Merry Christmas and Happy New Year 2018

I want to wish you a Merry Christmas and a healthy 2018.
May you and your family be blessed with a prosperous new year.
The biggest thing I learned this year is to never stop growing and learning. To take each experience whether good or bad as a life lesson and to grow from it. How we react to life will determine how we feel.
Keep smiling, keep learning, and keep believing.

It’s been an honour working with you. Until next time…

Turn-Key Triplex Renovation in Monarch Park – Episode #207

Turn-key triplexes in Toronto are very hard to come by. Especially ones that are finished with good quality, attract AAA tenants, and that actually cash flow positive.

The owners of this triplex located near Danforth and Monarch Park are spent close to $300,000 in renovations to create this luxury turn-key triplex that actually cash flows over $1000 / month!
This cash flow is calculated after refinancing and pulling out the renovations cost.

Contact me if you wish to get the detailed property analysis.

The finishes were selected with a purpose of attracting young professionals who love the trendy look of exposed brick walls, modern kitchens, rustic and durable floors, spa-like bathrooms, exposed wood beams, added storage space, and private outdoor space. Of course, the location is ideal being a short walk to Danforth, 2 subway stops, Monarch Park, great schools, and of course cafes and restaurants.

This will be an excellent long term investment for the owners.

If you would like to discuss how you can acquire a similar property feel free to contact me through my website: www.BeachInvesting.com

If you want to see other projects Brendan has been involved with here they are:

East York Modern Duplex Conversion After Renovations – Episode #200
Leslieville Luxury Duplex Generates $2000 of Monthly Cash Flow – Episode #196

What Works in Toronto’s Uncertain Real Estate Market – Episode #206

There is fear in the air and this brings uncertainty in the market. Prices have come down since April 2017 so let me explain what investment properties work in today’s market in the Toronto Beaches and surrounding areas.

Duplexes – still tough to get them to work but as prices continue to level off there are some properties that may work

Triplexes – all day – key is to buy in the right location with the right type of property and converting it into a triplex (must make the quality finishes and layout work in order to attract the right tenant profile)

4-6 units – creating them is your best bet.

Most of time, the best strategy is to create your investment property / income property. To buy a turn key property on the open market will almost always not cash flow in today’s market in the Beaches and surrounding area. You must be willing to create it.

BIGGEST CHALLENGE:

Buyers don’t have the time, expertise (know-how), or capital required to create these income properties.

SOLUTION:

If I can provide you with the team that will create it for you (which eliminates the time and know-how) then that eliminates 2 out of the 3 biggest challenges.

Then how do we come up with a solution to #3 (capital required)?

3 options:

1. You do this solo with your own money (ideal)

2. Borrow it from a HELOC (2nd best option)

3. Partner up with someone you trust who has capital that you are willing to share the profits with

4. The 4th option is to contact me as I am working on this new strategy/program to help investors own a piece of Toronto real estate with little money down

Call me at 416-885-2010

OR even better

Send me a message on my website “contact me” page. www.BeachInvesting.com

Look forward to chatting soon!

Merry Christmas and Happy New Year – Episode #205

I wanted to wish you a Merry Christmas and Happy New Year in 2017 from my family to yours.

This past year has been quite the experience with ups and downs and lots of lessons learned.  With every lesson and every experience we grow more and more.  I am grateful for all the people in my life especially my family.

Thank you to all!  With lots of love:)