All Forum Posts by: Travis Hewlett

Hey @Himanshu Modi,

I have a good network of contractors, realtors, etc and have BRRR'd multiple single family homes into legal suited up/down duplex's. If you shoot me a DM I can provide you with the contact info a good reno-focused realtor as a start as well as a few neighborhoods to investigate according to your budget. Thanks and have a great day,

Travis

Hey @Andrew Dutcher,

Have you spoken to a mortgage broker? I would find a mortgage broker that is familiar with investing and chat with them for ideas. They typically have access to hard money as well as creative ways for you to get your deal done. Have you thought about a 5% down CMHC loan, where you could buy a bungalow as your primary residence and add a basement suite (or buy one with a suite)? House hacking a BRRRR on a 5% down loan is a great way to get started!

Hey @Juan Soto,

I just DM'd you conact info. for Garth Chapman at Jencor. He's awesome and a long time investor. 

Hey @Ahmed Mohammed, Garth Chapman @ Jencor is very experienced and a long time investor himself. Google Jencor, or shoot me a PM and I'll provide you his details. Happy Investing!

I understand what you're saying @Account Closed, and if I found Biggerpockets before Keyspire, I probably wouldn't have joined Keyspire. But, I paid for the Keyspire membership (it wasn't 30k then, but it was a lot) with a loan,  and got an unbelievable baseline of knowledge which has saved hundreds of thousands of dollars in mistakes, met multiple financial and joint venture partners, got an unbelievable foreclosure, and belong to a great network of like-minded investors. I believe it's pushed me way further in my investing career than if I hadn't joined. I agree it's a lot of money, and if you don't use the knowledge and network, it would be a complete waste of money, but if you get to work and work the system, it can massively accelerate your growth. 

Hey Juan,

Congrats on getting a property! Shoot me a PM and I can help out with all of the above.

Hey @Kelvin Truong,

Kris's book recommendations are a must above. REIN and Keyspire are Canadian investing groups that have been putting out free webinars throughout Covid as well as paid trainings. I am a local investor in Calgary and there are definitely opportunities, but I would get educated on investing in general, find a really good investing focused realtor, and identify your area and asset class before you start looking. Feel free to shoot me a PM with your details and we can line up a zoom or phone call and I can help with info. on the Calgary market. Thanks and good luck!

Travis Hewlett

Hi @Huong Luu,

We ended up removing the existing hardwood floor as well as the subfloor from the main floor and installing Roxul Insulation between the joists from the main floor. This saved us having to re-drywall the whole downstairs ceiling as well as redoing the flooring upstairs. The new subfloor definitely eliminated the squeaks and the insulation muffled more of the sounds ie; talking, music, TV etc. but it is still not perfect. We didn't have the costs broken out, as they provided a lump sum price, with items included on the scope. The subfloor is approx. $15-$20 per 4'x8' sheet, so it is quite reasonable. Removing the existing hardwood and subfloor was extremely labor intensive and not an easy job, so I was happy to have it quote as a lump sum job going into it. Let me know if you have any additional questions. Good luck,

Travis

Hey @Jesse Verlint,

There  are a few real estate meetups in Calgary, but not a lot specific to Biggerpockets. I am going to host a meetup in early March, with folks from BP as well as some other Canadian real estate group member ie; Keyspire, REIN. I am just nailing down a date and location and will provide more details and a date in the next week or so. Stay tuned!

Hey @Colton Potter,

My mortgage broker let me know that the big banks have been tightening their refi rules and are making you hold the property closer to a year. We just started a project with Scotia and I was told that I wouldn't be able to refi until i've held it for a year to get the total new appraised value. We could refinance after 6 months, but they would only give us the amount we spent on the reno. I would inquire directly with RBC to find out.