All Forum Posts by: Adam Narbon

Hey Alex. You need to speak to someone from Toronto about this.  Not B.C.!

I’ve made a killing in condos and continue to invest in them. 

 If you can get a one plus den in the mid 400s I think that’s a good investment. 

 Make sure the den is big enough for a possibility of using it for a second bedroom. 

Yes. I believe it’s called TC 4. 

@Irfan Rashid

I have invested in UC towns at that location you are speaking of. Honestly, the entire 4-bed townhouse was priced at $349,000-$419,900 depending on which unit you wanted. These condos they are selling are basically the same price for a 3-bed. Too expensive!

I’d rather see you invest in Vaughan metropolitan personally. Oshawa isn’t so great. I still have my investment there. From now forward, it’s Eglinton and south Only for me. 

Hi Ifran,

Pre-con condos is 60% of my portfolio. And has been the most successful part of it. The only negative I see is the waiting. BUT, the waiting has given huge return during the 2-4 year interim. All for just sitting around waiting for completion. 

Just make sure that your rental income will cover your P+ I+property tax+condo fee. 

I wish I had purchased 100% condo units in 2015-2018 rather than 50/50 condo/houses. 

There are a few interesting projects available now/near future that I would love to invest in.  

Contact Luc Boiron. He is incredibly experienced and always eager to host meet ups and offer wholesale possibilities. 

Totally agree with Ming on all points. I’ve been in this for 20 years, and appreciation has put me where I am today. 

You should all be attending the Volition meetup. Best meetup in my opinion and it’s centrally located. The group honestly cares about you as an investor and putting your best foot forward. They even show timelines well into the future of best case & worst case scenarios. 

See you at the next meetup. Thurs January  17. Volition. 

Quibian, definitely. If you can get re-fi’d In such a short time then go for it. I just find it tough to get refinanced unless the market has significantly gone up. 

Also, as long as the negative flow doesn’t affect your other obligations.  

Kris, it all depends if that neg cash flow is affordable. You’re correct. If it creates a possibility of loosing the property, then in my opinion, you shouldn’t be investing period.  if you are that close in possibly losing everything, then just keep working until you have more of a DP saved, to create a cash flow neutral situation. 

If you have several properties, as in my case,  the positive cash flow ones carry the negative cash flow ones, so it all works out in the end, and 5 to 10 years can create a lifestyle of pure freedom. 

Kris, I disagree with you on this: Outside your area does Not make sense to everyone. Plus the appreciation really suffers if you do that. 

Even with  a negative $500 cash flow,  you are way better off than the alternative, no rental property investing.  The mortgage payment alone on the rental property is much more than $500 a month paid off on principle.  Plus you then have the appreciation value. At the end of five or 10 years your net worth will be substantially higher, even with 400 500 or 600 in negative cash flow per month on each property.  I’m living proof.