All Forum Posts by: Ryan Myers

@Russ Wahl

Hi Russ, much like everyone here I’m wanting the same, have been educating myself for years and want to dive deep into real estate investing a really build a portfolio of buy and holds. I’m working full time as a supervisor for the city of Saskatoon, have a seasonal side wood working business and have been greatly involved in DIY everything when it comes to renovations. I’m looking to build a solid team and manage the process, and currently looking at the Prince Albert market as it’s a lot easier to get into, as a builder have you considered there? So many good sized lots available for a fraction of the cost in Saskatoon, but resale is a little more challenging I would think, let me know if you’d like to get together sometime

Ryan

I am also from Saskatoon Russ.

@Skyler Dillman

Would be nice to connect Skyler....I’m in Saskatoon

@Russ Wahl

Prairies here as well, would be real nice to connect

@Joe Norman. I think the appraisal is needed to do a cash out refi after the purchase and closing with cash using a money partner, that’s what I was referring to with regards to that appraisal

very true, thank you Jason!

Hi guys just wondering what does everyone use to get a quick market value on a home? And or an appraisal!?

what's the "proper documentation"  that you mention?

as per #8 and #9

I am a newbie investor, where I've found a potential deal.  Elderly lady is selling her 10 investment properties.  Says most are elderly long term tenants.  Individually priced the homes combine too $847,000 with rents of $9150/month, $110,000K/yr.  Combined assessments $556,100.....now how could one prepare a creative offer for this.  They are simply wanting to get out, and walkaway from the headaches of managing these properties.  How can I step in and take that over?   What sort of offer could a guy present in a case like this?  Thanks, appreciate any feedback.

Ryan

Hey guys, so I've found someone who is looking at getting out of her rental portfolio back in my home town, which is a very small community.  

10 houses, and all individually listed combines too $847,000

says combined assessments to $556,100

total monthly rents $9150/m. $110,000/yr.  

Ederly and long term tenants in place.  

Assumption is there is more than likely nothing owing on these properties, now question I have is how could you get very creative here with an offer with no money.  Structure a creative financing offer on this.  Would love to hear some possibilities, thanks guys