All Forum Posts by: Kuzi Matambo Dumont

Hi Zorya

Texas was great but higher taxes. Ohio has some similarities with our Alberta houses e.g. can get walk out basement suites. Taxes are lower and houses are cheaper.

Where in Texas are you investing and how’s the cashflow?

Welcome

Really good explanation and analysis. And true the most inexpensive contractors are not always the best. 1 year for a $13k job - yikes for him!

Really good refi too. 
how’s the neighborhood more like a C and how are the current tenants now.

This is how I have grown my portfolio significantly too. 
thanks for sharing 

Welcome!

There’s a wealth of information. You’re making the best choice investing in properties because that’s how you can build true wealth through assists you own and control. And being a realtor on top of that as an investor focused realtor most investors will want to work with you.

Good on you 😊🙌🏼

Quote from @Ben Bolingbroke:

I am a cohost for a podcast where we focus mainly on young investors within real estate.  We are looking for a few more investors to be on are next episodes.  Please reach out if you have any interest, or if you know someone who would be a good fit!

Hi Ben! I’d love to be a guest! I started investing from 0 in 2020 as a new immigrant and went from 0-15 doors in less than 18 months while working full time and expecting my first baby. Portfolio is around $4mill generating multiple 6 figures annually, replacing my day job salary by miles.

Happy to share with your audience how I turned my hardships into gold through financial literacy and real estate investing!

Quote from @Farai Kufakwedu:

Hello folks. Just made the commitment to get into Real Estate investing 2 weeks ago. There is a BP podcast on the BRRRR Strategy with David Greene in which he gives a hypothetical example of two investors, Tom and Mike. I'd like to consider myself Mike right at the start of his journey. I'm based in Calgary Canada so would love to connect with other investors here in Canada.

 Hesi Farai :)

I’m an investor from Zim based in Calgary. I invest in the US and Canada. Happy to answer any questions. Welcome to the world of investing!

Quote from @Kerry Noble Jr:

welcome

Thank you 

Quote from @Jimmy Lieu:

Quote from @Kuzi Matambo Dumont:

Happy to connect with other Canadians on here or cross border investors.

I started investing in Alberta in 2020 as a new immigrant and quickly grew my portfolio to over 13 units including 1 in Houston, Tx.

I focus on mid term and long term rentals!

Wanting to focus on other states such as Ohio etc

Hey Kuzi, Ohio is definitely a great market! I recommend that you specifically take a look into Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

 Thanks for connecting Jimmy! Will take a look at Columbus, still deciding :)

I agree, tenant selection can be daunting and can make or break your investing journey/portfolio. Your concern is you are worried about squatters right? I usually have at least 3 strong tenants to choose from before making a decision. If your gut feeling is telling you otherwise, you're always going to be on the edge throughout their tenancy. Best to keep searching if you're not very very desperate for income. Also if you don't think its a very strong application based on your criteria, I agree no need to run their credit if you know you're not going to rent out to them.

Try other rental ad websites especially paid ones, you may find stronger applicants that match your criteria.

If not, try listing it on all platforms like VRBO, Airbnb or Furnished finds for a mid term rental strategy. Long term rental is not the only strategy.

Anyone else used an RRSP to buy a property in the US from Canada?