Our first investment in US | 8-unit apartment building 🇺🇸

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Our first investment in US | 8-unit apartment building 🇺🇸

Рет қаралды 23,098

Күн бұрын

In this video, I am excited to share with you my first investment property that I purchased in Ohio, USA. I will be discussing the key differences between the US and Canadian real estate markets and why I ultimately chose to invest in the US.
We'll then go on a site visit to the property, where I'll give you an exclusive tour of the property and neighborhood. I'll highlight the key features and benefits of this particular location and explain how I analysed the potential for cash flow and appreciation.
After that, we'll dive into the numbers, revealing the purchase price, renovation costs, and projected cash flow and ROI. I'll walk you through how I analyzed the deal and what criteria I used to select this property.
Finally, I'll share my future plans for the property and how I plan to grow my real estate portfolio in the future.
If you're interested in investing in US real estate or looking to learn from my experience, then this video is for you! Don't forget to like and subscribe for more real estate investment tips and insights.
Join the US investing mailing list: www.growwithna...
Follow Brett (our realtor) in Ohio!
Brett's KZfaq: / @brettyoungcashflowhomes
Email: by56083@gmail.com
Time stamps
00:00-Intro
01:00 - Why invest in US over Canada?
02:21-Site Visit
05:19- Numbers today!
11:45 - Numbers in 1 year!
14:38 - How did I do it and you can too?
17:06 - final thoughts
I am a licensed mortgage agent M21004312 working with Dominion lending centres, Valko Financial FSRA13047. I work with over 60 lenders including the top banks to provide an array of mortgage products that are suited to your needs. I can help you with your housing needs across all provinces in Canada (except Quebec).
I help First time home buyers & investors make smart realestate decisions based on numbers and not emotion. Want to book a call 👇 (It's free 🥳)
www.growwithna...
Get up to $3,000 in cash to trade stocks or crypto commission-free! Use this code 91NX5W or the link below to sign up 🙌 my.wealthsimpl...
MORE ABOUT ME 👇
My mission is to provide you with actionable content that enables you to build your wealthand live up to your potential. I came to Canada with my wife (Simran), during the pandemic in 2020, started with very little money, no job - to today, where I recently quit my job after building my side hustle to a cool 6-figures in revenue. I have met so many amazing people and mentors along the way, and I want to bring everything that I have learnt and continue to learn to you via this channel.
Subscribe if you are interested in:
#Realestate
#StockMarket
#Stocks
#crypto
#business
#moneymanagement
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.

Пікірлер: 122

@dearashish100 3 ай бұрын

You have grown exponentially in just two years. You are very smart and knowledgeable. You are one of the most intelligent and interesting person. Keep it up.

@growwithnav 3 ай бұрын

Thank you so much!! 🙌

@dushyantgupta11 Жыл бұрын

Just wow. It’s a live example of BRRRR STRATEGY- buy, rehab, rent , refinance, repeat ❤ Honestly I see these kind of reels on Insta and you did that and guided us 😍 Just wow Nav. Waiting for more🥰

@growwithnav Жыл бұрын

👏

@rajatgoyal1261 Жыл бұрын

This guy is unstoppable

@waylonforgue8789 Жыл бұрын

I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Bonnie Antelo

@waylonforgue8789 Жыл бұрын

You can communicate with her by telegrm with the username below...

@waylonforgue8789 Жыл бұрын

INVESTWITHANTELO💯

@samanthaprocell3844 Жыл бұрын

Amazing I also just started trading with her, she is the best at what she does with an initial investment of $1400 I made up to $5230 in just a week of trading with her, his strategies are mind-blowing.

@Roselerma Жыл бұрын

Greetings, I’ve seen positive reviews of this woman Belinda Owens for about the fourth time now, I think I’ll have to give it a try.

@aakashpednekar6032 11 ай бұрын

Worth watching your video Navjot ! Productive 18 mins. Thanks a lot

@growwithnav 11 ай бұрын

Thank you 🙏

@dsinghr 7 ай бұрын

Like your enthu and energy. Always waiting for your videos.

@moooofff Жыл бұрын

Sometimes I feel I might be spamming your videos with thank you comments. But I just cannot say it enough. For sharing this valuable knowledge and educating us from your experiences, thank you!

