All Forum Posts by: Ram Srinivasan

@Ehab Shoukry, that is FANTASTIC, really well done. I realize you bought all these properties 20% down - now is this all through your own funds and resources?

@Ellen Hearsey - I agree with you. Eventually the severance is going to dry out and some landlords would like to liquidate to get their cash out.

I see that you're from Hinton AB - Nice spot, (I am there around 3 times a year for work) :)

Ram

@JD Boyce 

@Pachalo Mkandawire

Hi Pachalo, JD Boyce of Calgary completed a flip and is working on one with a selected group of individuals. He might be able to help you on your topic.

@Account Closed, would you have the mortgage capacity to do (20%), but in the end have 5% to 10% remaining in the deal? If so, deals like this are available

@Sean Claremont - Just curious, There are a billion flyers with "Mega Deals" out there and many appliances on Kijiji, how about that route?

@Jason C. That's great - I think I  have a feel for what you are looking for, because I look for the same things :)  I am on property # 5 at the moment. 

A couple things you probably know but will state here:

- Have you been pre qualified for an investment mortgage? Lenders are looking at bonuses more conservatively for those working in Oil and Gas (I am one of them, and I suspect you are too). My suggestion to you is to get pre-qualified for a mortgage so you know exactly how much you can borrow and thus tailor your investment.

- Using Home line of credit is fine but keep in mind this counts towards your debt when lenders assess your maximum borrowing capacity.

I would tend to agree that Calgary, Edmonton and surrounding areas are probably the safest bet in this economy.

There are cash flow deals out there for sure if you know where to look. Feel free to PM at any time if you need any help

Thanks, Ram

@Deepak Mirok - Yes we Do. 

We have a FB group for easy set up of meetings but its been quiet lately.

@Sean Kollee - Question - Why do you call We buy houses if you are looking for lots zoned for Multifamily?

@Account Closed

There are certainly ways to make money with Condos. Yes, its a lower price point, lower point of entry. I also believe they are the quickest asset classes to appreciate. In the same breadth, I believe they also lose value when the economy tumbles. Less maintenance, but there are condo issues you need to be aware

There is a Yin and Yang with this investment and you need to find a way to be on the good side :)

My encouragement to you is to ask around BP with people who have had experience with this investment (both good and bad).

Ram

@Jason C.

Welcome to the group. To give you more focus, I have a few questions for you to help focus your thoughts:

1) Why do you want to go long term buy and hold? I mean why do you really want to go long term buy and hold and not other investment strategies

2) Where specifically in Alberta do you want to invest and why?

3) In relation to Q2, how do you plan on doing so. Do you have capital to invest? Are you looking for investors and JVs?