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12 contributions to Realist Free Community
Canadian Housing Plan Webinar Recording
The recording of yesterdays webinar on decoding the opportunities created by Canada's new federal housing plan is now available for viewing inside the classroom, inside the "Webinar Recordings" block. BUT, In an effort to get some more engagement growing in this group to bring it to its full potential, only community members who have reached level 2 will be able to access this and future recordings. HOW DO YOU REACH LEVEL 2? You need 5 points to reach level 2. To get points, you need to get likes. You can get likes by posting or commenting on other peoples posts, with valuable content or comments that are worthy of likes, just like on any other platform, simple as that! We hope this will incentivize the creation of some more community driven value add posts and engagement on things others have shared about themselves and their real estate journeys. Best regards, Mitch @Daniel Foch @Nick Hill
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New comment May 15
3 likes • May 11
"You do not meet the eligibility requirements as the secondary suite must be built on the same property as your principal residence." "You do not meet the eligibility requirements as the program is open to homeowners with a combined gross annual income of less than $209,420 (note: this rate will be updated annually).
1 like • May 15
@Daniel Foch BC Builds website https://secondarysuite-eligibility.bchousing.org/
Day 5 Homework
Thanks for a great week anyone. Homework for day 5 - (due monday) 1. Calculate cash on cash return for your remaining properties 2. Build a 10-year proforma model from scratch for one investment 3. Calculate annual cash-on-cash return for 10-years 4. Create a rough 1-pager promoting your deal (include photo, metrics, profroma screenshot, and any other key points) Post 1-pager below in the comments. We will pull one random 1-pager to select a winner on Monday!
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New comment Mar 29
3 likes • Mar 11
Done @Daniel Foch @Nick Hill @Mitch Cleary Gentlemen - Thank you for the time and dedication to this course, I know your knowledge and wisdom will lead to many of us becoming the millionaires we aspire to be! Here is the 2024 - March 4th to March 8th - First round - 5 Day Deal Challenge Winner Samantha Sanella and Custman & Wakefield would approve of 126 May street North Thunder Bay. Listing agent is a partner on the deal and is looking to make it happen. Cap Rate above 13% - DSCR ABOVE 2! Lets get Daniel to change his mind and start investing in 2024! Lets GOOOOOOOOOOOOOO
1 like • Mar 11
@Al Karloff great find! Are you planning on investing in the Windsor area?
Day 4 Homework
Thanks for a great live session today everyone. Today's homework is: 1. Contact the local credit union in the market you're searching, and see if they can give you a Debt Service Coverage Ratio (DSCR) and Loan-to-value (LTV) parameter for what they'd loan to you for an investment property. (If you can't reach them, just use 1.25 DSCR) 2. Calculate the DSCR for 3 of the listings on your shortlist. 3. Highlight a deal if it hits the DSCR criteria of the lender. Please post a screenshot of #2 and comment "DONE" in this thread.
Complete action
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New comment Aug 29
2 likes • Mar 8
Done
DAY 3 Homework
Thanks to all who attended todays live session! The homework is to analyze and list 5 deals with cap rates - take these from the list that you have done already for the GRM deals. This is NOI divided by the Purchase Price Please Provide a Screenshot of your deals! The paperclip button in the bottom right corner of the comment box will allow you to add attachments. This is 1) An accountability measure to make sure you're actually going through the reps. 2) Required if you want your completion to count towards the draw! Feel free to look anywhere in the country & put the Door Insight AI tool to work! See you tomorrow
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New comment Aug 28
5 likes • Mar 7
Done - Thunderbay has some interesting multi family and some cheap homes
4 likes • Mar 7
@Louis Mouchet look at that 21% Cap Rate!!!
DAY 2 Homework
Thanks to all who attended todays live session - The homework is to analyze and list 10 deals using GRM ( Gross Rent Multiplier), which is Property Price / Annual Gross Income Please Provide a Screenshot of your deals! The paperclip button in the bottom right corner of the comment box will allow you to add attachments. This is 1) An accountability measure to make sure you're actually going through the reps. 2) Required if you want your completion to count towards the draw! Feel free to look anywhere in the country & put the Door Insight AI tool to work! See you tomorrow
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New comment Sep 21
3 likes • Mar 6
@Al Karloff @Nick Hill @Daniel Foch Dan’s example was a 3.333 in Saskatchewan I can beat that.
4 likes • Mar 6
@Helena Capell I had the same question. I just made another column in my excel spreadsheet and put a “potential column” I added the estimates of the Reno to the purchase price and added the rent potential to the rents I’m sure we will cover all this TODAY or TOMORROW
1-10 of 12
Jeff Drake
3
9points to level up
@jeff-drake-5796
That’s Captain Drake! Own 2 doors and want to own many many more. I want to learn more about the BC zoning changes and how we can profit off them!

Active 93d ago
Joined Mar 4, 2024
Courtenay
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