All Forum Posts by: Maxime Laroche

Hi Chloe,

With $275K, I would feel more comfortable to low-ball offers because the seller know you can close, and close quickly. Then, I would use the BRRRR method like you wanted. Except, If you have the ability to renovate multiple houses at once, you could refinance straight after buying in order to buy the next property. so BRRRR would have a different order in your situation, maybe even 2 refinances (one before renovating in order to get the next deal and one after you increased the value of the property)

Hope this helps!

Really? Low class meaning what? They don't like high rents low class or trashing the property low class?

And what about Sherbrooke?

Hey William,

I agree with you. Properties with few units (1 to 8 ish) do not seem to cashflow in the greater Montreal area. I'm thinking of going outside the area into 50-150k people cities to invest because I can afford it the near future and they seem to cashflow. I'm talking places like sherbrooke, Shawinigan, etc.

Btw I'm also a complete newbie trying to find a first deal so take what I say with a grain of salt. 

Hope you find a good deal soon!

@Greg M. There are 4 units that are for the middle class and 1 that is a luxury unit (usually for the owner to occupy).

I plan to live in the smaller, less expensive unit to improve cashflow.

But it is true that zoning should take a while and allow me to sell if ever office buildings conversion would happen

Hi guys, I'm thinking of buying a 5-plex in Montreal. This would be my first deal. It currently cash flows. However, I am worried that office buildings will convert to residential units afters the pandemic ends and companies realise they need way less space that before than before to operate. If These office building convert to residential units in order to survive, wouldn't they flood the residential real estate market by over-supply? This could lower rents significantly and turn positive cash-flowing rentals into negative cash flow. 

I would love to hear your opinion about the topic

In USA, it is possible to buy a 1-4 unit property with 3.5% down as long as you live in it for at least a year. Does anyone know if this is possible in Canada ? (If province specific, Quebec?)