All Forum Posts by: Brian Hosier

Hi @Tien James, I suggest connecting with @James Wise because he's an RE broker/investor and is an expert on the Cleveland market. He has built a huge team that gets the job done.

If you can qualify for a 1st mortgage, I can connect you with a company that would require just $25k down with a $75k first on a $100k property. Then you would earn 15% Cash-on-cash after all management and expenses. Message me if you're interested. They are presently working in Cleveland.

Hi @Adolfo Lopez, and welcome to the BP community - it's a fantastic place to network and learn. I would suggest considering investing out-of-state as a passive income strategy and let your money work for you. There are many turn-key providers who can provide you with great cash flow but you need to do your due diligence to ensure they can deliver. I invest with a Canadian company that has about $90M in assets across 700+ doors and they are expanding into the US next month. It's truly passive with a 15% cash-on-cash return on rentals, if you qualify. Let me know if you want more info.

Good luck with your investments and you're off to a great start.

Hi @Alejandro Buse and welcome to the BP community. I assume that if you're investing in BC you are primarily looking for an appreciation play and not cash flow? In the long run, you can definitely make money when your investments rise 10% in a year but I prefer to do the cash flow play as my preferred source of investment. As a result, I invest out-of-province and make a great return. 

We have a monthly meetup and had a dozen of us meet last Sunday at Deer Lake park. We always love to have new investors so let me know if your interested? Good luck with your investing. 

Hi @Jovan Lewis and welcome to BP, you're in a great community for REI. Others such as @Chris Baxter have already answered your question and unfortunately you're maxed out. As already stated, the max is 80% of appraised value and this was our experience this year when we refinanced our home with a 65% HELOC and 15% traditional mortgage, for a total LTV of 80% through RBC.

I can see you're motivated and eager to start quickly. However, real estate is also a game of patience and in your current situation you likely have no choice but to wait either for mortgage pay down or for appreciation.  If I was in your shoes, I would spend the next 24 months trying to accelerate your mortgage pay down and then see if there's been any appreciation. If you are able to pay down an additional $20-40k and your home has appreciated 5-10%, that might just give you enough equity to get started as an RE investor in a more affordable market.

Hi @Chris Baxter, hope you're doing well since we met in August. The company info package I sent you showed how we have invested our TFSA to get a great return of 29% when funding flips (see 'Ninja Flips') for the Saskatchewan company. If you have any questions, let me know, or just want to get together again to "talk about RE stuff" that would be great too.

I have not yet invested with them but I've long considered Mid South Home Buyers (https://midsouthhomebuyers.com) as a company I would trust and work with. They have a great reputation and a waiting list for their properties. They focus on the Memphis area

Also, a company I work with in Canada is expanding into the US and will be investing in the Cleveland area sometime next month. They offer a great cash-on-cash return and truly passive, if that's what you're looking for. Message me if you want more info.

Hi @Tarandeep Singh, you pose an interesting question. I spent the first 30+ years in the GTA and have now lived in Vancouver for the past 20+ years. There is no right answer I can give because it completely depends on YOU. 

From an investing perspective, Vancouver is a challenge. A typical newer 2-br condo outside of Vancouver is $600k+, and in Vancouver they are often $1M, so impossible to cash flow.  There are some pockets in BC where cash flow rentals are possible but I choose to live in "Beautiful BC" but invest where the #'s make sense. As a result I invest in Saskatchewan. 

I have owned rentals in Toronto and surrounding areas in the 1980's and early 90's but in my opinion, it's a tough market to get started today as a new investor. If you want to do a deeper dive into your question, message me and we can get together on a zoom call. Good luck in your real estate journey.

Hi David, yes the company I work with does participate in equity share. However, the market there is relatively flat with appreciation of only 1-2% annually so it’s not an appreciation play.

While I trade off a small appreciation gain, I more than make up for it in cash flow.

Msg me if you want to know more.

Hi Vinny,

Investing out of state can be more risky because just because everything is remote. Be sure to do your due diligence on the companies you work with. Turnkey investing can be a great way to start because they will have existing teams and market knowledge that you won’t have.

However, you can overpay for services if they are managing your properties.

For us, we invest passively out-of-state and own properties but have no downside risk because the business is run in a syndication-like manner.

If none of this makes sense, msg me and we can chat via zoom. We earn a great 15% cash-on-cash return and it's truly passive with zero headaches. Good luck on you REI journey.