We have extensive connections with Realtors, real estate investors and mortgage brokers to find on market and off-market deals. Given our great track record with our connections, we are able to review many investment opportunities before they reach the market. We also keep up to date with market trends and indicators to select the right location for our acquisitions.
With our decade-long experience investing in real estate, we know the Alberta market extremely well. Furthermore, because we specialize in a niche of properties (basement suites and garage suites) and review many every week we know immediately which ones are a good deal. Our experience in managing those types of properties allows us to provide a financial performance analysis based on our own historical data, not pie in the sky number picking.
We have been self-managing our real estate portfolio for over 10 years. This was very important as it helped us to fully understand what is required to manage rental properties properly and effectively. We have also developed great relationships with incredible local property managers. We provide investing partners with regular communications and reports on the performance of our properties.
Our real estate acquisitions typically require a 20% mortgage down payment plus closing costs (in Alberta we are lucky and those are very low, usually between $1000-2000 including lawyer fees). This is where our partners shine: we provide all the hustle, experience, education and connections and our partners provide capital and get to invest passively in high cashflow real estate assets!
This will vary depending on the type of property we are acquiring. For “residential” mortgages (4 units or less) qualifying will be based on the partner’s income, credit score and debt servicing ratios. For “commercial” mortgages (5 units or more) qualifying will be almost entirely dependent on the specific property.
It is very important to us that we fully understand your investing goals, risk tolerance, and desired level of involvement. As such we would first love to meet and discuss these extremely important topics and answer any questions you may have. Once we have a clear understanding of your investment criteria, we will find you an incredible property!
In a simple joint venture, one partner is the “managing partner” who provides the expertise and time (does all the work), and the other is the “money partner” who provides the down payment and mortgage qualification. There are many other ways to structure it. Both partners profit from the deal.
The initial investment capital is returned through cash flow (the income in excess of expenses). We are also always looking for opportunities to refinance when appropriate to pull out equity from the property and pay back our investors, the rest is returned at the sale.
We are currently looking to acquire more properties with great investment partners in the Calgary region. We are always targetting high cash flow properties and are currently looking for single-family homes with basement suites and/or backyard suites or small multi-family buildings (5-8 units) that qualify for CMHC financing.