All Forum Posts by: Matt McKee

Looking forward to this! Will be great to meet some Windsor Investors & Entrepreneurs 

I recently had the pleasure of meeting @dandesveaux in Sarnia and he walked me through the city and his properties. It was very interesting and eye opening - I hadn't considered investing in Sarnia until then - but now I find the market very attractive. There certainly are lots of Cashflowing properties in addition to potential flips and BRRRR candidates. (Though if you're hoping for quick/easy appreciation - I don't think this is a good market for you)

Dan was willing to let me record our interaction - in the video he walked me through a couple of his flips and showed off some of his BRRRRs. (Great thing was on his flips, he actually shared his numbers to give me a better idea of what to expect - as I've never done a flip before). 

In general I think there's a lot of interesting stuff going on in Sarnia - and the downtown seems to be slowly revitalizing. In part due to local businesses like the craft brewery Refined Fool - If you're in Sarnia - I highly recommend checking them out - great variety of beers. 

Sarnia is high on my list of markets to learn more about.

@John Burtle Thanks for checking out the video, and my other videos on youtube. Part 4 should be out next Monday and Part 5&6 a couple weeks after that. Shooting & Editing the videos ended up taking up a lot more time than I originally anticipated, but they should be coming out shortly. 

I missed the last one - but am really looking forward to catching up with everyone on Oct 11th!

Thanks everyone for checking it out & for the encouragement! 

I just wanted to post a before & after video of the front unit of my duplex in London Ontario. I got Possession in early July, I did a fair bit of the renovations myself, but did hire out aspects (like electrical and drywall). I likely spent about 80hrs working ont he front unit, and another 70 on the back. Main focus was - adding a dishwasher to the kitchen and in unit laundry, as well as replacing the flooring and repainting the unit top to bottom. (Overall the property was in decent condition, it had just been cosmetically neglected for about 15 years and the previous tenants were hard on the property)

<iframe width="560" height="315" src="https://www.youtube.com/embed/bkL6ByeFuG0" frameborder="0" allowfullscreen></iframe>

https://www.youtube.com/watch?v=bkL6ByeFuG0

This is the first property I've BRRRR'd in a short time period (same year).

I purchased the property for 110K (132K asking) and spent just under 11K total in renovations. (Renovating both units) and was able to increase the gross rents by $450/mo (1100 vs 1550) and had the bank (BNS) reappraise it for $150K - so I was able to BRRRR this property with my only investment (after refinance) being my holding and closing costs (amounting to under 5K). Now if I could only find properties like this on a more consistent basis.

Here's a brief summary of the expenses I incurred:

I'm very happy with the way the unit turned out, and think I've got a great tenant in it (She's been consistently paying her rent a week early and unprompted!) Thanks @KellanP for the referral! 

Hi Grande Prairie BiggerPockets members - just thought I'd post a note seeing if anyone would be interested in showing me around your city? I'm currently on a road-trip with my father (having left from London On) to Grande Prairie (as part of one of my dad's bucket list trips) and thought I'd see if anyone was willing to show me around? I'll be in the area from the 23-25th of September - I'd love to learn about your market (and if your willing document it for my YouTube Channel) - and/or if you could recommend a good real estate agent that would be willing to show me a handful of properties - that'd be awesome. 

More likely than not - I'm a tire kicker in your market - but I'd love to learn about it- and who knows, if your market can compete with the roi/cashflow I'm used to in London than I'd be tempted to do more than kick tires. Or even just meet up and have a couple pints and learn how your market differs from those I'm familiar with. 

I look forward to hearing from GP's BPs members.

Thanks in advance!

If anyone is curious to get a feel for what BPs meetup in London is like, below is a time lapse I shot of August's meetup. It's a lot of fun, and the networking is very useful! It's great being surrounded by likeminded individuals and people that are familiar with your own local market.

(Time Lapse starts at 19s)

https://youtu.be/UmJjWkwMWL8?t=19s

<iframe width="560" height="315" src="https://www.youtube.com/embed/UmJjWkwMWL8" frameborder="0" allowfullscreen></iframe>

For anyone that's interested in @Jeff Wybo property tour, I recently launched a YouTube Channel, and one of the first videos is of the Aug 14th Property Tour - curious to see what a Limo Property Tour is like? check it out at:

https://www.youtube.com/watch?v=o-YNTkLLJ6A

We viewed what may be London Ontario's smelliest home!