All Forum Posts by: Warren Lee

Talk to everyone you know and meet. I casually ask random people if they know anyone selling. I'm sure in your life time you have heard someone telling you that they know someone selling their home.

I'm in a similar situation. Stop looking on the MLS and find opportunities elsewhere. I have been able to find amazing private deals and I live in a expensive market.

All the deals I have done I was able to BRRR within 6 months. Never tried the 3 months though. I'm going to try for 1 month on my next deal!

I can't find a lender who will do more than 65% LTV in Canada on a mixed use property. Does anyone know any lenders willing to do more than 65% on mixed use properties in Ontario?

I've been pretty successful at investing, but I have never purchased this type of property before.

Thanks!

This is great, I'm in the same situation!

Hi All,

I'm Canadian investor working on my second deal and was hoping to get your advice.

Here is my deal.

PP = $800,000

Current rent

Unit 1 = $1274
Unit 2 = $1350
Unit 3 = $1224
Unit 4 = $1330

Total Expenses = $24000

Projected rent = $6800


1)Seller is willing to do any creative deal. Yes, that includes seller financing(will make sure i do not cash flow if i do decide to do this). He's educated and is an investor himself, most of his properties he acquired were creative financing and I would say he is an intermediate investor from talking to him.

2)Property is distressed(50k in repairs).

3)Rents can be increased.

How would you do this deal?

Thanks Roy.

I'm looking for a mortgage brokers that will lend 80% of the value on a 12 unit apartment building in Canada.

Where and when is the next meetup in ON?

Thanks for all the replies.

I have decided to put the 10% down. In the end, i still cash flow and i will still have money for another property.

Time for my second property!!

Thanks everyone