In this post, I look at the relationship between interest rates and cap rates.
In this interview with mortgage broker Nadeem Keshavjee of Greenbirch Capital, I discuss the latest trends in the commercial-residential lending space in Canada at October 2021, namely:
Enjoy this interview.
Realtors are often the first point of contact for multifamily investors as they will not only bring properties to them, but they'll also have their back and can provide much market data and assist with the negotiation process.
However, in the world of multifamily investing, prior preparation by investors is not optional!
Higher standards and expectations apply to investors wishing to invest in larger apartment buildings of five-plus units namely they're expected to have done their homework in advance as much as possible.
This interview will go a long way in assisting you with your preparation.
Watch this video interview of another great SUCCESS STORY from one of my graduate students from my on-demand Canadian Multifamily Investing Blueprint training program.
Marty Daalder bought my training program in November 2020, and after a few false starts, he closed on an 8-plex in September 2021.
Although Marty had been investing small rental properties such as rent-to-own, flips, furnished rentals for over fifteen years, he knew investing in larger commercial-residential properties of five-plus units was the way to go because of their economies of scale and the wealth multiplier effect.
Marty is now one step closer to creating more financial freedom for himself and his family.
In this interview, you'll get the amazing strategies Marty used to close the deals.
Please the time to watch this interview with Marty. Once again, it's full of golden nuggets to assist you with your multifamily investing and shave years from your learning curve.
I’ve been investing in apartment buildings since 2004 and teaching real estate investors across Canada how to do it since 2008. The one thing I have noticed time and time again when it comes to what stops people from investing in multifamily properties is their MINDSET!
Henry Ford, yup that Henry Ford who started the automobile Ford company once said:
“Whether you think, or you think you can't, you’re right!”
Those who succeed in achieving higher goals are those who never take no for answer. John Lerat, as you’ll quickly realize in this video interview, is one of those people.
John didn’t have any particular skills other than being a hard-working plumber. He dabbled in real investing in small rental properties (defined as 1 to 4 units properties) but he knew that larger multifamily properties were the way to go.
How did he know that?
Well! He and his sons, who are also plumbers in his plumbing...
Well, if you have any doubt regarding the effectiveness of the systems I teach in order to successfully invest in multifamily properties, please have a look at these testimonials from successful graduate students from my Canadian Multifamily Investing Blueprint who pulled the trigger and who are now apartment building owners.
Zorya went through the on-demand version of the blueprint and attended the live workshop in 2019 and now she and her husband own two six-plexes and have a 20-unit apartment building under contract.
Click on the image below to hear what Zorya has to say my blueprint training.
Joel Labonte owns a flooring contractor in the Town of Canmore (AB) and he also attended my workshop in 2019 and recently closed on a 17-unit building in British Columbia.
Click on the image below to hear Joel's testimonial about my blueprint training program.
And finally, here is Ricardo Chirinos who took the combo offer of the on-demand course and live virtual workshop...
Here my interview with Joel Labonté, a flooring contractor, who took my Canadian Multifamily Investing Blueprint experiential workshop in 2019.
Joel recently closed on his first multifamily in British Columbia, a 17-unit building.
I just love it when my students take action and become successful by following my teaching.
Way to go Joel.
Once you move to the sandbox of investing in apartment buildings of five-plus units, it's likely someone is going to have to provide personal guarantees on the financing!
How much of a concern is it? That's what I discuss in this post.
May 13, 2021, 5pm MST /EST: Masterclass on: The Magic of Cap Rates Revealed!
May 27, 2021, 5pm MST/EST: Masterclass on: Attracting Capital for Your Multifamily Deals.
June 3, 2021: 5pm MST / EST: Masterclass: Financing Your Deals Like a Pro
In this video, I share a few tips about how I was very successful at attracting capital to acquire apartment buildings using the very simple but powerful framework I learned as a multifamily underwriter at CMHC.
The bottom line is that you should approach your potential investors just like you would your banker.