All Forum Posts by: Vlad Romanov

Can you share methods that have worked for you to find leads? How are you finding them elsewhere?

Cheers,

Vlad

Hi all,

I'm currently searching properties in the Montreal, Quebec (Canada) region. That being said, the numbers just don't add up to what I would expect. A tri to quad-plex would hover around 600-800k in reasonable condition, would require roughly 20-30k in repairs, and provide 20k-30k pre-expense yearly revenue.

I've created multiple spreadsheets, looked at many properties and it just doesn't seem to make sense to invest in a property in this region. Comparably, a house in the suburbs is often listed around 300-400k with similar revenues. There's obviously a difference in vacancy rates and how must the house grow over the years, but is this normal?

For a first-time buyer, how would you recommend to proceed? I've gone over calculations multiple times; now is the time to make a decision.

Thank you all for the valuable resources and contributions,

Vlad

Hi everyone,

Just wanted to quickly introduce myself to the community. I'm an Electrical Engineer with a couple of years of professional experience looking to get my first multi family plex and work toward increasing my cash flow.

Looking forward to reading the resources, attending webinars and networking with the members on BP and learning as much as possible every day.

Cheers,

Vlad