What does the wainscoting on the ceiling do? Is there a specific type of wood you use i.e. pine, oak, etc?
@bramp43314 ай бұрын
merci pour l'info mon ami ;-)
@Fs-IT-Center5 ай бұрын
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@louisaseales4367 ай бұрын
I really enjoyed this video. There are things you figure out the hard way, but nice to see a video that helps preventative measures. Example the shower, it hasn't happened yet but nice to know. Thank you.😊
@sandeepmarwaha4005 Жыл бұрын
Any tips on student house insurance?
@crazyicecream2237 Жыл бұрын
Smart man. You look like you know what your role is- keep being an inspiration to many. Tysm
@NiagaraRegionLiving2 жыл бұрын
How long do you structure if you have 95-100% VTB? Thanks for the video.
@philipperitchie3822 жыл бұрын
Do you know of a insurance compagnie in Canada (quebec) for student housing properties?
@MrTrollified Жыл бұрын
Any update on this?
@philipperitchie382 Жыл бұрын
@@MrTrollified I did find one, but still looking for better coverage.
@TheFutureFresh2 жыл бұрын
Great video and information.
@Claire-yz4hx2 жыл бұрын
May I know how to have one lease for multiple individuals who live in the house when their lease term is different? It sounds reasonable and effective so I would appreciate the details on how it actually works. As for the home insurance, can it be one paid by the landlord or each student need to buy their own home insurance? Thanks a lot.
@BlushLight2 жыл бұрын
How do you separate the mailbox addresses, trash cans and front/ back yards?
@bradpitt12632 жыл бұрын
Have to keep both address
@abrahamkhafajy82142 жыл бұрын
what kind of retard student do u rent for? Please don't speak up for all student, and stop making an entire different group of renter just because they are students Some of them were more respectful than many adults and couples that rented my apartment
@joesmackunstable2 жыл бұрын
lmfao
@joesmackunstable2 жыл бұрын
You should wear a mask. Not because of the pandemic, but because of the mold.
@greenmineproperties98212 жыл бұрын
Thank you so much René for this information, merci beaucoup
@dborg563 жыл бұрын
Seems shady to me!
@UBERGAME3 жыл бұрын
Who does your books? I’m in need of a RE accountant
@robertcheszes83763 жыл бұрын
Great simple explanation - maybe some slides or whiteboard to illustrate..
@realestaterene3 жыл бұрын
I agree. Next time.
@michaelpama60253 жыл бұрын
Great video! Does the same applies for SDA -TFSA?
@CreativeInvestorU3 жыл бұрын
Nice strategy, René!
@Mr.Man-3 жыл бұрын
This video goes in further to what we had spoken about. I’m grateful it’s here. I think where I’m getting stuck with a VTB is I’d like to see a deal, learn how the framework can look.
@realestaterene3 жыл бұрын
Thank you. I'm happy you found it helpful. I can provide you some VTB paperwork to give you some clarity.
@Mr.Man-3 жыл бұрын
@@realestaterene Yes please, it will provide the visual element I need.
@davamckay3 жыл бұрын
Where do you find the people with the mortgages?
@Mr.Man-3 жыл бұрын
Great content Renee.
@realestaterene3 жыл бұрын
Hi Michael, Send me an email to [email protected]. We can schedule a time to talk. Thank you
@djibytube3 жыл бұрын
great vidéo! Any idea what trustee companies that offer the non-arm’s length mortgage rrsp? (Borrower is the lender)
@realestaterene3 жыл бұрын
Olympia Trust
@vipuldesai57823 жыл бұрын
Is realtor involved in this process or direct dealing with seller?
@realestaterene3 жыл бұрын
An experience realtor may be helpful, although this is best when dealing directly with the seller.
@yusufyigit33173 жыл бұрын
hello i am yusuf I owned the channel YUSUF YİĞİT MÜZİK, but there was a problem and I can no longer access my channel. I got a message from gmail and it says that René Masse is the new owner of the channel. Is this person you? Take a look at your channel list and check if you have the channel whose address I gave below. If you are this person, please assist me. I can't access my channel. kzbin.info/door/Rcf4jo6tO5XWq2palEbwig
@AberrantArt3 жыл бұрын
Does the property need to be paid off in full to do a VTB? Is this any different than "seller financing"?
@realestaterene3 жыл бұрын
No. The property does not need to be fully paid off, but it should have a substantial amount of equity. Seller financing and VTB are the same.
@AberrantArt3 жыл бұрын
@@realestaterene wouldn't the note be called due by the bank, upon transferring the deed?
@realestaterene3 жыл бұрын
@@AberrantArt it can be added after you have closed on the property. As long as it is agreed with the seller prior to closing.
@AberrantArt3 жыл бұрын
@@realestaterene thank you. Do you have any videos that go into detail on the process? I would love to know more about the details and legal steps that need to be taken.