@growwithnav Жыл бұрын

Thank you 🙏

@aminachauhan3532 11 ай бұрын

@@growwithnav just wanted to know over and above cash flow - the mortgage payment is also adding to your principal so in total actually cash flow should be more as rent is going towards interest and principal component correct? I have started watching your video and i must say being a CA that your finance knowledge is really insightful !

@allitm4642 Жыл бұрын

Keep up the great work Navjot and Simran 👍🏼🙏

@growwithnav Жыл бұрын

👏😀

@pavankumar2 Жыл бұрын

Thank you for Sharing and Go ahead with Full force!

@growwithnav Жыл бұрын

👏👏

@mankymayank Жыл бұрын

Good explanation with numbers. Thankyou & Congratulations.

@growwithnav Жыл бұрын

Thank you 😊

@karanmohindroo14 Жыл бұрын

Congratulations on US investment. Thanks for sharing it with us.

@growwithnav Жыл бұрын

👏👏

@ranvirgrewal8452 Жыл бұрын

Amazing journey since March 2020... still remember your 1st night in airbnb video.. way to go congratulations 🎊

@growwithnav Жыл бұрын

Thank you 😊

@ranvirgrewal8452 Жыл бұрын

Thomas Lorini is your US coach?

@growwithnav Жыл бұрын

Yes

@arjungupta3021 Жыл бұрын

Congratulations 🎉 you are spreading so much knowledge with your content 👍 Thank you

@growwithnav Жыл бұрын

👏👏

@hakamsingh4679 Жыл бұрын

Thanks for Sharing it. It was very informative !

@mayurrane5603 Жыл бұрын

To the point content. No jazz or beating around the bush. Good work Navjot👏

@growwithnav Жыл бұрын

Thank you 😊

@rajasharma1523 Жыл бұрын

Amazing information! However, please also include the time where you will be bleeding money that is when your tenants will be out and you will have no revenue but still you will have to pay mortgage payment every month. According to the information provided in the video, that will be around $30k ($3k mortgage) considering 10 month holding period. Also you may be paying insurance and property taxes.

@manojkumar-sz6xv Жыл бұрын

If I came to Canada, you will be my coach. Congratulation 😊

@growwithnav Жыл бұрын

👏🙏

@realestatewithRish Жыл бұрын

Love your zest to grow! Thanks for sharing:)

@growwithnav Жыл бұрын

👏👏👏

@user-ni1fy6oo8t Жыл бұрын

Nice brother. Great job. I see you are always very good in calculation.

@growwithnav Жыл бұрын

👏

@marvelsandhu4101 Жыл бұрын

This is really great! Thanks!👏🙏

@growwithnav Жыл бұрын

Thank you 😊

@Valkyier911 12 сағат бұрын

Hey Nav…where can I find the mailing list..I see the description field blank…TIA

@aman0591 Жыл бұрын

Congrats!!! Great content as well.

@growwithnav Жыл бұрын

Thank you

@utsavpatel9122 Жыл бұрын

Congratulations guys

@epictetus3406 Жыл бұрын

Thank you for sharing and congratulations! This is a great channel and I hope it grows! The 1% rule is not difficult to find in Canada, it is impossible, prices and taxes are too high to make the investment decent, the cash on cash return is very poor when you run the numbers properly. My question is - what about taxes? Doesn't canada tax you very aggressively when you have income property in another country? Please answer or do a video about this as I have been looking at the US also. Canada is not friendly to property owners.

@karmanbatra 3 ай бұрын

Requesting a 2024 update on this. How is this performing?

@aqal5333 3 ай бұрын

Great, more of you should move to the US from Canada.

@user-wc5zz6th1r 10 ай бұрын

You are a citizen of Canada. Which visa is required to buy a house in USA?

@BaignBaigum Жыл бұрын

This information is truly amazing!

@growwithnav Жыл бұрын

👏👏👏

@getgoingwithshilpi Жыл бұрын

Nav , I am in Toronto with my son. He moved here last year . Wanted to know wether he should buy a house or condo ? And secondly can you guide us ? As rents are too high , isn’t it better to buy a flat? Can we speak to you?

@CynthiaCarolinaTellezBenigno Жыл бұрын

I am looking for to invest in window. Do u think eeuu is better under today's market conditions???

