All Forum Posts by: Conor Stephenson

@Conor Stephenson welcome to BP! When you are forecasting your ability to buy property (one ~3 years) are you calculating your equity correctly? Investors that scale rapidly do so by leveraging every bit of equity to buy their next property. We buy 'value add' properties where we see an opportunity to raise income and decrease expenses. In the MF space, that's what drives value and allows a rapid increase which can be leveraged into new properties. The Canadian market is much different than the US, though, in that many jurisdictions have some from of rent control. We can't simply bump the rent to add value, but instead have to find strategies to re-purpose a property (add suites, storage, etc.). This comes with added cost, however, so you need to reserve part of your capital for doing these improvements.

Thanks Chris, great point on the equity side of things that probably decreases that timeframe pretty significantly (and snowballs over time of course as you add more properties). Appreciate the Canadian perspective as well.

I saw you moved into commercial and multi-fam - are you managing other people's money as part of your strategy? I'm Ontario based by the way

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Hi Everyone,

I'm looking to start to invest in rental properties (ideally small multi-family, potentially value-add). My question is around how folks are acquiring so many doors in just a few years. I'm 28, I make about $200k/yr, and have about $100k in liquid savings right now after purchasing my personal home two years ago.

This seems to me like maybe if I'm lucky I can buy a property every ~3 years (depending on price, but expecting a minimum downpayment of $100k as an example).

Many of the books I've read reference acquiring OPM and structuring deals so it makes sense to the investors as they get to be hands-off and I do all the leg work. This is interesting to me because I think I bring strong financial management and sales skills to the table. The problem is these books are typically in reference to US markets.

Is it possible to do this OPM in Canada? Are there any good books/references I can check out?

Thanks!

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All Forum Posts by: Conor Stephenson

Conor Stephenson has started 1 posts and replied 2 times.

Post: Acquiring Properties - Best Approach Based on My Income

Post: Acquiring Properties - Best Approach Based on My Income