It feels a little bit like a gamble. 

If you want to buy an apartment complex with one formula to start though, you might as well be gambling… and flying to Vegas is a lot easier than buying real estate.#7A mastery of numbers is useless without an ability to communicate findings.

I am thrilled by this community and love how everyone has a unified goal of helping one another!

They were thrilled they were getting a good deal on a brand new luxury apt, and I was thrilled I can start the next renovation without any delay. 

Brian Burke: We've kept the waterfall structure the same.You can see here.We used in this case, We used in this case, we used an 8% preferred return, and then we had three waterfall hurdle tears.The investors got 70% to 12 60% to 15.And then after 15, they got 50 50.And we've essentially I've been using this waterfall almost since I started way back in the beginning.Every once in a while, we might alter something here or there because we feel the need to.But too many times I've done that and been completely wrong.We had a deal that we did about three years ago where when we underwrote the deal, I felt that we needed to juice thereturn a little bit more.And so we switched the waterfall to an 80 70 60 instead of 70 60 50.And at the end of the day, when we sold that property, we delivered to our investors like a 32% IRR.And now I'm kicking myself like we really didn't need to do that.We could have left it.Just as this waterfall is here, our investors would have got a 28 IRR or whatever and been thrilled to death.So I tend to leave the waterfall alone most of the time.

Its a gamble, but I think rates will moderate so when you transfer them to the LLC you might be able to get better rates on the commercial loans when you refinance during the Title transfer. 

Maybe some other smaller cities Red Deer ex...I see many 60-100k homes, smaller sqft, older, need lipstick and maybe 10k in new cabinets etc.For those of you who know the area, do you suggest spend the extra money and get a turn key 200k unit, or gamble on the lower end, dump in 20k, and rent it out.Regina seems to have a very small availability of homes for rent, only condos.

Truthfully, If it was just me living in the house I would be able to "survive" paying it off my myself, but I think I would really be gambling it lol, but once I get roommates it should be fine.

As much as I enjoy peace, the thrill of the deal has no equal! 

Investing for appreciation is like gambling.