@permanentvacation3888 3 ай бұрын

Was it before or after your us visa cancellation?

@user-zt1fq7vc9d 7 ай бұрын

I couldn’t find link to your mailing list, I even tried searching grow with Nav main website, can you please share a link or provide info on how do I go about getting myself added to your mailing list, Thanks for all the guidance!

@IndoCanadianSaga Жыл бұрын

I have a question. Why did u invest in so many units property when you know there can be vacancy as well instead of maybe one good apartment which guarantees income. Just curious to know coz here the risk is high

@growwithnav Жыл бұрын

It’s low risk in fact. It’s unlikely that all 8 units will be vacant at the same time - so we will Cashflow if a couple of units are vacant for a couple of months. With single family, if the tenant doesn’t pay or leaves - we got 100% vacancy and guaranteed negative Cashflow.

@fern8580 11 ай бұрын

@indo It is better to be a "real owner" because buying an apartment in a building, puts you at the mercy of general increases which are often higher than the increase in rents.

@user-wc5zz6th1r 10 ай бұрын

You are a Canadian citizen. How did you buy a house in USA in your name? Discuss this too

@Cool_tech.01 7 ай бұрын

What about the taxes, won’t you be tax at 30% income on total rent income

@jyotisaini2169 Жыл бұрын

Hi sir Pls answer You are a PR holder of Canada than how you buy property in US??? Regards

@akashmehta7599 3 ай бұрын

So it’s 2024, did u make 3 k in cashflow and did the building value move to 600 k+

@growwithnav 3 ай бұрын

$2650 Cashflow. $625K value. Appraisal pending. Refi completing next month :)

@tarun.rawat7 Жыл бұрын

Navjot, how many times did you visited USA during your process. 🎉

@iftekharzico9536 5 ай бұрын

Hi Nav, I love watching your youtube channels. Do you or your team help with real estate investing in the USA for Canadians? I am interested in investing in the states.

@growwithnav 5 ай бұрын

Thank you. I don’t have a team as of now.

@iqbalsaini8036 3 ай бұрын

Do you have a property manager to manage this property.?

@growwithnav 3 ай бұрын

Yes I do

@FredericoLisboa Жыл бұрын

Great content keep up the good work. Successful people don't become like that overnight. Most people you see as wealth at a glance, a great career, purpose is the result of hard work and remains over time. I pray that anyone reading this will be successful in life.There are no shortcuts to getting rich but there are smart ways to go about it. Professional,Jeremy Elton Johnson has been my advisor/trader.

@iseulhangul3308 Жыл бұрын

not surprised you mentioned JEREMY ELTON JOHNSON she is just so good and her professional strategies are really mind blowing. this is over a year i have been benefiting from her trading services.

@georgefrodd5191 Жыл бұрын

professional Jeremy Elton Johnson has been my coach, broker for a long time now and I'm happy with her services I get my weekly profits consistently.

@vineetlove80 Жыл бұрын

Link to Brett channel is not working. Pls fix it . Thanks

@meetramneek Жыл бұрын

Grow in US mailing list link not working, please fix

@RR-tf8ic Жыл бұрын

Great video. I guess since this is Ohio, you will have a very strict tenant screening process

@growwithnav Жыл бұрын

Yes we do… have an amazing property manager there 👏

@sadhvikaagrawal 10 ай бұрын

How did you find financing in the US?

@nirmaldesai 11 ай бұрын

Why dont you consider to opt for E2 Status for this investment?

@growwithnav 11 ай бұрын

After Canadian citizenship maybe.

@navjotsingh2457 Жыл бұрын

great

@ghungroo3850 Жыл бұрын

You get Peanuts in this amount in the Toronto and Vancouver markets.

@victor-ev6np 8 ай бұрын

How does this investment make sense ? Even with the lower interest rates of USA ? The rental yield is less than 2 % ...is there anything or any hidden benefits I am missing..

@growwithnav 8 ай бұрын

You get 100% of the money out in 1 year and make the 2% yield on $0 😀 And you still hold equity in a multi-family home. That’s pretty sweet don’t you think? The trick is to find a deal that would require enough remos to make it $0 home in a couple of years. The only other investment that would beat this is I investing in my skills and my business.

