Prairie Estates - Real Estate Investors

Are you ready for another lesson in the game of real estate investing? Here's a funny anecdote to help you learn.

Once upon a time, there was a tenant named "Larry" (not his real name). Larry was a nice guy, always friendly to the landlord and never caused any trouble. However, Larry had a bit of a problem. He always paid his rent 15 days or more late.

Now, as a landlord, you have the option to charge a late fee for tenants who pay their rent late. But what do you do when the tenant is a nice guy like Larry? Do you still charge him the late fee?

Well, the answer to that question depends on your own personal philosophy. Some landlords might say, "Rules are rules. If you pay late, you pay the fee." Others might take a more compassionate approach and say, "Larry is a good tenant. He always pays, even if it's a bit late. I'll cut him a break this time."

In the game of real estate investing, there are many different strategies you can employ. Some landlords like to be strict and follow the rules to the letter. Others like to be more flexible and build relationships with their tenants.

The key is to find a strategy that works for you and your business. Just remember, every tenant is different, and every situation is unique. Sometimes, you might have to make a tough decision. But if you keep your goals in mind and stay true to your values, you'll be able to navigate the ups and downs of real estate investing like a pro.

So, the next time you encounter a tenant like Larry, just remember that it's all part of the game. You have the power to make the decision that's best for your business. And who knows, maybe one day Larry will surprise you and pay his rent on time!

Share my learnings with my fellow investors. Here are the 𝐁𝐢𝐠 𝐓𝐢𝐜𝐤𝐞𝐭 𝐈𝐭𝐞𝐦𝐬 𝐭𝐨 𝐥𝐨𝐨𝐤 𝐨𝐮𝐭 𝐟𝐨𝐫 when buying multifamily apartment buildings.

𝘈𝘯𝘥 𝘰𝘧 𝘤𝘰𝘶𝘳𝘴𝘦, 𝘪𝘯𝘴𝘱𝘦𝘤𝘵𝘪𝘰𝘯 𝘰𝘧 𝘦𝘷𝘦𝘳𝘺 𝘶𝘯𝘪𝘵, 𝘳𝘦𝘷𝘪𝘦𝘸 𝘰𝘧 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘴𝘵𝘢𝘵𝘦𝘮𝘦𝘯𝘵𝘴, 𝘭𝘦𝘢𝘴𝘦 𝘢𝘨𝘳𝘦𝘦𝘮𝘦𝘯𝘵𝘴, 𝘈𝘯𝘺 3𝘳𝘥 𝘱𝘢𝘳𝘵𝘺 𝘰𝘳 𝘭𝘢𝘶𝘯𝘥𝘳𝘺 𝘤𝘰𝘯𝘵𝘳𝘢𝘤𝘵𝘴, 𝘢𝘯𝘥 𝘵𝘦𝘯𝘢𝘯𝘵 𝘱𝘳𝘰𝘧𝘪𝘭𝘦. 𝘈𝘭𝘸𝘢𝘺𝘴 𝘨𝘦𝘵 𝘢𝘯 𝘪𝘯𝘴𝘱𝘦𝘤𝘵𝘪𝘰𝘯 𝘥𝘰𝘯𝘦 𝘣𝘺 𝘢𝘯 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦𝘥 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭.

I love 1st calendar day of every month, why? Because it's rent day.

Benefits of investing in multifamily rental properties include:
✔️ Passive income
✔️ Force appreciation technique
✔️ Potential for growth
✔️ Opportunity to save on taxes by deducting mortgage interest payments and property taxes from your income taxes
✔️ One step closer to financial freedom

Drawbacks of not investing include:
🔺No passive income (Trading time for money)

I wish I knew this when I started my real estate journey. I want to do my part by educating my friends & family with knowledge I gain in last few years from real estate & power of force appreciation in Multifamily assets.

Here are the answers to these question with a case study (actual number) of one our MF property (same property) in all three examples. You can see how value of the asset is growing 📈 as we're improving the NOI (validated in appraisals).

If you have been paying attention so far, answer #5 question.

Want to learn more? Let's Connect (No Fee): https://calendly.com/prairieestates/30min

Take good care of your asset! Similarly how you do good care of your kids. A good asset can bring you another step closer to your dream of financial freedom. This month we're getting brand new roof on our 12 unit apartment building. We didn't really needed to replace whole roof but difference in quote between half & full wasn't much so decided to go full fledge. Plus, this will increase the economic life of the asset.

Learn how to create opportunity when there's no opportunities. We absolutely love buying existing value add multifamilies but what if there is no deals available? I can't sit & wait for opportunities to come my way, which is why we decided to learn all about land development/new builds in our local market.

Today, we had a pleasure meeting Darcy Marler who did absolutely everything in real estate, from brand new multifamily projects to full fledge communities development. He's been a builder, developer, general contractor, and many more titles.

Whoever is interested in building new multifamily together, let's connect.

