All Forum Posts by: Alshan San

Looking into a Canadian triplex 30 minutes away from a major Canadian city. Priced at 190 but negotiable, the three units rent for 2k roughly each month. Needs about 15k in work. Would have low income tenants I'm assuming. I would be living 30 min away from property and can self manage and do paint, carpet, minor stuff. Paying all cash as I don't do loans for personal reasons. Expected yearly cash flow is 16k

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Originally posted by @Dennis M.:

...Total monthly rent that is

Yes and 1900 is more than one percent if the property sells for 160k

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Originally posted by @Dennis M.:

@Alshan San

Not a very good investment . 1900 a month on 210k price is not going to cash flow well

I see. If the price were closer to 160k, would that work out better? Again I'm not taking loans and this is a cash purchase. Real estate in Canada is very high and not comparable to the states.

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Just starting out and comparing investing in American cities as opposed to Canadian cities, does anybody invest in Ontario Canada? There seem to be some good duplex and multi family opportunities in smaller towns. Single home prices are too high to choose American cities though. Thoughts.

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Looking to jump in and have found a unit I'm interested in, it's in a small Canadian town exactly 30 minutes away from a major Canadian city. Unit one has three bedrooms, a bathroom, and rents for 1100 Canadian (roughly). Unit two has two bedrooms, a bathroom, and rents for 800 Canadian (roughly). It's a side by side duplex and is in decent shape, new roof 10 years ago and new propane furnace couple years ago. Asking roughly 210k but seller is very motivated. I'm in a unique position as I don't deal with loans and interest due to personal reasons so this would be my first and main investment for atleast ten years until I save enough to find another. Thanks

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Originally posted by @Diana Smith:

I have an excellent property in Hercules, California if you want the information and are a serious buyer let’s connect!

Sure let me know

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Originally posted by @Jessica G.:

@Alshan San I haven't been to the auction yet myself but I've heard that people are overpaying. Believe it or not, I've had the most luck going through the FSBOs on Craigslist and just calling/texting the owners directly! I also do the driving for dollars thing sometimes, and I'll look up the property owner on Facebook and send them a message! I'm eyeing a multi-family in my area so I looked up the owner and I'm taking my husband to go knock on his door and introduce ourselves this weekend. I'm on a lot of wholesalers lists, but the numbers 99% of the time are laughable.

My goal is to really get in front of people because I think my biggest strength is building rapport and connecting with people. It's so competitive I think you have to find a way to get directly to the seller or potential seller.

That's great info, yes I noticed the auction was expensive for the sub 150k houses but anything over that there were big savings to be had. 300k houses going for 200k etc. What is driving for dollars?

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Originally posted by @Jessica G.:

@Alshan San DFW is getting harder and harder to find properties that cash flow, prices are high in comparison to what they can rent for. If you are out of state I might try other markets as well, but with that being said this is a great part of the country and the population is growing rapidly. My sweet spot here is $100k - $170k because I don't want to mess with the under $100k crowd and I think it rents above $1,700 will be tougher to fill. But like I said, it's hard because this price range is competing with not only investors but first-time home buyers who are happy to pay above market if they can afford the payment. You can find stuff off market though so keep at it!

@Michinori Kaneko I agree with @Matt K. most of my friends easily afford $2,000/ month rent/mortgage payments but they also drive new cars every other year, buy new expensive clothes every time the wind blows, and go out to $200 dinners regularly. They live at or above their means. I'd be surprised if any of them had $5k to their name let alone $40k.

Thanks for the info. What methods do you use to find off market or rehab houses? I've been to the court house auction once but was disappointed at the prices and most of the over 100k houses got pulled.

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Originally posted by @Matt P.:

If you run a tight ship I think you can make it work as long as your local and hands on. Like some others have said you need to adjust your criteria for Tennant screening with these assets but once you understand what kind of credit profiles your generally dealing with you will learn what to look for. I have some C rentals and want to see a steady work history with no past evictions and no huge amounts of outstanding debt. @Matt K. how many investment properties do you own?

And are you physically going to each c rental and collecting rent every month and keeping tabs on your property yourself?

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All Forum Posts by: Alshan San

Alshan San has started 7 posts and replied 25 times.

Post: Advice on Canadian triplex

Post: Canadian triplex advice and thoughts

Post: Opinions on first rental unit (mfh)

Post: Opinions on first rental unit (mfh)

Post: Anybody investing in Ontario Canada?

Post: Opinions on first rental unit (mfh)

Post: Opinions from cash investors

Post: Investing in cheap houses VS expensive ones

Post: Investing in cheap houses VS expensive ones

Post: Investing in cheap houses VS expensive ones