All Forum Posts by: Khurram Mirza

Looking for an opinion on wether to keep or sell a house. We own a 1911 single family rental in a quaint country village 30 minutes from the city. After 2 years of renting it out we tried selling it to make our money back at no profit but not selling at that price over the summer ($500k), we bought it at $380k and put in $100k of reno's. We recently discovered mold showing up in the basement walls. After removing the mold risk and opening the walls we found moisture coming through the foundation showing improper foundation work done over time, including wood foundation being used in the rear. Do not want to put anymore capital such as a $140k cost of foundation further putting us in the red so considering selling this money pit as is or holding on for creative ways to make this house profitable. A basement unit cost would be an additional $150k , so potentially need $300k to make it two doors. Feel like we shouldn't be losing in property nowadays. 

I would like to know how a deal works from a capital stack perspective or knowing the optimal balance of the capital structure to use

Hello BP community, 

Currently a Syndication and Private Equity enthusiast trying to evaluate MF apartment deals not just in terms of IRR, CoC etc. but also knowing whether the deal works from a capital stack perspective or knowing the optimal balance of the capital structure.

Thanks, 

Hello to all the BP members in Ottawa Canada. I wanted to scope out who else has an interest for a local meet up. Nothing too wild just an intellectual gathering of like minded individuals to build a network with. My wife and I currently have created 4 doors in 1 year and have goals to continue expanding within Canada and the US. 

Hi Scott, thank you for this thread. Can you refer to some reputable property management companies in Windsor. 

Thank you guys for the valuable feedback

A lot of newbie investors at the BRRR refinancing stage will have a tough time deciding whether to go with Variable vs Fixed rate mortgages due to Gov continuous rate hikes. Variable gives pre-payment flexibility and examined historically, variable rates have proven to be less expensive over time but history repeats itself until it doesn't. Would be interesting to know the thoughts of the BP community.

Hi Jack, welcome to Ottawa. I live and invest in the area and currently working towards multi-family, DM me if you have any questions. 

Hey Hope you guys were able to get into the action in Ottawa. I recently got a deal under contract for a detached 3 bed/3 bath 1901-1930's property In Ottawa-Kenmore at an ARV of 55% closing May 31st. Calling on investors. DM if interested.

Hey guys recently got a deal under contract for a detached 3 bed/3 bath 1901-1930's property in Ottawa, Ontario at 55% ARV, closing May 31st. Calling on interested investors