All Forum Posts by: Mazen Al Ashkar

Hello, 

I only have multi-family in Quebec but I can't seem to find any attractive MF deals lately. I'm curious if there are multi family investors here who have assets in ON, maybe Ottawa or other places to shed some light on the market conditions? Would love to connect and hear about your recent experience. I'm basically trying to find some inspiration if i need to look outside of quebec.

Appreciate it
Mazen

Hello,

Fellow Canadian here from Montreal. Are there any Multi-family investors here? Would love to connect and hear about the types of deals you're finding these days. I haven't been lucky in Quebec recently with finding good deals. Curious if others have the same experience, whether in Ottawa or elsewhere?

Appreciate it
Mazen

Hi, 

Looking for Quebec investors, ideally who have bought in Montreal. I'm underwriting my first big deal and would appreciate it if an investor is available to look over the numbers with me and assumptions i made. 

Appreciate it

Mazen

Quote from @Stetson Miller:

@Mazen Al Ashkar I would definitely recommend taking a look at Lehigh Acres. The supply for these types of investments is great right now, rentals are still in extremely high demand, and cash flow is often nearly the best you can find anywhere else in the state. Naples tends to not necessarily be the best in any of the major categories that investors often consider pertaining specifically to long term rentals

 Thank you Stetson, i would have never considered Lehigh Acres :). Do you have a deck on potential in the area? Are you an agent in the area? If yes please connect with me and i'll be happy to take a look. 

Quote from @Steve C.:

Emerging Trends in Real Estate 2022 - Michigan Ross

http://www.bus.umich.edu/Kresg...

You can also reference this report to have an idea about different markets in Florida. 

I personally think Jacksonville is a great market.

 Awesome! Thanks for sharing!

Hi, 

If you were to build up a portfolio of investments in Florida (A mix of multifamily and SFR). Where would you suggest to start buying? I'm starting to look seriously at Florida and i would appreciate your input on the best areas. The place i've been looking at so far is Naples and seems like condos and SFR are the most popular products in the area.

Thank you

Hello,

It's been a while since i've posted here. I thought i would post an update on a refi we just completed after 2 years on a 4plex in Longueuil. I'm hoping this would motivate someone who needs a little kick to get off the couch on Sunday morning and do something. 

Purchase date: Mar 2019

Purchase Price: 565k

DP: 113k

Rehab 25k

Revenue at purchase $42,240

Revenue at Refi $54,780 (29% increase by putting new tenants)

Refi in Feb 2021 at FMV of 791k

Cash out ~150k (New loan of 600k 30 yr AM)

Equity remaining in the property - 191k

Happy Investing! 

Hello BP,

I have a friend of mine who's enjoying his condo investment in Puerto Vallarta, beach front condo for ~100k USD. With short term rentals, he's making healthy returns. I have some cash set aside and was wondering if anyone had any experience in Puerto Vallarta or Playa Del Carmen since i hear those are the hottest 2 spots to consider as an investment. I don't have much experience in the Mexican market. Would love to get your input

Cheers

Thanks @Taylor L. Good to know about the market conditions. I'm posting here so i can meet reliable contractors who can give me an estimate of the work. We'll see what the numbers look like. I got this property from a foreclosure since i owned the 1st position loan on it. 

Hi, 

I was thinking of just selling this property As-Is since i'm an out of state investor but i'm starting to think that it would make more for me to just fix it up and flip it or BRRRR it.

Do you know any general contractors that you would recommend in the area? I need someone you trust and i can build a relationship with in the area. 

Thank you