• I don't take much of a personal income and have limited credit history, but an excellent score (bad for mortgages)
• Early 20's so a very long horizon.
• If my investments don't cash flow I don't really mind, I don't need the money right away.
• I do want to be a bit more on the passive side as I can make a lot of money from my other business. So things like BRRR or student rentals or properties that require a lot of my time don't really interest me.

Can't wait to hear from you guys.