I wanted to share another success story with you from a graduate student of mine, Tony Dinh, who took my very first 2-day live workshop back in 2011.
The above video is an excerpt from my interview with Tony. He and I had not connected since the workshop.
All pumped up after attending my workshop, Tony Dinh went out and bought his first 8-unit apartment building in Calgary with a $100,000 in down payment for a purchase price of $576,000 with seller financing. At $72K/door, the property was well under market value for the City of Calgary and I know many investors looking at that property might have passed on it!
Not Tony!
It resulted in an 735% cash on cash return on investment (including principal paydown and cash flow) in just seven and a half years when the City bought the 8-plex for $1,260,000 as part of an expropriation process to build a light rail train system.
This is a game-changer for his young family!
Tony is a first generation Canadian from boat people from...
Recently, I just reconnected with one of my graduate students Zorya Belanger, who took my live Canadian Multifamily Investing Blueprint workshop three years ago.
Using the knowledge I shared with her and armed with courage, she and her husband took action and acquired their first multifamily property, a brand new six-plex.
Above is an excerpt (6.54 min.) of my interview with Zorya.
Click HERE to listen to the full interview. I highly recommend you watch the full interview, especially if you're starting out to invest in multifamily properties. There are a lot of gold nuggets!
Although they initially set out to look for a larger existing apartment building in the range of a ten-unit or so, a different opportunity came their way with this brand new three townhouse project with each one having a separate one-bedroom suite below, but all units are above ground.
There are many things I like about their strategy, namely they remained nimble and seized a different...
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