All Forum Posts by: Al Pereira

Thanks for the helpful post Joel, your advice about location and quality is solid and succinct. 

Between below rent and fully stabilized for cash flow over the long term in a quality growing area is our goal.

Cheers, AP.

Thanks everyone for your replies so far, I will be sending pm's to those of you that I think will be helpful. 

Can anyone shed more light on investing in multi-family properties in these areas?

Hello! I'm an experienced (20+ years) Canadian real estate investor that wants to broaden our portfolio with some US holdings. I've done a fair bit of research and like the Tampa / Orlando areas for our first multi-family US investment. I plan to fly down in the next 2 months.

I have 25% down and I'm pre-qualified with BMO Canada and I'm told that BMOHarris can handle the financing. Hopefully that will smooth out some of the financing wrinkles.

As a foreign buyer what specific challenges should I expect?

Can anyone shed any light on some potential pitfalls of investing in these areas?

Can anyone recommend a top multi-family agent?

Any advice from locals and investors would be greatly appreciated.

Many thanks in advance 

Be very careful. Buying this unit based on projections is foolhardy and many of these numbers don't pass my "smell" test at all. Ask them how they're going to guarantee that the property can be managed for $50 a month? Then ask them how they can guarantee the property will appreciate by 3%? No experienced landlord is going to budget 1% for repairs and maintenance. This is overall, a very poor return for a Northern BC rental.

Just my 2 cents as a 20+ year rental investor based out of Kamloops. I invest in Northern BC as well.

Thanks for your very informative reply David. Perhaps I can treat you to lunch and we can exchange some war stories? I'll send you a request.  Cheers, AP.

Thanks for the replies everyone. I'm not yet certain on where I want to invest and I know that makes my request very vague. I'm looking for good sized growing cities of 250,000+ people while easily achieving the 1%+ rule with increasing property values. Landlord friendly states with lower property taxes would be a real bonus. Does a city/state like this exist? What are your suggestions?

Hi I'm Canadian! 45 year old guy with a young family that has 20+ years of experience with fix and flips, buy and holds, and a little in between. I'm in the Kamloops, British Columbia. I find myself with spare US cash that I'd like to deploy in the US with a trusted partner or partners for longer term buy, rehab, rent and re-finance deals. Ha! I never used the Brrr acronym until I found this site. I can offer my experience and funds to create a large portfolio over time. I follow strict models with the 1% rule or better in my investing and I'll be doing a great deal of investigation into my future partner(s) and markets. If anyone can point me in the right direction, I would appreciate it.

Hi I'm Canadian!  45 year old guy with a young family that has 20+ years of experience with fix and flips, buy and holds, and a little in between. I'm in the Kamloops, British Columbia. I find myself with spare US cash that I'd like to deploy in the US with a trusted partner or partners for longer term buy, rehab, rent and re-finance deals. Ha! I never used the Brrr acronym until I found this site. I can offer my experience and funds to create a large portfolio over time. I follow strict models with the 1% rule or better in my investing and I'll be doing a great deal of investigation into my future partner(s) and markets.  If anyone can point me in the right direction, I would appreciate it.