Tag: BRRRR
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The Revival – May 2020: What a load of JUNK!
It’s been a busy few weeks!!! Thank you to my clients for their confidence, trust and referrals which have kept me so busy in this time where so much has stood still. I am very humbled and grateful. During this past week we closed two clients’ transactions. The first is a stunning church which will be transformed (by award…
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March Stats – Toronto
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January 2020 Peterborough Stats and a look back…
2020 update: Peterborough is HOT and for all of the right economic reasons. I will lay those out below but first let’s look by the numbers. A look back to begin with; According the Canadian Real Estate Association, “The average price of a Peterborough home jumped to $416,011 in January (2019), up from $369,715 in…
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Plumbing Problems: Kitec
From OREA.com Kitec plumbing can cause problems Kitec plumbing is a type of pipe that is vulnerable to premature failure, and REALTORS® should be aware of this product, which may damage a home and result in costly repairs. The existence of Kitec plumbing can also expose REALTORS® to liability, since salespeople are required to take…
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Peterborough Project Progress
https://youtu.be/XdEgbTRghEI
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The Revival – Jan 2020: PROJECT REPORT
On December 19, 2019 we closed on another property in Peterborough, ONT. We purchased the property with a co-venture partner for $300,000. At the time of purchase the house was a 3 bed, 1 bath with living, dining and large kitchen. The home was in need of some love, but had solid bones and sat…
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Peterborough Poised
Why is EVERYONE talking about Peterborough all the time???? Ok, they aren’t. But we are! And here’s why: As real estate investors we are always watching for a city about to have a boom (increase in property value!) combined with solid economic drivers. In December 2019 the avg. sale price of a home in Peterborough was…
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Peeking under the kilt…BRRRR
What do we do here? Our first project began in the spring of 2012 in downtown Toronto. The strategy we employed has become one of our favourites; we purchased a run-down, single-family home that was then converted to a duplex. We then rented both units to qualified tenants which produced massive monthly cashflow. Finally, we…
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Buying equity for easy recycling…
The first step to using the BRRRR method is to find a property that is priced well below market value. This way you are buying equity right from the beginning, which is one type of “payday”. Buying under market value though is very important at the time you decide to refinance an investment property; remember…
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REI: A 3 Course Meal
If you were to think about Real Estate Investing (REI) as a 3 course meal, Cashflow would be our appetizer, Mortgage Paydown would be our main course, and Appreciation is a sweet little treat (usually only enjoyed at the end of an investment or at refinance.) Cashflow is the amount of money remaining each month…