All Forum Posts by: Amadeus Hladun

So my question is after I did the analysis on a property in a good neiborhood and all looks good and my cash flow would be 500 a month if I get it for what I would ask for. But with property management in place I would only be getting a little over 5% cash on cash ROI. I would be managing the property at first and that gave me a 10.65% ROI but I am not going to manage it forever so is it not worth it?

Thanks!

thanks you both so much! 

And ya I will PM you WHEN I have more questions because I am still trying to learn all the terms for things so I have a long ways to go but I'm getting there! 

Hi, I was just wondering what the difference was between a preforclosure and a short sale and pros and cons for both?

Thanks!

Thanks for all the advice, I am just trying to find a way around the answer I don't like that is that I don't have money and I just have to save and wait.

Because I don't have any collateral of any kind so I guess that would make it an unsecured personal line of credit which would hike up the interest rate and I don't have a house at all yet so I can't get a HELOC either.

So ya I was just wondering if there was any way to do this without over leveraging because that is not a good idea, but now I know that I will just tough it out and save like crazy, and gives me a good opportunity to read up more about real estate.

Thanks!

Hi, I was just wondering if anyone could explain any pros and any cons to getting a personal line of credit or any options there are that they know of to have a pool of money to use to finance my deals, because the truth is I need some way of getting money to start in real estate.

Honestly any financing advise would be appreciated because I am REALLY itching to buy my first property.

Thanks!

Thank you all for the feedback!

I will try posting some deals I analyze to see if they are really deals.

I just don't know how well these "deals" translate because I live in Canada, does that make a difference? Because I know that you can simply convert currency but I know it's more than that because house prices don't directly equate because house markets are so much different I've heard, do you know if this is true?

Hi, I am new to investing and I havent bought my first property yet but I am looking and learning as much as I can while I save up for a down payment. Which brings me to my topic, how do I know if I have a solid analysis or not because I have been doing on average 1 analysis per day for the past about 2 and a half months and I haven't found even 1 deal that cash flows, its always around $100 or more in the negative.

So my fundamental question is how do I know if I am just being way too conservative with my analysis or does that sound normal with the amount of bad deals for 2 and a half months straight?

Thanks!

oh ya sorry 7 figures in Equity and cash flow was roughly $180,000 each year I think

I really appreciate the input! :)
I already kind of knew I was just being to impatient.

But have you read the "7 years to 7 figures" ebook? and if you have is it still a viable model to follow even though I am not in the US (just like yourself) ?

Because I know that houses are more expensive in general in canada even after accounting for the currency exchange

And in your experience (how ever much that is) have you ever seen a fourplex for $100,000 to $150,000 in canada anywhere?

Thanks so much for the help by the way, I REALLY appreciate it!

So I have been looking for a Fourplex property but I cannot find a fourplex for less than $400,000. I have only been looking for like a week and I am new to real estate as well so I may be looking in the wrong websites or I'm just being to impatient but I find it hard to believe that I will be able to ever find a fourplex for $300,000 less than the average if I can't find even 1 listing less than $400,000 in a week. So I was wondering if the "7 years to 7 figures" property investment model is at all viable in canada or does it just work in the United States?