All Forum Posts by: Jesse Fragale

@Jesse Schultz@Ming Lim  hi guys great info thanks.  In regard to KWC, and specifically Waterloo..I agree it has gotten quite pricy--part of the reason I divested in that area.  Stratford seems like an interesting play....I'll have to check out the area.  Has Bieber increased RE values? LOL

@Ming Lim no way.  Are you finding there are opportunities in TO?  

I agree with you that it is informationally challenged.  I am lucky to work in the industry so I have access to multiple resources from retail to office.  If you I can assist you in any way be sure to let me know!

@Brian Gibbons thanks Brian!

Hi All,

Curious to hear from Canadian multifamily/apartment investors:

--> Which markets are you looking for acquisition of Multi-Family in?

--> How do you feel about the market outlook?

--> General thoughts on Canadian(specifically Southern Ontario) multifamily

@David Thompson very interesting!  Do you do predominately syndication?  I'm not sure about Austin but Toronto and surrounding areas is anywhere from $100,000 to $180,000 per unit....so I'm not sure 30 is possible at my stage.  But I would be happy to learn how!

@Matt Geerts Hi Matt, 

I wouldn't let a damn thing stop you from building wealth...whether that is expanding with SF or moving up to larger MF.  As has been mentioned in many podcast here, there are a million ways to skin a cat.  As you probably know real estate is a relationship based industry.  I'm sure there are a number of people here and in your network that are looking for quality PM and may bet on someone that will put the effort and time in to learn.  To David's comment, I would reach out in your area and connect with MF mentors...i sure am.  Also an engineering degree, at least in my view, shows credibility that you're a problem solver and a technical person. An asset 100% 

As you scale up there are always people that have been in your shoes--whether you're looking for 2 units or 2,000. 

@David Thompson

Hi David!  I appreciate the advice!  To answer your questions:

I am currently looking in the GTA and other periphery markets.  I have two properties in Toronto (one being my principal residence) and the cap suppression is making Toronto way to expensive if you are trying to cashflow.  There are still true 6-8% caps in these outside areas (I say "true" because I find people do not apply proper R&M and property management etc when looking at deals...which I think they should considering the underwriters do).

I am in a position now that I am in a position now where I can put approx 30% on deals between 1.3M and 1.6M so my intent is to purchase hold, refi, trade up.

Although I am also very interested in syndication.  My educational background is Econ and Finance (MBA) and have always been interested in syndication.

Why do you ask?

Cheers!

@Danielle Fattizzi Thanks so much!

My name is Jesse and I am a real estate investor living in Toronto Ontario, Canada. I have followed BP for sometime but have never signed up...until now.

A little about me. I started investing while in university in Waterloo, ON. I started with student rentals at 19 and got up to 4 properties in the area before graduating. I continued buying student properties in Waterloo and North Oshawa (University of Ontario IT). I was fortunate enough to be featured in Canadian Real Estate Magazine twice (if anyone is interested I could share the articles). Over the past 2 years I have sold 7 properties and have been focusing on breaking into apartments. While keeping only two student properties in the portfolio.

I have just gone under contract for an apartment building in Hamilton and hope to continue to purchase larger apartments.

As for my day job, I work for a Commercial Real estate in downtown Toronto. I work in our office group on the brokerage side.

I look forward to being part of the BP family!

Cheers,

JF