All Forum Posts by: Jonathan Yeh

Can you elaborate on this please? Not 100% sure if I understand what you said here.

Thanks!

Hey guys,

just a quick intro, I have been a landlord for my parents' unit for the past 5 years, and just this year I've decided to purchase my own properties. All of which are in Canada (Alberta and Saskatchewan).

I have gotten 2 SFH, but based on my research, Multi-families is the way to really scale the return and hit that FIRE number much quicker.

The problem is, I have no idea how to participate in one, or even start one. I have searched some apartment/condo buildings, but those are pretty much the steps I've taken so far...plus it does scares me quite a bit to think that I will be part of a huge project like that.

Any recommendations/comments/thoughts will be appreciated! Thanks in advance :)!!

To be honest, it seems like you are being ripped off here...

you have done a great job, and should be compensated accordingly. 

Agreed with the percentage recommended above, best of luck!!!

That's what I think so as well! and sorry I should've specified that those rates are APR. Thanks for clarifying!

Hey guys, I've recently purchased a preconstruction (Alberta, Canada), and my mortgage guy offered me two rates, and I need some of your expertise in this.

1. 25 year period at fixed 2.54%, which comes down to about $1548 a month for 5 years period.
2. 30 year period at fixed 2.87% which comes down to about 1371 a month for 5 years period.

option 1 has total interest: around 118k
option 2 has total interest: around 160k

I've always thought to lock it down at 30 years cause someone else is paying for that hence higher cash flow, but the mortgage guy is recommending at 25 years because of the low rate. what do u think?

a good friend of mine brought this company to my attention and suggested that I should invest through them. I want to know if anyone has done deals with them, and talk about their own experiences!

Epic did offer their own references but I'd rather hear from someone else. Thanks in advance!

 Thanks for the advice!! 

 I do if I dont pay it in full, I'd have the cash sitting in the bank tho.

Hey guys, I've recently purchase a preconstruction. My plan was to purchase in full with cash and HELOC the money out when I'm ready to purchase my next rental.

Here's the problem, with recent situation, I'm leaning toward getting mortgage with the low rate and the risk of house market falling.

The reason why I'm not investing the cash somewhere else is because this is the funding I got from selling my inherited house, and I made a promise to myself that the funding will only be for real estate investing. Therefore not putting it in stock market at all, and leaving it to get 2% from the bank is not any better than purchasing the house in full to receive higher cash flow. 

Let me know what you think/suggest. Thanks in advance! Lastly, be safe!

I'm wondering if anyone here knows any legitimately good turnkey companies from Calgary? 

Also, TIPS in investing turnkey properties are very VERY welcome!! 

Thanks in advance :)