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All Forum Posts by: Simon Kouperchand

Simon Kouperchand has started 2 posts and replied 9 times.

Post: Montreal Real Estate

Simon KouperchandPosted
  • New to Real Estate
  • Montreal, Canada
  • Posts 12
  • Votes 4

Hey Devyn, let's connect. 

Post: Investor in Montreal Quebec looking for references

Simon KouperchandPosted
  • New to Real Estate
  • Montreal, Canada
  • Posts 12
  • Votes 4

Reading this does not make me want to share my contacts with you especially how you haven't provided any value to anyone.
Try reaching out to some bigger pockets members via messages and try to connect on a more sincere level. And honestly, you don't need to line up all your contacts before you get into a deal, it is wise but not necessary. Network and they will naturally come your way. My 2 cents.

Post: We buy your house for cash - whats the angle ?

Simon KouperchandPosted
  • New to Real Estate
  • Montreal, Canada
  • Posts 12
  • Votes 4

I know them personally. They definitely have deals in their pipeline each month. I've actually gone through the process of buying one of their deals with partners. They have good deals and the guy working for them in Quebec is rock solid. 

Post: Co-sign with the family business (first property)

Simon KouperchandPosted
  • New to Real Estate
  • Montreal, Canada
  • Posts 12
  • Votes 4
Yes

Originally posted by @Alberto Foglietta:
Accoring to Ratehub (https://www.ratehub.ca/investment-property) for a 3-4 unit owner occupied property the max LTV is 90% (so 10% down payment) which means I could still qualify for the CMHC.

Originally posted by @Simon Kouperchand:

Hey @Alberto Foglietta,

Pretty sure that you have to have it under your name in order to get a first time home buyer loan and a lower DDP. (not certain)

Also, LLC is US specific. If I remember correctly you're investing from Montreal.

Post: Co-sign with the family business (first property)

Simon KouperchandPosted
  • New to Real Estate
  • Montreal, Canada
  • Posts 12
  • Votes 4

Hey @Alberto Foglietta,

Pretty sure that you have to have it under your name in order to get a first time home buyer loan and a lower DDP. (not certain)

Also, LLC is US specific. If I remember correctly you're investing from Montreal.

Post: First Flip Montreal **Advices**

Simon KouperchandPosted
  • New to Real Estate
  • Montreal, Canada
  • Posts 12
  • Votes 4

From what I heard, I'm no expert. Flips aren't something you should be getting into right now.

Post: Razvan G - New investor in Montreal, Quebec, Canada

Simon KouperchandPosted
  • New to Real Estate
  • Montreal, Canada
  • Posts 12
  • Votes 4

Hey @Razvan Gazi, nice connecting with you. Also a new investor in the Montreal region. Currently bird-dogging 5 units + rental units to my big network of investors. 
I am also interested in the recommendations you will get through the post.
What area are you looking to invest in particular?

Post: Where are my Montreal Investors? Let's connect!

Simon KouperchandPosted
  • New to Real Estate
  • Montreal, Canada
  • Posts 12
  • Votes 4

I'll start: 
I'm a student that is very passionate about real estate investing. My goal is to acquire my first property by the end of the year. Rental units 6+ is what interests me the most. I have a lot of knowledge in Facebook advertisement as I have run a lot of marketing for Realtors. (And yes, I know how to generate motivated sellers).
Very active in the English CIIQ (Club d'investisseurs immobilier Quebec).

Now it's your turn: Who are you? What do you specialize in?

Post: Rent to rent in Canada (montreal)

Simon KouperchandPosted
  • New to Real Estate
  • Montreal, Canada
  • Posts 12
  • Votes 4

In the Uk, a popular trend called rent 2 rent peaked my interest. Rent 2 rent is basically getting permission from the landlord to let you sublease the property, typically you rent every room to a different tenant in so-called HMO's, house of multiple occupancies. 

I was wondering if you could do that in Canada, Montreal. 

You rent an apartment from the landlord, with PERMISSION and rent each room individually.

Why would the landlord do this?

1. You get a monthly guaranteed rent. 

2. All the damages would be paid.

Is this allowed?