Example Of Peterborough Student Rental Investment

Who we are:

Ontario Assets was founded by Randall Reashore and with a singular goal; to build great relationships through successful and profitable real estate investments. We are only involved with fantastic people, in strategic deals that offer great returns on investment.

Randall is a licensed real estate agent working with Keller Williams Neighbourhood Realty (based in Toronto, Ont.) and he is supported by industry leaders in construction management, accounting, real estate law, mortgage financing, and property management.

He is a member of the Durham Real Estate Investor Club and has worked with Quentin D’Souza within his REI coaching and mastermind groups. Quentin D’Souza is a multiple award-winning Real Estate Investor, and a trusted authority on investing in Ontario.

What we do:

Our first project began in the spring of 2012 in downtown Toronto. The strategy we employed has become one of our favorites; we purchased a run-down, single-family home and converted it to a duplex which produces massive monthly cashflow. Next, we refinanced the property to remove our initial investment and reinvested it into the next property. This buy, renovate, rent, refinance and repeat strategy is commonly called the BRRRR method.

We are active investors who specialize in purchasing undervalued properties, typically with a purchase price between $325,000-$550,000. Often these are distressed, single- family homes with plenty of differed maintenance. We expertly renovate these properties to the appropriate level, and then hold them as legal, 2-unit rentals. We have also begun to hold certain a number of properties as student rentals with massive cashflow potential!

What we offer:

All successful real estate investing is done through leverage. Leveraging expertise, time or money; leveraging our experience, our network and our relationships (contractors, accountants, lawyers and agents). This is done by speaking plainly, openly, and honestly; by always being trustworthy and direct.

We work with our partners to determine their desired level of involvement, their risk tolerance, and based on their experience level, financial structure, and timelines.

The OAI team develops accurate budgets and timelines, then works with the municipalities, inspectors, and designers (contractors, designing lay-out, cosmetic renovations, etc.) Finally, through our management team we place tenants, manage those relationships and properties, as well as issue quarterly reports to all stakeholders.

What we look for:

In one word: Relationships. We are looking for partnerships with people who share our values (open, honest and trustworthy communication) and our goals (building communities and generational wealth.)

More specifically though, Ontario Assets is looking for investors that are:

• Able to qualify for (or hold) a mortgage on a $325-$550K property purchase.
• Have a minimum $100,000 to invest (via cash, LOC or Home Equity Line.)
• Are good people who want to create wealth for themselves and safe, clean housing for other Canadians.

In a co-venture, we are looking for the investor to contribute only 20% of the purchase price, to qualify for the mortgage on the investment property, and contribute to the renovation budget; since we often do renovations on a property to maximize everyone’s returns.

Both parties sign a Co-Venture Agreement which outlines our responsibilities towards the partnership. The CVA is a legal document to be reviewed by a lawyer of your choosing. This document also covers contingency plans in the case of disagreement, death or a desired buyout.

DEAL SHEET – JV OPPORTUNITY Example Deal