All Forum Posts by: Shiv Dutta

thank you for responding, can anyone please suggest a good property management company to start talking to.

Hello everyone, 
do we have anyone who's from Regina. or invested there.
I am trying to understand the market and localities a big more and get some referral before I start. any guidance will be appreciated.

regards

Shiv

Hello @Chris Baxter, I am opening up an old thread here. Whats your take on DealCheck vs Landlord's Cash Flow Analyzer (that you mentioned above). which one you felt gives you more control on

1) different numbers, better way to showcase 

2) a good PDF report to share.

Regards

Shiv

right you are @Huong Luu. it doesn't have any buffer

recently RBC mentioned to me that they will finance under residential loan dept, 6 properties, including primary residence (so 5 investment + 1 primary residence). 6 properties by any lender.

 Then the deals needs to be handled by commercial side. where the calculations will be different and interest rate too. different banks has different limit. 

Thanks @Roy Cleeves, I remember you did something in that line. I will contact you to know more. And when you mention  "cash flow to be 1.25 x the costs.", does it mean, 

Monthly Cashflow ÷ (Monthly Operating Expenses + monthly total Debt Payment)   

monthly or yearly.

@Chris Baxter, you are right that a bad deal by number is still a bad deal. But I was trying to see if I change my numbers (invest my own cash), if it becomes a less bad deal.

Hello everyone, 
   I have found a deal, but its a portfolio of 23 units spread across multiple buildings. asking for around 1.7m. Cashflow is not very great, its around $1200, and its way overpriced (hard to find good deals these days). But the vendor may accept VTB of 15%. 

So I wanted to understand the deal and numbers. I approached RBC, with this VTB, but they told me that I would need my cash of 25% anyways.

I was expecting if I get a 15% VTB then I may have to come up the rest of 5% to 10% (to make it 20% or 25% down). obviously I am new to VTB, so my understanding is limited in this. Hoping to have someone who has done this many times to guide me to understand this. 

regards

Shiv

647 862 2434

Thanks @Sarah Short  and @Chris Baxterfor your inputs. its true, the market is super Hot, everywhere it seems. All my expected numbers (cashflow wise) are in the air, now on all the deals that I see. Numbers are hard to make sense now a days. and I (don't think anyone) not very sure if they will come back to their previous position or this is new normal !

so I am increasing my horizon to other areas, if you have any pointers for me, please. 

regards

Shiv

Hello everyone, 

    Can anyone please advice me with some good property management in Moncton, NB. and if we have some experienced investors from Moncton area, I would like to get some knowledge on the area,

I am planning to look for some properties, but it would start with a good PM. 

Regards

Shiv