All Forum Posts by: Kash Jawed

@Tyler Stiller yes - that makes sense. However how did your accountant handle this since you did a BRRR. These improvements listed would have still contributed towards your appraised value.

You shouldn't double dip. From consulting my accountant - You cannot expense your Capex in most cases. You are increasing value of your house and receive a long lasting benefit.

I suggest talking to an accountant and refer to this chart by CRA https://www.canada.ca/en/reven... 

That is a very broad question @Michellene F.

Have you looked at the great tutorial at https://www.biggerpockets.com/...  around different strategies

There are a lot of online resources on how to analyze the wholesale deals.. google "wholesale maximum allowable offer" and you will get different ways to analyze the deals. 

Purpose of MAO is to estimate the After Repair Value (ARV), deduct the closing, holding, and rehab costs.
Then deduct the profit you want to make. 

House hacking is a different beast where you would do your normal buy and hold analysis on multifamily. You would while live in one unit and the income you make from other units should pay for your financing costs and operating expenses 

@Robert Campbell - here's what i'd do:

- Check with a realtor for comps in the area.. expand the neighborhood if necessary
- Get comps for triplex and try to reverse engineer the numbers
- Crunch your numbers - If the ROI fits your portfolio, then i'd worry less about comps. It's a long term game

those expenses are missing a few items such as property mgmt, R&M.

Also, confirm with your lender if 20% is valid assumption as you may need a bit more.

@Paolo Di Donato - you mentioned conversion to a duplex but there's room for 4 units. Are you intending to convert to 4plex or just a duplex?

#1 and #2 are bit strange. I've never heard of these before. You may want to call them again and ask them the requirements. If they repeat #1 and #2, ask for details. 

 I'm referring to apartments, i look beyond cap rates. Also, I haven't run financials yet but it would likely be higher than this

 From what I'm hearing, it's around the same. I did some further research. Although I'm not ready to pull the trigger in Edmonton,  I like the buildings around Jasper and my second choice is Whyte (82nd) - Old Strathcona area. I drove around today and narrowed down some low rises.