All Forum Posts by: Troy Pirsich

What kind of COC ROI are you seeing for buy and holds in your markets? State what % you are using for vacancy, R&M & management. In London I've purchased buy and holds around 16%. In Sarnia I'm finding it is around 8-12%. Accounting for 5% vacancy, 5% management & 7% R&M. All just personal experience of course. Whats the highest & lowest COC ROI in your portfolio? Let get some good discussions happening in the Canadian forums

@Jami Kloet it's good to hear that people are having local success while purchasing in the winter!

Very good points @Sam Alomari. Thanks for sharing! Seems like buying properties to BRRRR in the fall/winter is the way to go.

@Jessey Kwong Mostly just SFH. Looking to get into multi families in the near future!

@Jessey Kwong

I agree, from browsing the american side of this forum it seems like the ROI and cashflow is fairly high in some parts of the states, especially in the 50k-100k price points a lot of people are talking about.

I haven't personally invested south of the border but I do know of a few fellow investors that have had success investing in the florida markets. Investing in the states obviously comes with its major risks. You cannot actually monitor your property so you had better hope that you have an A+ property manager. Also, not only are you monitoring your property & market performance, but you also have to take into consideration the exchange rate, especially at the initial buy or final sales point. That being said there is more than likely some spots where you can make a lot of money, just depends on your risk and tolerance levels. 

Have you invested in any of the BC or Alberta markets? Have you found any areas maybe slightly outside of BC that are cheaper and have greater potential for cashflow? I'm not sure about this forum, but I know on the REIN forums there are a lot of investor from out west. May be beneficial to try and link up with a few! 

@Jacob Perez Variable because of the lower costs when doing a refinance I'd assume?  Good points on the house hack method. Very beneficial 

Hello All, 

Do any of you shy away from deals or tone down your investing in the fall/winter? Has anyone had major vacancy problems when purchasing properties in the late October/November stages of the year? What roadblocks, or opportunities have you found when investing this time of year? 

I've heard mixed opinions on this so I figured I'd spark a topic of discussion seeing as we are in the full swing of fall. 

@Jacob Perez is this the type of mortgage you would recommend for those doing the BRRRR strategy? It sounds similar, except when BRRRR'ing you would refinance at the end to get most of the money you put into the property (down payment etc) back, while still keeping at 80% LTV due to renovations increasing value. Thus allowing you to repeat the process over and over with essentially the original downpayment money.

@Mathew Scott  

I would stick with yearly leases rather than month to month if possible. Most GOOD tenants would probably also prefer this rather than M2M

As for utilities I would either make it inclusive or put them under the tenants name. Having them under your name and having the tenants pay you is a recipe for disaster. Plus, why make more work for yourself if you don't have to. As Jacob and Thomas said above, make sure you're doing your due diligence with projected utility amounts if you do decide to make it inclusive. 

Used appliances are what I have always used. Assuming you can get cheaper ones on craigslist or kijiji( in Canada). You can usually get 3-4 used stoves/fridges/dishwashers for the same price as you can get one new one. Also depending on the type of rental it will be used as. If it's planned for executive use you may want to consider brand new/ lightly used stainless. 

As always, make sure you test the appliances before purchase if you decide to go used.