All Forum Posts by: Matt Andrews

Hi Anna, can you send me some more details?

Hey Matthew,

The way that I would obectively look at this would be to run the numbers like so:

1. Determine total costs to tear down and purchase an airstream, and divide by your additional Net Income that you gain by doing that. This figures out your break even timeline. Take the inverse (Net Income/cost) to figure out your ROI going forward (only applicable after you break even)

2. Determine the best you can what size impact on refinance that this would have on your refinancing goals (eg. $20k less, $50k, less etc.) and apply a reasonable rate of return that you would expect to make on that amount of money if you were to refinance. Be sure to subtracting your financing rate from that. eg. 20% ROI - 5% Cost to Borrow = 15% Annual Opportunity Cost. On $50,000 this is an opportunity cost of $7,500 per year. How does this compare to an increase in net income?

3. Compare Your Findings for your Break-Even Calculation, Your Refinancing Opportunity Cost, Net Income for Airstream, ROI for Airstream, with your goals and timelines.

If you really wanted to, you could chart or graph your findings, which might help show you interested trends such as if your timeframe is less 3 years it makes sense to refinance, but if it's longer than you'd want to do the Airstream, or something like that. Ultimately this is just a numerical approach with a medium degree of guesswork involved, and there are definitely other factors to consider outside this scope. Hopefully this method and doing these calculations might provide some insights or objective information for your decision.

I have co-purchased this program and have spoken directly with Brian. He is a very knowledgeable person in the Short Term Rental space, and we've implimented his strategies on 8 properties to date. Definitely worth it in my opinion. Being connected with his network is pretty valueable too, as deals get passed around. PM me for more details.

Hi Annabelle, yes if you file the LTB will still give the ruling to collect the rent. Actually collecting the rent is usually the challenging part. In my past experience, anything under 3-4 months rent (not that it usually ever gets to that point) is not worth trying to collect on. The cost, time and aggravation, combined with the rate of success of actually getting paid isn't worth it in my opinion.  

Join us for this special summer edition of the WinCity Investors Club!

We are bringing you 4 excellent speakers who are coming to deliver huge value for your real estate business. Get ready for an evening of education, networking, fun activities, and dinner. Investors will be coming from all over Southern Ontario for this special event that you won't want to miss!

PRESENTATION TOPICS

Mortgage Hacks for Non-Stop Growth - Jacob Perez

Jacob has been investing in real estate since he was 23 years old. He is also a Mortgage Agent who works almost exclusively with investors looking to grow their portfolios fast. Jacob will shine light on which mortgage products he says every investor needs to be using. How to establish a cash flow buffer before you collect your first rent cheque. In addition, he'll break down the most effective ways to take advantage of your primary residence & structure financing when bringing in joint venture money partners.

https://www.synergymortgagegroup.com/

Creating Your Ideal REI Strategy - Monika Jazyk

Monika is the co-founder of Real Property Investments, co-founder of MORE: Mothers of Real Estate, and author of Real Estate Mistakes- Our Mistakes, Your Success, and she has been featured in Canadian Real Estate Wealth magazine. Monika is a successful buy-and-hold investor and she helps investors formulate a strategy for their financial independence, specific to their market and situation. 

http://rpinvestments.ca/

How to Crush it with Student Rentals - Jon Seguin

Jon is the owner of Seda Developments and a successful real estate investor. He has had huge success with flipping student rentals to create high-end student rentals that cash-flow much higher than average. He'll be speaking about the Windsor student market - what's changed and what's expected for the future, how to get quality tenants, premium vs standard vs substandard rentals, changes in regulations, how to find good properties, and more.

https://www.sedadevelopments.ca/

Financial Independence, Retire Early through Real Estate - Matt McKeever

Matt McKeever, CPA, CA is a real estate entrepreneur who quit the corporate rat race at 31 because of his real estate portfolio. On his YouTube channel Matt discusses the importance of taking control of your financial future and how real estate can help the average person reach financial independence and retire early.
youtube.com/mattmckeever

PLUS a surprise appearance.... !!

This will be an indoor/outdoor event. We will have some opportunities to enjoy the summer weather and play some games if you're into it, so please feel free to dress casually.

We promise that you will leave this event having learned something valuable to apply to your business, and having made some excellent connections.

Advanced ticket prices are just $25 per person, or $40 per couple. This includes a BBQ dinner (there will be veggies options too!).

Buy your ticket here:

https://www.eventbrite.ca/e/special-summer-event-wincity-investors-club-tickets-47978169998

Hi Ben, my investing partners and I are very interested. Please send me the details to [email protected]. Thanks

Hi please send me the details to [email protected]. Thanks

Hi Josh, can you please send any further information you have available. My partners and I are very interested. Thanks!

Hi Dillon, please send me as much information as you have available. My partners and I are very interested. 

@AJ Dhillon congrats on the business success! No doubt if you apply that same ethic and system you'll crush it at real estate. The market that I've been investing in over the past few years (and even moved from Guelph to do so) is Windsor. It's one of the best in the country from a cashflow/CCR perspective. With $1,000,000 I'm sure you can find or get help finding financing for 20 single family homes, or a downpayment and renos on a 30-50 unit building. I'm in the process of acquiring both myself and if you want to chat about this, investing, business or anything hit me up with a message or text/call 5193006416.