All Forum Posts by: Billy Singh

I suppose the demand for new properties do exist and even the rentals. I ended up receiving 50+ viewing requests and 15-20 filled applications for a single unit.

If you are able to force appreciation/value addition, that might be a worthwhile project to undertake. Once you're done with it, whether you want to hold it or dissolve for profit will be your choice - as both of them seem to be working well in these markets right now. 

@Kam Lolavar I've been researching and working on Oshawa region for the past 6 months.

I see the market process 6 have soared in the past 2 months. It is not uncommon for a cashflow property to receive 70-125k over asking, thus taking out the positive cash flow.

I got a legal duplex in Oshawa on new year's, and my brother got one right now. He had to pay 76k over asking, unconditional offer to get accepted.

The market is too hot right now for sellers.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $489,000
Cash invested: $102,000

Legal Duplex (2+2)
Rented out one unit and planning to stay in another for the short term.

What made you interested in investing in this type of deal?

House hacking and Buy/hold

How did you find this deal and how did you negotiate it?

MLS.
Negotiated by inspection and reno costs

How did you finance this deal?

Traditional

How did you add value to the deal?

Small Reno

What was the outcome?

Positive cashflow

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Waiz Ahmed