All Forum Posts by: Jacob Perez

Hey @Pratibha Singh,

Welcome to BP - I've worked with a ton of people on this site and would love to learn a bit about your goals. I'm also heavily invested between Hamilton & the Niagara region so can even provide a lot of other great contacts you may be looking for.

Jacob

@Ben Welch if you acquire cash flowing property, you don't really need a large appreciation to get a great return on your investment.

With that said, I'm pretty bullish on Canadian real estate. Government seems to be doing nothing what-so-ever to help the supply issue. Record immigration is coming to Ontario in the coming years. Inflation seems to be evident, all positive for values. 

Thanks @Ming Lim ! 

If anyone is looking to learn a little more about optimizing their financing to buy multiple properties feel free to DM. 

Awesome seeing the Canadian investor community continue to grow.

Welcome - Good luck with your goals !

@Tyler Stiller - Good Q. 

Depends on several items:

• MTG will help you qualify higher on your purchase then drawing on a HELOC
• HELOC give more flexibility if you're unsure how much you'll need
• HELOCs make more sense on a primary specifically if you know you're BRRR'ing all your money back.
• If you choose the MTG route I still recommend getting a HELOC for the remainder of equity to the max you can have just for availability.

For any further specifics send a DM and we can chat.

Hey @David Cam

Great to meet you over BP. I wouldn't say that it's risky, especially if you can afford the higher payments without the additional cashflow coming from your next property.

This is a standard method of building wealth, the same way you're leveraging a mortgage on your rental property with the exception of your down payment, again you'd be simply leveraging debt to earn a bigger yield with predictable cashflow.

Now how you structure that equity take out or Home Equity Line on your home WILL impact your long term borrowing goals.

I'll send you a DM to instruct further on this.

Jacob

Hey @Amir Sperling - Great to connect with you over BP - I've met & helped a lot of great people on this site. My team and I finance all of Canada but specialize in Ontario.

Ottawa is a great market to invest - Will send you a DM so we can chat.

Hey @Vivian Liu Probably a phone call is best to get detailed on all of this.

In terms of areas it depends what you're looking for I'm comfortable in most areas of the city if the deal meets the personal metrics that I'm tracking for a project. In terms of utilities, it's your decision how you'd rent your units.

When I was newer I used to rent all-inclusive for ease, but now I charge + utilities for most / all my units.

Hey @Mellinda Thaxter,

I made the leap on the mortgage side years ago, I now own a brokerage & coach the newer agents, it's very similar to the real estate side. 

My advice is that if your goal is to be full-time you should be operating full-time. Now that's sometimes easier said then done, so you'll have to plan, budget etc. But you'll get your production going by actually working at it full-time (usually more then full-time) vs. Part-time hoping it eventually picks up.

Feel free to DM we can chat further on this.

Hey @Lyndsey Desjardins-Gee 

Great connecting with you here - I have a huge network of Windsor Investors I can connect you with. I invest outside of Windsor but can give you the lay of the neighbourhoods and type of properties you can likely expect.

Send a DM & we can chat further, would look to learn a bit more about your goals.