It has been 5 months since we closed on the deal, and we thought it would be good to give a bit of an update on where we stand with the project. Since, we have taken possession of the building, we have started work on 3 units. The first 2 tenants have moved out in March, and the third in April. We expect to have the next 3 units to become available between May and June, which will give us a total of 6 out of the 9 units, to renovate and bring up to market rents. When we were

We had just purchased a 9 unit building in Kitchener, Ontario. Its so nice to finally have this deal wrapped up. It seems like it took us forever (approx. 120 days) to lock up this place. There were a couple times when we faced both challenges and opportunities from our lender, the seller, and insurance broker but somehow, we ended up on top. Usually, it takes quite a bit of time to set up the lending for commercial deals hence we started working on financing as soon as the o

Our goal over the last 2 years has been to purchase a purpose built 8–16-unit apartment buildings. In our opinion purpose-built apartment buildings are easier to manage and tend to scale better. There are economies of scale when you get into these types of commercial units. For example, there is 1 driveway, 1 lawn, 1 furnace, and 1 roof. If you were comparing a 12-plex to 6-duplexes – well guess what? Now you have 6 driveways, 6 lawns, 6 furnaces, and 6 roofs to worry about.

Last month we were asked to present to 200+ people about real estate investments. This was by far the biggest audience that we have every had for real estate investors. We were very honored to be on, but also humbled by the moment. The hardest part about the presentation was that we only had 1 hour. We started thinking to ourselves, what will bring the most value to the audience? How do we get them excited about real estate and what steps should they take if they were just st

With this example we are going to go all the way back to 2016. We thought it would be a good idea to show an example of how a property can continue to pay dividends not only during BRRRR but also throughout your hold. This was the second property that we had ever owned. Although it was 5 years ago, it seems like it was just yesterday. At this point in time of our investment journey we did not know about the BRRRR strategy. In fact, we were sort of in the discovery stage – try

Whenever we come across a new investor, the first thing we ask – have you considered house hacking? This is probably one of the easiest, best entries into the real estate investing world. It also allows you to try it out before going all in. There are pros and cons to every strategy so we will try to cover them all but first we will explain what house hacking is, and our story on how it helped us propel in our real estate investment journey. WHAT IS HOUSE HACKING? This is whe

We bought this property right when the Covid-19 pandemic started. This property was purchased of MLS – but did not receive much traction. There were a couple issues with how it was put on the market. First, there was an open house that was cancelled due to family emergency. Second, the sellers’ agent did not have an offer date – which is the norm for a hot market. This will ensure there are multiple offers [and hopefully a bidding war]. We were fortunate to view the property

This was an interesting purchase simply because the property was on the market for quite some time and it was not selling. The original list price was $550k. There was a bit of a lull in the market during that time of year [Aug’19]. In addition, the property was not well positioned when it hit the market. The seller was forced to lower the price, but it was still not generating enough action. We looked at this as a huge opportunity and decided to put our offer in. After much