All Forum Posts by: Matt Calnan

Ok so for first time new investors, i went to multiple of banks and there is no such thing as no money down or 3 or 5 percent low down payments, its normal 20 or 25 percent down, so only way i see to profit from rental or investment properties is either flip or do the brrrr method , cause you cant put a down payment of 20k,30k or 40 or 50k, cause it will take you forever to get that money back if your only cash flowing around $300 or $400 a month, you cant buy a property every 7 or 10 years doing the conventional method of buying a house, so you almost got to rehab the house and either flip or get it appraised for more and cash refi to get your money back and rent it out, i dont know how everyone making money, please dont say seller finace, cause that dont exist

Seems like you are telling us there is no way. Give up. Do not ask questions and educate. It’s impossible. RE is not for you.

RE has many different strategies. Seller financing does not exist? I guess that is one less property that I own. Buy direct from seller, 4 less properties. Good brrrr/value add, 8 less.

As has already been stated owner occupied is an easy way to enter with minimal down. Naca is full of hurdles and has a learning curve. Have you looked into it. How about traditional FHA? High LTV combined with house hacking including by room, STE/mtr, or traditional LTR.

Non-owner occupied there are value adds, BRRRR, Partnering, arbitrage to name a few. Any of which could result in none of your investment being trapped in the investment. Same rent options as house hacking.

This really is just the Beginning of RE strategies as I concentrated on one that does not commit significant funds long.

There are numerous passive options that trap funds but have produced great returns: syndication, mineral rights (We timed our acquisition perfect and had ~40% return on investment on year 1), NNN, Notes, REITS, etc.

You need to educate on possibilities rather than it is not possible (pessimism is not your ally. It is possible. Many people on this site are proof it is possible.

Good luck

Hard to get seller financing, i ask 2 realtors about that and they laughed and said your not going to find any one to do that, brrrr is the really only strategy i see, hear alot of haters saying oh there are tons of ways, but i dont see any body throwing numbers out there for examples

I think like the posts above say, you need to be more open-minded. It also can take a lot of time to find the right property to start with. I have 3 multifamily deals on the go right now, all of which are seller-financed for the entire down payment. It's 560 doors in total.

Be open-minded. Don't just think that the 2 realtors you've talked to know what they're talking about. You've come to a forum to ask questions, and people are going to give you their honest feedback and experience.

2 Votes

Hey Steve, thanks for the information. Yes, typically they would need to be accredited investors. However, there are quite a few exemptions that can be utilized. It makes the process a little bit longer, but it's definitely workable.

0 Votes

Hi Michele, welcome to the world of real estate investing. First of all, GREAT for you to put in the work to get educated. But you're absolutely right, at some point, you have to just jump in with both feet.

I know this sounds cliche, but you really don't know if you have a good partner until you start asking. Having said that, if you can't find anyone from a friend/family perspective, I think using a forum like BP or social media is your best bet.

What kind of property are you looking for? Are you looking to do the BRRRR method? Buy and hold? Multifamily? I think outlining that will help get more people excited about working together. Assuming you're looking to stay close to home?

For the record, my first partnership was not with family or friends. I took the plunge and found a couple of investors, and it really took off from there.

0 Votes

Newark, New Jersey

Hi everyone, I have 3 deals that are currently being finalized totaling 560 doors in Western Canada (3 different locations - British Columbia, Alberta, and Saskatchewan). We have the deals fully funded and have a bit of overfunding on them to create a buffer. However, I'd like to look to raise an additional $1M to $2.5M in the coming two months to finalize the cash buffer. The real estate being purchased is roughly $70 Million CDN.

Typically I have only used a few investors to fund my projects. But I wanted to take it a different approach for this funding (complying with security law of course) and look to find smaller investors to get them involved in the process. However, because I've always dealt with larger groups, I don't have many access points to smaller investors.

Any advice as to how to reach these individuals? When I say smaller investors I am thinking $25,000 to $250,000. Thanks!!

0 Votes

All Forum Posts by: Matt Calnan

Matt Calnan has started 3 posts and replied 24 times.

Post: New investors alert

Post: Canadian Multifamily Investments - Closing 560 doors in Q2

Post: Ready to take next step, but what is it?

Post: Canadian Multifamily Investments - Closing 560 doors in Q2