5 Steps to Buy an Apartment Building in Canada. Mistakes Successful Real Estate Investors Avoid

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5 Steps to Buy an Apartment Building in Canada. Mistakes Successful Real Estate Investors Avoid

Рет қаралды 6,139

Darren Voros

Күн бұрын

Пікірлер: 24

@blueocean0809 3 жыл бұрын

Amazing perspective Darren, im a newbie investor who thought of going down the road of buying a SFH to legally duplex and then BRRR. I've always wondered about this strategy you mentioned here in the multifamily world like Alfonsa Caudra (a fellow Multifamily investor) talks about. And you summed it all at the end with the quote "I'd rather own 10% of 10 buildings than 100% of 1" really set off the lightbulb moment for me. Can't thank you enough for this content.

@DarrenVoros 3 жыл бұрын

Thanks for the comment and taking the time to share your thoughts. It really is mind over matter and I know this because I had the same limiting beliefs until I got into bigger deals and realized it's the same amount of work.

@rebeccabassole6659 2 жыл бұрын

wooowww really appreciate the fact you put lycris in french. help me a lot cuz yes I understand english but some term are complecated so Merci beaucoup :)

@DarrenVoros 2 жыл бұрын

You're welcome 😊

@HardwoodFloorRefinishing101 3 жыл бұрын

Excellent video Darren!!

@DarrenVoros 3 жыл бұрын

Thanks so much for the kind words Joe. I always appreciate it.

@michelefisher5171 3 жыл бұрын

So great! I’ll be looking for you!

@DarrenVoros 3 жыл бұрын

Please do!

@candaceharris1907 3 жыл бұрын

Great video as usual…with seller finance what was the downpayment like 20%…30% what’s typical?

@DarrenVoros 3 жыл бұрын

Thanks Candace. They didn't do any seller financing here. They did 25% down I believe. It might have been 30 though.

@teresatt5454 2 жыл бұрын

Fantastic video!! Question - let's say I want to purchase an apartment building with 7+ investors. What would be the best way legally? Should I start a trust? Or JV with all 7 investors? How does this work... what is the best way about this?

@DarrenVoros 2 жыл бұрын

I would do a limited partnership agreement. JV with 7 investors is tricky.

@marclatorre8545 Жыл бұрын

refining in August 2022... ouch. Things must be very tight.

@DarrenVoros Жыл бұрын

Definitely a new environment for cash flow.

@therealestatepuzzle4966 Жыл бұрын

Buying multi unit buildings is a much more efficient strategy than trying to buy condo units one by one.

@annswallow2247 2 жыл бұрын

Hi Darren, did they want to go through CMHC so they could pull more money out of the refi leaving only 5% down instead of 25-30%?

@shubu2705 3 жыл бұрын

Hey Darren, how would evaluate a new build 12 plex, when it is not even tenanted yet? I feel that the prices they are setting won't jive with what rents will realistically be!!

@DarrenVoros 3 жыл бұрын

That's the beauty of multi family. The bank almost determines the value because they will look at the numbers and tell you "it's only worth this much based on the revenue and expenses". You can use that as a negotiating tactic to lower the price or just walk away and find another deal.

@natalie.leclerc 2 жыл бұрын

Can house hacking work towards a condo? Looking at some units in Vancouver but want to get an idea of what numbers I should expect to pay before jumping head first into the water

@DarrenVoros 2 жыл бұрын

Hi Angielle. Yes, house hacking can be a great strategy on a condo but it works best with multiple bedrooms so you can rent them out and live for free. BTW, I would not suggest reaching out to the comments below for "proper info". Anyone posting their whatsapp number on a comment on KZfaq usually has ulterior motives.

@presentowner3198 2 жыл бұрын

Mindbuildingsolutions approved Excellent content and video

@jaimis5377 Жыл бұрын

landlords are evil im sorry the fact that landlords have gotten to this state shows how disgusting humans can be. the landlords arent the problem. the people creating laws that make landlords NEEDED VILLAINS is the problem.