All Forum Posts by: Scott Innocente

Quote from @Scott Trench:

Wow! This is a big time deal. Congratulations. Did you syndicate this? 

 Thanks!  yes it was syndicated out.  38 total investors helped us digest this one.  Looking for the nxt opportunity as we speak!

Quote from @Dmitriy Fomichenko:

Congrats @Scott Innocente !

 Thank you!  It's performing above expectations.

Hi, I'm a member of a group that does syndication (Coachwood Capital) and most of our investors share the same concerns.  

1.  I always invest in my own syndication and I'm more than willing to show my bank deposit

2.  Check on the syndicates experience and trustworthiness (look for referrals, social media, etc).  Do they have a track record?

3.  What does your gut tell you?  

New Yorkers continue to stampede south as record number swap to Florida licenses
Statistics like these highlight the importance of staying up to date on current market trends while finding ways to capitalize on them.
https://nypost.com/2022/09/20/...

Multifamily Investing In Canada – Key Differences You Should Understand

There are several key differences between investing in Canadian large multi-family vs investing in US large multi-family which simply make the US (in general) a far more favorable environment.

In sum, strict rent control laws across most provinces make it difficult to operate large multi-family properties with large profit margins, they also make it difficult to invest in property repairs since it is often not profitable to do so. These strict rent control laws across Canada keep profits low and risk high.

https://www.multifamilyinsider...

Windsor home prices third cheapest in province despite increase in 2022

There is a certain level of safety living/buying/investing in one of the cheapest cities in Onatario, and one of the most affordable cities in the country. I'd be a lot more nervous buying in top-priced cities like Toronto/Vancouver/Kitchener-Waterloo/Etc.

Windsor Remains the Most Affordable Rental Market in Ontario

Windsor is the most affordable housing market in Ontario for home sales and rents, which provides a certain level of safety in a shifting market. Investing in the lower priced cities carries significantly less risk than their more expensive counterparts.

https://www.ctvnews.ca/canada/these-are-the-most-expensive-canadian-cities-to-rent-a-home-1.5956534?cid=sm%3Atrueanthem%3Actvedmonton%3Amanualpost&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR24Mv6hTWIzYNr-VVrHCrHgXHuOZGL-IOwEQCn4vuvaqcBMWsq4xMO04hc

This Toronto company vowed to buy $1 billion in single-family homes to rent out.

Institutions have finally caught on to the fact that real estate, simply put, is the best investment class in the world. Expect the trend of big players snapping up supply to continue, proving a floor to real estate prices and keeping the rental market tight.

https://www.thestar.com/business/real_estate/2022/06/27/this-toronto-company-vowed-to-buy-1-billion-in-single-family-homes-to-rent-out-heres-what-its-been-up-to-since.html?fbclid=IwAR2BnqngkOl0berS3nwqf0YlyPPuXNSycpIa27ta8cWuT7yBmjh-SRlrPyw

Greater Toronto Area (GTA) rents skyrocketed by 16.5 per cent year-over-year last month, leaping from $1,998 in May 2021 to $2,327 in just one year. This should serve as a reminder that the housing shortage in Canada has NOT been corrected, despite declining prices due to rising rates.

https://www.blogto.com/real-es...

DEVELOPERS COULD CANCEL APPROXIMATELY 5,000 NEW CONDO UNITS AS CONSTRUCTION PRICES RISE, INDUSTRY OBSERVER SAYS

Estimates show that Ontario is 1M homes short over the next decade. With building costs, development fees, and now cost of capital (rising interest rates) all out of control, we can expect to see tens of thousands of units canceled. Further, developers are unlikely to pursue as many projects as they would in a low-rate environment which will put a hard cap on new units being built.

In short, with 400,000-500,000 new immigrants coming into the country every year, we have almost no chance of keeping up with housing demand over the next decade.

https://www.cp24.com/news/developers-could-cancel-approximately-5-000-new-condo-units-as-construction-prices-rise-industry-observer-says-1.5956607?cid=sm%3Atrueanthem%3Acp24%3Apost&utm_campaign=trueAnthem%3A%20Trending%20Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR0Sb-3ZiEnkaVojVhcl_rMsC0NXWq7UXwtUgyJa1eTIM8nVh61b1vrUFeg