All Forum Posts by: Tyler Sellars

 This is basically what the money will do. It will be sitting in a bank until the next deal. 

188k @ 3.69% = 861/m. 188k @4.89% with 5% CB = 991/m. Difference in cash flow if you don’t reduce the o/s mtg balance with cash back is $129/m

Would love to learn from the community on what is the better deal for an investor. 

Bank A is offering me 3.69 5 years fixed 30 year amortization - CIBC is offering me 4.89% 5 years fixed 30 year amortization but with 5% cash back (equals out to 9,400 at closing) looks to me like even though the 4.89% is higher, the cash back incentive could go towards another property or value add. Although the interest rate is a little more than 2% higher, the cash back seems to be a better investment as the cash flow from the is still in a safe spot.

Am I missing the boat or do I make a good point in going with the higher rate? 

I own a 4 unit right beside a mixed zoning plot of land that measures 145 x 95 Imperial with a proposed plan of an 8 unit building. (6 residential, plus 2 commercial spaces on the ground floor)...

I wonder if I should buy it and try to find a developer to go in with me. I bring the land and management experience and they bring the developing experience. 

My gut feeling is that I'm too early into the game to do this, I should have larger savings account for something like this, but I figured this community might have some good ideas of what to do.