@victor-ev6np 8 ай бұрын

@@growwithnav okay, thanks Nav. I have followed your other channel which guided us in our PR Application. We have recieved our ITA, but we are contemplating our final move considering the present situation. Thanks again , Keep doing the good work !!

@TheRaimaxr Жыл бұрын

To be honest it would have been a good decision had it been a single investment in home country or maximum 2 partners, 4 partners that too in foreign land and place like Cleavland I have my doubts.

@nishantthaccker1173 8 ай бұрын

Yes - renting these won't be easy plus the tenants he will be getting will be model citizens!..lol

@fern8580 11 ай бұрын

How much the cost Nav for a coaching " Canada real estate invest near the frontier US"?

@growwithnav 11 ай бұрын

It’s costed me $14K to learn for 1 year.

@kkjain3336 Жыл бұрын

Taxation is flat 30% in for non resident in usa i guess then canada will charge 20% plus = 50% income will goes into taxation Right ?

@growwithnav Жыл бұрын

That’s 100% true if you don’t know what you are doing 😀

@kaala-paani 7 ай бұрын

Give us the tips to avoid those taxes as well

@abdullahfahad6388 Жыл бұрын

Hey would like to know, as a Canadian PR holder or Citizen, what were the legal requirements to invest there? Like did you have to open a company ? Or you could do it as an foreign individual ? What other paperwork? Please , really interested.

@growwithnav Жыл бұрын

Will explain in a separate series

@amanpatel3855 Жыл бұрын

I am also interested in this information. I was hoping to invest in the USA while living in Canada

@deepindermann Жыл бұрын

Great content sir..quick question Does the land also become yours if you are buying the whole building?

@growwithnav Жыл бұрын

Yes it does

@Laf_Lines Жыл бұрын

Congrats. Is this your own investment or is it a joint endeavour?

@growwithnav Жыл бұрын

Joint venture with 4 partners

@sammitpotade Жыл бұрын

Congrats but 2024 numbers look inflated

@growwithnav Жыл бұрын

Thanks :)

@GogoGorkee Жыл бұрын

🔥🔥🔥🔥

@gulraizhanif Жыл бұрын

I understand you are a BiggerPockets graduate..but how can you completely ignore maintenance (5%), capex (10%) and vacancy (8%)...no mattter how much interior decor you do, you are buying a 130 year old property...this 23% provision will eat all your cashflow. Not criticizing your decision but just trying to understand your thought process

@growwithnav Жыл бұрын

Not ignoring it - it’s just that these numbers are unclear as of today and will be more clear an year from today when the basic planned Renos and completed and we get a handle on the actual interest rates, ARV and rents. Probably another video in a year with actual numbers would make more sense 😀 For now, we have already budgeted $60,000 for all these until the building stabilizes. Multi- units can be difficult to stabilize at times and numbers can be a bit fuzzy.

@gulraizhanif Жыл бұрын

@@growwithnav numbers are unclear that's why you make provisions :) all the best buddy..i am also a canadian and looking to invest in US...would love to see how your experience is after one year

@shabifb 11 ай бұрын

Hello simran and navjotji

@kkjain3336 Жыл бұрын

What about taxation in both countries ?

@growwithnav Жыл бұрын

That’s a big one - and your structure in US matters… a very long topic of discussion… took me a while to understand it

@kkjain3336 Жыл бұрын

@@growwithnav plz make a separate video on taxation in both countries / and mortgage

@Huzefakhozemasaifee 11 ай бұрын

Canada despirately needs housing right now. It is sad to see investment money going to the US.

@growwithnav 11 ай бұрын

True … sad reality

@ravishankar240 Жыл бұрын

Great but you have decreased the emi even though you are planning to refinance 🤨

@growwithnav Жыл бұрын

Where? On Refi, the emi increased.

@siddharthnair673 11 ай бұрын

haha, i am honestly surprised by how optimistic your projections are. you are buying apartments in a very unsafe nighbourhood (based on US statistics, bedford is in the bottom percentile for security). Stop making stupid assumptions on this. Also, the amount of money you will end up spending on maintenance will outweigh the benefits.

@growwithnav 11 ай бұрын

This video is old :) The rents are now $875 per unit for 6/8 units + storage units. I understand your skepticism- it’s not for everyone and that’s ok 👍