All Forum Posts by: Frederick S.

Thank you all for the replies.

Hello Everyone,

Does anyone here have any insight on ways to get mortgage information (Amount, date, lender) on a big list of properties? Some way of automating by accessing an API or a database like the country assessor's site?

It seems that Listsource has access to this information. If we do have our own lists of many properties, is there any way of pulling this data from somewhere? It does not appear on the same page as the assessor has the properties. It seems you need to perform another search.

Any one with experience in making big lists of properties would be greatly appreciated!

Thanks, 

Hello everybody,

Would anyone happen to know the legality surrounding direct mail? I am interested in knowing if this falls under anything similar to cold calling, auto dialling, ringless VM, etc.

The next question would be if there is a difference between calling as an individual, or company for the purpose of acquiring the actual property VS offering services to the owner of the property in question.

Last question would be if there are any differences in legality when reaching out to the owner of a property if it is an individual VS a legal entity like a corp?

Any help would be appreciated!

Thanks,

Hi Ryan,

I've done a fair amount of business with 1 in particular.

I only use inspectors that are actually engineers belonging to the QC order. In my experience they have a much deeper knowledge base and have good additional coverage in terms of insurance.

If you would like a referral let me know by PM.

Thanks,

@Thomas S.

Nothing is worse than QC. We can't even collect last month or security deposit.

We are the only province in Canada where a security deposit is illegal. Tenant rights are incredible here.

Best,

@Paulo Ascurra

I use CMHC harmonized expenses which are used when lenders crunch their numbers as well:

-2% Vacancy

-5% Management

-470-500$ / Unit maintenance (yearly)

-290$ Unit Janitorial (yearly)

-Use actual tax numbers. It's so easy to find using the municipal assessment roll: https://servicesenligne2.ville.montreal.qc.ca/sel/...

-Use actual insurance  numbers.

Never buy below 5% cap using these numbers.... I can provide a spreadsheet with built in calculators that I use if you would find it useful.

Best,

Hi Wayne,

From my limited experience in the U.S SFH market, I can make the following comments:

- Evaluation seems sound how ever I would be as conservative as possible and also add acquisition, closing and selling costs along with a contingency fund for your rehabbing.

- I think 15K may be fair, but the best bet would be to get some quotes in as soon as possible. The other thing you should do is start pricing out materials. If you see that there is 10-15 K in materials then the budget is too low unless you are sure you can do 100% of the labor.

- Ideally you would be able to find comps without a garage and figure out an appropriate discount. if the discount is greater than the cost to add a garage, then add it. If the most is greater than the discount, then don't. Also check the days on market for comps with no garage to see if they tend to sit on the market longer.

-Just make the offer. Submit as many offers as you can, low or not as you have a much worse shot at getting the 50K offer accepted if it's not submitted ;)

Wish you all the best,

 Well said.

Thanks, will register with some of them and take a look at the offerings.

Best,

Understood!

Would anyone be willing to share a prospectus for a current or previous deal? 

A previous deal with known returns would be amazing if someone would be so kind!

Best,