All Forum Posts by: Philip Breton

Investment Info:

Single-family residence buy & hold investment in Welland.

Purchase price: $175,000
Cash invested: $25,000

3+1 detached single family home.
Rents at 1900m

What made you interested in investing in this type of deal?

It was our primary Rez.

How did you find this deal and how did you negotiate it?

Private deal. Friend needed to sell

How did you finance this deal?

20% down, conventional bank loan

How did you add value to the deal?

Freshened up the exterior. Painted doors, foundation, gardens, new deck in front, new 600sq ft concrete pad in the back yard.
Finished basement with laundry and bathroom family room and 4th bedroom.

What was the outcome?

This house has so much equity, which has helped us buy our current primary res and offered us a large loc.

Lessons learned? Challenges?

Bought at 175000, appraised in 2021 for 520000. Used the appraisal to refi with a loc for the next deal.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $65,000
Cash invested: $60,000
Sale price: $165,000

3 bedroom flip.

What made you interested in investing in this type of deal?

Quick flip, cash

How did you find this deal and how did you negotiate it?

Off market deal, my brother was flipping the house next door.

How did you finance this deal?

5% down, private investor..

How did you add value to the deal?

Full gut.. everything was replaced… this house will have zero maintenance for years.

What was the outcome?

Sold within a week.

Lessons learned? Challenges?

Should have brrrr’d it..

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Bought private, sold with realtor

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $165,000
Cash invested: $30,000
Sale price: $235,000

3 bed detached, converted to 6 bedroom student rental.

What made you interested in investing in this type of deal?

Cashflow

How did you find this deal and how did you negotiate it?

Mls

How did you finance this deal?

20% down, conventional bank mortgage.

How did you add value to the deal?

Full Reno , added large egress windows, 3 bedrooms

What was the outcome?

Sold

Investment Info:

Single-family residence buy & hold investment in Welland.

Purchase price: $160,000
Cash invested: $25,000
Sale price: $230,000

6. Bedroom student rental that cleared 1200m pretax.

What made you interested in investing in this type of deal?

Cash flow

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

20% dp, conventional bank mortgage.

How did you add value to the deal?

Full basement gut, adding 3 more bedrooms , kitchen, large egress windows and bathroom to the basement.

What was the outcome?

Sold

Investment Info:

Single-family residence buy & hold investment in Welland.

Purchase price: $160,000
Cash invested: $30,000
Sale price: $230,000

6 bedroom student Reno conversion. Basement was a full gut to accommodate 3 beds, kitchen, bath, egress windows . Cash flow was 1200m pre tax.

What made you interested in investing in this type of deal?

Cash flow

How did you find this deal and how did you negotiate it?

Mls

How did you finance this deal?

20% dp on conventional mortgage

How did you add value to the deal?

Reno and fully rented.

What was the outcome?

Sold

Investment Info:

Single-family residence buy & hold investment in Welland.

Purchase price: $160,000
Cash invested: $15,000
Sale price: $230,000

6 bed Student rental, cleared 1200/m pre tax. Bought in at 160k sold for 220k

What made you interested in investing in this type of deal?

Cash flow

How did you find this deal and how did you negotiate it?

Mls

How did you finance this deal?

5% dp. Connvetional bank mortgage.

How did you add value to the deal?

Reno to accommodate 6 bedrooms and fire safety precautions.

What was the outcome?

Sold to settle partner’s divorce

Lessons learned? Challenges?

Choose better partner, structure a Corp for better protection against those life issues.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Local realtor and broker.