All Forum Posts by: Maxim Ouellet

I just purchased my first 4plex in Trois-Rivières(Quebec,Canada) I paid 206 000$ at a  2.04% with rbc. I have put 20% down(42 000) the place cashflows 580$ a month. extremely grateful for that.

As if this wasn't enough, yesterday we had the amazing news that a wealthy family member is ready to pay cash for a property up to 500k for us(Plex, house, etc) to live in and  repay him monthly interest free (about 1 500$). 

knowing that a part of the loan could be used for renovation, what would do you think would be the best investment for us when taking into account comfort(as we would live there) and rentability) ?

Thank you so much for your reply’s, much appreciated!

What are to your opinon the best province to invest in real estate(Plex).?

Where do they have the best rules and so forth?

Hey everyone,

My name is Max, I have about 30k  and  would like to invest it in real estate in Canada. Anyone here knowledgable about the market in Trois-rivieres (QC,CANADA)?!

Should I wait and build up cash reserve and see what happens on the market? 

Looking for advice and what people think will happen with real estate in the foreseeable future

Would love to connect with people around me who could eventually bring me a good deal.

I speak French/English and Spanish and I am in the cellphone industry (if that can be of help to someone in here!)

Thanks for your time 
 

Kind regards

Max

Wow, ok I will take this rule into consideration thank you. Your conservative approach seems a lot more down to earth. I guess if the numbers still make sense after aplying those rules you are a little bit closer to get yourself a good deal. Thank you for taking the time to share this with me!

Beautiful semi-detached home

Features 3 bedrooms and 1 full bathroom. Needs complete renovation( entire gut) - great opportunity for investors or to create your dream home in a great location. Walking distance to Metro station, public transportation, and everyday amenities.

Asking price: $365,000
ARV: $599,000

Absolute newbie with a growing passion for real estate investments.