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7 contributions to Realist Free Community
Mar 8 in
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!
5
33
New comment Mar 29
5 likes • Mar 11
Appreciate the crash course @Daniel Foch, @Nick Hill and @Mitch Cleary. So much value in such a short amount of time. I see the full course in my near future! Also, thanks to the Door Insight founders, @Harbind Kharod and @Tej Kang, for creating an efficient way to analyze deals. I have no doubt the tool will take off with the RE investing community. Day 5 homework done.
Mar 8 in
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.
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6
23
New comment Aug 29
1 like • Mar 10
Done. I'm expecting responses back on DSCR from two of the credit union's commercial reps. Each credit union also mentioned I would need to be a resident of the province. Service Credit Union GDS = 39% TDS = 44% DSCR = “doesn’t matter” LTV = 80% to avoid CMHC premiums Connect First Credit Union GDS = 39% TDS = 44% DSCR = "doesn't matter" LTV = 95% - 80% depending on use ATB GDS = 32% TDS = 40% DSCR = Waiting to hear back from their commercial rep LTV = 25% corp, 20% personal Personal = 4 properties maximum Corporation = Unlimited number of properties Vancity GDS = 39% TDS = 44% DSCR = Waiting to hear back from their commercial rep LTV = 80%
Mar 6 in
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
3 likes • Mar 7
Done
Mar 6 in
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
13
43
New comment Sep 21
2 likes • Mar 6
Done
Mar 4 in
Door Insight Analyzer Tool
Hi Everyone, As mentioned on the call - we have an exciting new technology for you to Beta test. The Door Insight Analyzer Tool https://chromewebstore.google.com/detail/door-insight-ai-assistant/ihgocalhphddkfdideofpacjbnlibiai
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New comment Oct 9
2 likes • Mar 4
@Harbind Kharod I'm analyzing deals on realtor.ca. The Analysis function is working but history/settings/help tabs are blank. None of the analyses are saving to my history either. I've also tried filtering for multi-family properties which wont analyze at all. Happy to jump on a call with you if that helps.
1 like • Mar 5
@Luis Brosas Pulling in comparable rents is amazing. Huge time saver! I agree that some deals look a little too good. I plugged numbers into another calculator and found that the mortgage calculation is based on interest only payments which is making the Cash on Cash returns look higher and Cap Rates are calculating without expenses included. I know we're not there yet in our 5-day challenge but would be good to see if these calculations are intentional.
1-7 of 7
@ron-asperin-6819
Local to Calgary, Father of 2, Project Manager / Consultant, Landlord
Active 2d ago
Joined Feb 28, 2024
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