It was a pleasure to go Facebook live yesterday night with Chris Nguyen & Paula, and share our knowledge & experience in Multifamily Investing space.

I gave an offer to anyone watching the interview, if you would like to invest with us, or maybe want to just want to learn & connect or want a second set of eyes on the deal you're eyeing, let's connect:
https://calendly.com/prairieestates/30min

Ofcourse, there is no fee. Just a fellow investor helping my fellow investors. If my limited knowledge & experience helps anyone, I'd happy.

Real estate buyers to sellers be like

Come join us live on Tuesday 7pm MDT with Chris Nguyen.

Join W3 Real Estate Investing in Canada Group to view live: https://www.facebook.com/groups/1155170768590332/?ref=share

Happy Diwali 🙏!!

Let's invest together: https://calendly.com/prairieestates/30min

WealthGenius - Multifamily Real Estate Investing Bootcamp (Calgary, AB) Join WealthGenius and your host Alfonso Cuadra for an intensive educational weekend focused on Multifamily Real Estate Investing.

Inflation is cooling, but the Bank of Canada isn't done its fight: economists Inflation in Canada is cooling faster than expected, but economists don't expect the Bank of Canada to back down from its fight just yet.

Real Estate Investing Tips
It's always a good idea to keep an eye on your credit score. I use Borrowell & CreditKarma apps. It's free & soft check so won't impact your score. Small habits make a difference!

OFFER ACCEPTED!! 🥳
We have an amazing multifamily under contract after a lot of price negotiations. It's in prime location that is close to Airport, Parks & University. All suites are very well kept. Brand new boiler, and roof replaced 8 years ago. Anyone interested in Lending Opportunity, please DM. Deal allows us to offer great returns to investors.

Our Exit Strategy:
Seller has kept low rents, there is an opportunity to increase rents for all units. Rents of these units can be increased by $100 to $150/month, which will push our new annual rents by $7,200. With new rents, a loan of equivalent to the purchase price can be qualified easily with 1.36 DCR under CMHC after just 2 years.

Cheers on our title acquisition! As you know we bought this beauty a year ago on AFS (Vendor Financing). Our primary target was to improve the Net Operating Income (NOI), hence the property value.

Since then we managed to increase rents by $11,310/annum. The 2nd appraisal came $140k above our original appraised value. 2nd appraisal didn’t even include the higher rents from all units at the time, so the an appraisal if done today should be even higher.

We were lucky to utilize CMHC’s new MLI Select program with 40 years of amortization at a not so great interest rate of 4.3% - 5 year fixed. I definitely missed the boat of low interest rate due to slow processing time on the loan application.

Creative Financing is real, and very powerful. I would have never been able to managed to purchase this multifamily with conventional financing last year. Let's invest together in next deal, DM for more details.

Learn more about AFS from Barry McGuire's Creative Real Estate Education.

PS: I spent between 4 to 5% in closing costs, which came as a surprise so if it's your first deal, keep in mind the closing costs.

Bank of Canada hikes key interest rate to 0.5%. Interest rates are increased first time since start of pandemic.

Roughly $13 more on interests for every $100,000 on your mortgage. So $65 increase on a $500k mortgage.

Bank of Canada hikes key interest rate to 0.5% | CBC News The Bank of Canada raised its benchmark interest rate to 0.5 per cent on Wednesday, a move that's expected to be the first of a series of small rate hikes this year in an attempt to tame inflation that has risen to its highest point in decades.

We are now officially launching our Property Management company in Calgary, AB. To anyone in my network who may need property management services in Calgary & Area, Let's connect.
Website: www.prairieestates.ca
Email: [email protected]

Bank of Canada announces today to holds interest rate steady for now, but indicates the hike is coming soon.

Bank of Canada holds interest rates amid surging inflation The Bank of Canada is maintaining its benchmark interest rate at 0.25 per cent as some economists had predicted an increase amid surging inflation levels.

Growing Population = Growing Money 🏠

Invest in places where real estate demand is high. Undoubtedly Alberta is on top of the list, and Saskatchewan on 4th. Not just Calgary but for 2021 even Red Deer, Medicine Hat & Airdrie made their place in top 25 growing cities.

Source: https://nationalpost.com/news/canada/this-study-shows-where-that-https://nationalpost.com/news/canada/this-study-shows-where-that-mass-exodus-of-people-moved-to-when-they-left-the-big-cities-last-yearmass-exodus-of-people-moved-to-when-they-left-the-big-cities-last-year

Happy New Year Everyone!!
I hope 2022 holds success, prosperity, more deals & profits for you & your family. For us, 2021's big achievement is addition of 12 more doors to our portfolio, alots of knowledge & connection with you.

We are now officially launching our Property Management company in Calgary, AB. Anyone in our network who may need property management services in Calgary, we will be happy to help 😊.
Website: www.prairieestates.ca
Email: [email protected]