All Forum Posts by: Patrick K.

Hi all, most of the lender that I talk to either has to look at personal income or "regular" rental income from an investment property. Is there any lender that recognize STR incomes?

looking for professionals that specialize in working with real estate investors. thank you for your time.

Is there any merit to this? I find CoC return on real estate property is generally low already without leverage, not to mention with a leverage that will decrease the CoC return further. mayeb bank on appreciation?

Hi all, 

Could someone please shed some light on how financing is handled during a construction project? I understand most traditional loan would be expected to be paid off before a major construction project? and I will need to obtain a construction loan to not only pay off the previous loan but also cover the construction cost. What is the debt ratio for a construction loan and how are they evaluated? and after construction is done, a traditional lender evaluates the finished product and lends again?

for example's sake, let's say we are looking at a project to convert two single family houses into a 6-plex 

thank you for your time

I have a few properties down my belt but would like to gain more in-depth knowledge of the local market. but I have no interest in becoming an agent, (always felt an agent has to be a semi-public figure to be successful, which is not for me) but feel like just the pure amount of traffic they handle provides valuable information. What are some alternative ways?

Hi all, 

(I am in the greater Toronto area)

I have been buying rental properties within a neighborhood, and now have consolidated a sizable lot, though still missing the lot corner unit, which is owned by a developer. My properties currently break even cash flow wise and I want to decide what to do next. I have a few strategies in mind:

1. keep my rental properties, and invest to fix them up, or add extra units to maximize cash flow and just sit on them, I will wait for the developer to decide to sell their property. their property is vacant with no investment since their purchase, it can't feel nice to carry it. downside is if I am looking at redevelopment in the next 8 years then I won't recuperate my investment.

2. talk to the developer, and see if they want to sell at a reasonable price, if not, I develop without them, the downside is if they know they holding the corner unit on a consolidated lot, it won't be easy to negotiate. 

3. Work with the owner/developer to develop. the downside is I have close to no mid to large-scale development experience and felt I will be ripped off in this case. 

4. sell my portfolio off to the developer, I really don't love this, I am much more of a hold and wait for type of investor. 

What are your thoughts? sorry, my plan is not structured yet. Just want to throw out some ideas and get some feedback. 

thank you for your time. 

Hi all, 

in your opinion, what are some good airbnb-friendly cities that allow for commercial airbnb (i.e. does not require the property owner to live on-site or similar restriction that limits scaling). I am doing my research down a list, but would like some input so I don't miss some good options. 

Thank you for your time.

 mostly in Toronto, could you recommend some companies?

 Thanks for the answer, just curious, what type of rates can be expected from these lenders?

Hi all, 

seeing some investor has a portfolio of 200+ rental properties, I am wondering how does the financing work behind the scene? Personally, I have a really tough time securing finance at just 10 properties without having to resort to unreasonable interest rates. 

I just started to go through the podcast here, feel free to link an episode if there are some good answers out there already. 

I am based in Canada, but I'm sure the strategy would be similar.

thank you for your time.