All Forum Posts by: Olivier Clow

@Andrew Krelove

Hey Andrew! when you say off island, what do you mean? North shore, South shore, more west?

From what I've seen there are quite a few interesting properties that are very well priced if your'e looking for a multi family. It really depends which area you're considering since off island is a bit vague. Did you have a more specific general area in mind? 

Hi everyone,

Im very new to the forums and real estate investing. Im a 26 year old contractor from Montreal, QC with 10 years of experience as a carpenter. Im looking to purchase my first Flip in the next few months. I have the skills and trade knowledge for the hands on stuff but I don't have the funds. I have no experience with hard money lenders. Im still deciding wether i should start with a flip or a BRRRR.

 My question is, 

Is a hard money loan a good idea for a BRRRR?

what are your experiences? what should I look for in a lender? are there lenders that would do 100% financing (including rehab)? 

Do you think there are better financing options for someone starting out?  I doubt a Traditional mortgage would be an option, I purchased my home last year. 

I would love to hear any suggestions, opinions and experiences!

Cheers,

Oli

@Jared Hottle

Thank you for the encouraging reply and and great advice, I really appreciate it! I am very happy that you suggested driving for dollars. I already have a list of properties that I have seen by doing that and I am trying to get the contact info for the owners! Hopefully something will come of it.

Hey there! I'm new to the forum. but i have been hooked on BP podcasts for a while! I'm a 26 year old contractor in Montreal, QC. I have 10 years experience as a carpenter and now co-own a wood fence company. I'm very new to real estate investing but stoked to learn as much as I can. I am very interested in flipping so I would like to learn more about deal analysis and all that stuff. I am also interested in buy and hold either single or multi family. I currently own a house with my business partner. We are thinking about selling in late spring. Im hoping that with my profit made from the sale, along with my savings, to buy my first flip towards the end of the summer. Im looking for any opinions that may help along with suggestions for best books or courses to help get better informed in these areas!

Cheers, looking forward to chatting and connecting with new people!

Oli