All Forum Posts by: Amber C.

1) Major centers of employment and population - esp in a post COVID world. We won't be working from home forever and offices, malls, places of entertainment will all return one day. With that in mind, I would want to invest in an area where the local economy is as diverse as possible as there's a greater chance of buffered impacts to employment.
2) Transportation - the trend is away from people not owning their own cars. So public transit is key. Even for those that choose not to use public transit, you'll need a place well support by uber and the other drive sharing programs.
3) Tenant profiles - This is super key. Wherever you're buying you want to ensure you're getting GREAT tenant profiles. Responsible, young professionals are who we go after. I can write pages on why, but in general, we want tenants who'd rather eat Kraft Dinner and still make rent if they're short on money. We stay far, far away from what my business partner loves to call, the "beer and weed" tenant profile - people who will spend their money on beer and weed, and pay rent with whatever is left over.

Hope that helps!!

Cheers,

Ming

Hi Ming! How can you decide if an area has good tenant profile or not?

2 Votes

Hi Everyone! My husband and I are looking to buy a house for primary residence use.

I was wondering is it better to buy a starter home (3 bedroom, 1-2 bathroom, 1 garage) or a move-up home (4 bedroom, 3 bathroom, 2 garage)? Which kind of home will appreciate more? Assume its in the same city and neighbourhood.

We will need 2 rooms for us. We won’t be needing 4 rooms.

0 Votes

@Jim Pellerin Hi Jim! Are you looking to sell some of your portfolio? I am happy to chat!

0 Votes

@Kris H. How did you find off-market deals?

0 Votes

What do you think the market/price for Multifamily after COVID?

In terms of people’s behavior change, ie prefer more backyard and living space vs. living in a building.

Where I am (Toronto), we have seen a lot of people move out of downtown. Rent in downtown have been drop 20%.

I own rental property in apartment and also houses. So many inquiry for the house but little for the apartment...

1 Vote

When you look at multifamily building, how to use “Built in ____” information?

Is there any rule apply to this?

- Building older than certain number value less?

- Cap rate will be different when exit?

0 Votes

@N M Clarke I'm interested in the trust LLC structure you have! Can you elaborate more?

0 Votes

@Michael S. Can you elaborate more on this? Are you building apartment building?

0 Votes

@Roy Cleeves thank you for sharing! This is a great deal!

0 Votes

I came across a vacant land (raw land, seasonal access, no hydro, no well). We want to buy it and build a vacation home.

Listing price is $250,000. It has been ok market for 500 days.

Owner bought this land for $200,000 ten years ago. They definitely overpaid for the land.

A similar land nearby, better condition actually (all season road access, cleared land), is recently sold for $100,000.

We think the fair value of the land is $150,000. A land next to it is asking $320,000 but it has 5 building lot, they want to sell to developer.

Can someone with experience show me what’s the best way to negotiate?

1 Vote

All Forum Posts by: Amber C.

Amber C. has started 14 posts and replied 22 times.

Post: Ask Me Anything - Investing in Toronto AMA!

Post: Starter home or move-up home?

Post: Moncton NB, Commercial Multi Family 5+ Units

Post: Multifamily in Canada

Post: Post-COVID Multifamily investment

Post: Age of multifamily apartment building

Post: Cash Out Refi for Properties in Trust LLC

Post: How do you build an apartment complex?

Post: Closing 21 units in Halifax with 7.5% Down Payment

Post: How much below asking price