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All Forum Posts by: Zac Stuart

Zac Stuart has started 1 posts and replied 5 times.

Post: Triplex deal kitchener.

Zac StuartPosted
  • Posts 6
  • Votes 0

@Scott Weaner, thanks for the input. the market is competitive and this is likely one of the deals where a small apartment building has come detached from a reasonable cash on cash return. thank you for your input.

Post: Triplex deal kitchener.

Zac StuartPosted
  • Posts 6
  • Votes 0

Hi everyone, i'm looking for anyone to weigh in here and especially those from Ontario, the deal is $700,000 for a purpose built three unit in Kitchener Ontario. nice area. assume no major renos needed(i.e. roof furnace, windows). the building will be self managed

it is a 2 three bed units and 1 2 bed unit, it has a large garage big enough for 4 cars. 

mortgage 525,000 @ 3.54% for 25 years = 2,632 per month

annual gross income = 45,555

annual expenses = 11,826

NOI = 33,628

debt service = 31,587

annual cash flow = 2041.22

Post: Let's Talk about Ontario!

Zac StuartPosted
  • Posts 6
  • Votes 0

cool. thanks megan

Post: Let's Talk about Ontario!

Zac StuartPosted
  • Posts 6
  • Votes 0

@Doug Pretorius do you still do owner financing? in KW

Post: Let's Talk about Ontario!

Zac StuartPosted
  • Posts 6
  • Votes 0

hi all, i own one sfh duplex in thunder bay and am looking to get into the kitchener waterloo market. brrr sfh or multi family up to 1 million purchase price. also interested in mortgage investing (notes)

@Doug Pretorious do you still do rent to own's? or owner financing as you put it?