All Forum Posts by: Max Shepherdson

Hi guys,

I’m a contractor / investor from Victoria BC. I’ve completed 4 flips here in the local market and am now expanding my horizons to Cash flowing apartment buildings in the mid west US. I’ve partnered up with with a very experienced investor out of Toronto who has been doing these types of investments in Can/US for 20 years. We also have a bullet proof cross border accountant on our team. 

I’m reaching out to anyone who’s interested in learning more about what we’re doing. Typical Annual returns range from 12-20%. Some very exciting things coming up! 

Feel free to get in touch and talk Real Estate!

Cheers!

Hey Tajinder!

Im analyzing multi family deals in BC Canada and I'm finding cap rates from 4-12% some of the best I've found! Haven't looked out of state yet.. Are you interested in partnering?

Cheers!

Hi Guys!

Im looking to connect with investors in Canada or USA who are interested in partnering with me on multi family deals on Vancouver Island Canada. I would love to sit down and chat details with anyone who's interested! Deals from Port Hardy all the way down to Victoria on Vancouver Island! If you have ever wanted to put money into real estate but are a little confused or don't know how, please get in touch and we can make it happen!!

Hi guys,

Im looking to put together Joint ventures with money partners. I have off market properties and I have people who want to invest with me. Im trying to figure out ways of how I can connect the two and also pay me in the process.

These deals would consist of buying a SFH that already cash flows, (how does the investor get their money back from a buy and hold?)

Using private money to help me on some of my new build buy and holds, (how does the investor get their money back?)

Using private money to buy large lots with multiple buildings on it that cash flow already and have potential to knock down and rezone/ rebuild 10 townhouses.

I have a bunch of deals in the pipeline and some that are ready to go right now i just need to know whats the best way to structure these kinds of deals? So that its a win win.

Any help would be hugely appreciated!!

Cheers!

Hey guys cheers for your input.

Yes the existing house is a 2/1 with an unfinished basement so possible for a 1bed suite.

It's only assessed at $72k and built in 1930. Last rehab was about 30yrs ago but the big ticket items are in good condition. So yeh I'm thinking do the SD straight away and sell lot to take the mortgage right down, do small renovation on main level and basement Reno downstairs and keep it as a rental.

Hi guys,

Just weighing up options to see what the most profitable one could be..

I have a seller who has an old character house 2/1 with about 1450 sqft divided into 2 levels, he wants to sell in August as in the summer he has family coming over to stay.

His lot is large enough to be sub divided and both houses either side have done so about 5-10yrs ago.

Im also looking to move out of my residence with my partner into a house.

Asking price is $550 - This is an off market deal and he would like to sell to me.

Assessed price of 2 lots like the ones next door are $570k. So im getting $20k discount and the house for free which is assessed at $75k.

The area is up and coming and there are a few modern properties popping up on sub dividable lots.

The market is very hot, if he were to sell using a realtor id say he would easily get $600k.

I would like to lock in the purchase now and potentially he could rent it back from me so he didnt have to move and i get a property at a great price as by august the market would have gone up even more and he might start chatting to realtors...

So the options i have been thinking of are;

Buy and live in current house, and hold for a few yrs (land value went up $75k last year and will be continuing at that pace for the next 2 yrs at least)

Buy, live in house, complete the subdivision for about $45k and sell off the lot for about $300k

What other options could I look into?

Not big margins and high up front costs on building 2 new homes on the new SD.

Let me know what you guys think as id love your imput!

Thanks again BP!

Hi guys and gals!

I need your tactical advice on what to do here...

We have a commercial property that we have locked up for $3.35 million.

We are looking to assign to a new buyer for $3.5 million.

We have a buyer for this project however they are planning to wait our contract out and then go directly to the Seller. We are on friendly terms with the seller and told him the situation and he said that he would not sell to someone who would do something like that. So if that happens then no one gets anything and nothing is bought or sold..But we need this to go through! How can we win this deal?

Our lawyer originally wrote up the assignment contract but it turns out that he is also the buyers lawyer and they are the one of the big wigs in town, so he is representing them not us. We have a good lawyer friend of his acting for us..

One of the ideas we had was to go back to the seller and ask if we can submit another contract on the back end of this one, so we have it tied up for a longer period, but that comes down to the seller and hes already extended it once for us..

Any help or advice would be greatly appreciated!!

Many thanks in advance!

Cheers

Randy! What's happening mate?! Welcome to BP! I'm fairly new to this site also but so much awesome info! We should grab a coffee sometime to chat, we potentially could work together on deals..

Hey guys! Great to see some locals getting amongst it!

My name is Max Shepherdson and I'm getting amongst it out here in Victoria BC. I would love to see the rehab you did  @Joel Sherlock and the numbers that went along with it. Would you care to share some of that info? I have flipped 2 houses in Australia but living In canada now and starting the process here! Love to connect with local like minded people!

Hi all!

Myself and my business partner have just locked up a huge space of 28,837 sqft of downtown space in Victoria BC, Canada. This is an off market deal. We thought it might be a good opportunity to reach out to USA buyers as your dollar is so high against ours up here in Canada. Our price is $3,650,000. Please do your homework and get back me us with any questions or concerns.

The property is at 926/932 Pandora Ave, Victoria. It's split into two lots which total 28,837sq.ft.

The property is zoned CA-1 and is in the heart of the area slated for increased residential density as expressed in the OCP. This site is across from the St. Andrews School site being developed by Bosa, which will likely break ground in the next 3 months to build a 195 unit rental development with nearly 50,000 square feet of ground floor commercial space. As well, Cox Developments has begun pouring the foundation for its 13 story tower a block up at Cook; this area is densifying and will become a residential - high density corridor in the coming years, with land values to rise in step.

We have some more specifics on the property and if you are interested we would love to speak with you about it.

If you have no idea about the market here please check out these links... this place is booming!

http://victoria.citified.ca/news/real-estate-sales...

http://vibrantvictoria.ca/forum/index.php?/topic/3...

Cheers

Max Shepherdson