@mikep48693 жыл бұрын
I like this presentation - it is a very good secret. Thanks for showing it. We did this type of investing from 2007-15. It was the best growth program we entered. But, there is a lot of work involved. I read Greg's book and came to the conclusion that he may never have engaged in this type of investing - just a speculation. It was still a good read. If you are doing 1st mortgages for borrowers unable to secure a mortgage from main stream lenders, then you are much safer as there in no one in front of you on the loan. But your returns are not that great and you need a lot of capital if they are looking for +$500k. Real estate investors are the best to work with as you can do short-term financing (less that 12-months) and earn very good returns as a 'Hard Money Lender'. Everyone wins here. If you are lending on a 2nd (or 3rd) mortgage - look out! You can make fantastic returns (>20%) but you will be engaging in 'Power of Sales' to recover your monies on some deals - risk is much higher. That takes considerable financial strength - not to mention some nerves. Your lawyers are your best friends and they do this type of investing also. We did 10-12 deals a year, with about $1M out at any given time on 2nd mortgages. There is a lot of set-up to make this work. Find a good mortgage broker to provide deal-flow and work with your local REIN for investor deals. Now that we are retired (and more experienced) we plan to re-enter this space to diverse a bit more. Olympia Trust and Community Trust are the only ones in Canada still providing the Trustee service, that I know of. TD stopped about 5-years ago. Mortgage Investment Corps., are a good alternative as well - look up Pro Funds in Ontario. It simplifies the process if you have substantial funds to place.
@ronaldwilliams96003 жыл бұрын
Skip to the 3 minute mark to get to the permit information.
@ramsey6333 жыл бұрын
take the piss out of the poor students lock them into a watertight contract fleece them and their parents for a shithole or get some revenge and fill the heating system with salt water a slow corrosive effect
@dangalbraith61873 жыл бұрын
Very interesting strategy but I have so many questions! One being why would anyone borrow from me instead of the bank or another institution? I just purchased Gregs book so hopefully that'll help. So sick and tired of the pathetic real returns elsewhere. Thanks Rene
@realestaterene3 жыл бұрын
Hi Dan, If you have several questions, feel free to email me. Just google my name and you will find my email. I will be happy to answer any further questions. Thank you.
@evanajuria86283 жыл бұрын
Commenting for the youtube algorithm...
@Iscoalarcon23223 жыл бұрын
What's your take on this now, René? Is it time to buy or should one wait? Is the COVID-19 crisis only the start? Kind regards
@denzelsoliven46574 жыл бұрын
Thank you very much for this informative video. I am a real estate Investor from Winnipeg Manitoba and I’ll use this for raising capital for my deals. Another comment is I can’t believe this video only has 1.4k views at the moment!!
@realestaterene4 жыл бұрын
Denzel, Well done! Use it to your advantage. It works! Feel free to share this video with friends and family. Thank you.
@joelledoux33364 жыл бұрын
I don’t understand the part about refinancing. What do we mean by that exactly?
@dominicgalindo9874 жыл бұрын
What barbershop is this brotha, and what is his name? Thank you!
@nickking15104 жыл бұрын
My mortgage is due for renewal 2021 I am 64 can I set up to borrow from my rrsp to pay off the mortgage and pay rrsp back instead with interest but not de register the amount $30,000? I rather pay my rrsp interest than the bank
@francescoalberga76274 жыл бұрын
Some of the benefits in real estate can be applied to stock market: leverage, cash flow, reinvesting
@realestaterene4 жыл бұрын
Yes. I agree. Yet few do it. A well diverse portfolio should include real estate. It is also a great way to create wealth in a short period of time.
@davem37894 жыл бұрын
How do you advertise for students? I would like to target engineers, law school, med schedule etc type students. Thanks
@mollyover23693 жыл бұрын
Current student in a student rental now: Facebook housing groups/ groups for grad students at my school are how I found the company I am living in now. Also make sure you show up on google and consider facebook ads. Some schools also have pages specifically for students looking for housing and roommates. When you do find tenants try to see if they have younger friends that might want to live in the house the next year or if they can help you advertise.
@MeMyselfandI9534 жыл бұрын
Shes very knowledgeable!
@ikjotgill82544 жыл бұрын
I would love to learn more. This was amazing content. My email is [email protected] so I would love to know more about this type of content
@The_Phill_A_Blunt4 жыл бұрын
Great tip on automated payments we actually got all ours to do this last month and it is so easy
@KhoiNguyen-ic5pi8 ай бұрын
How did you set up automated? ACH transfer, 3rd party? TIA
@qwekuleroygyimah77284 жыл бұрын
This was really helpful. Thanks for sharing
@realestaterene4 жыл бұрын
You are welcome. Be wealthy and prosper! :)
@qwekuleroygyimah77284 жыл бұрын
@@realestaterene amen
@happyhobbit84504 жыл бұрын
There must be a way to invest your rrsp money in a non-profit or cooperative? That doesn't seem right that you can't use your own money to invest in your own business . . . this would mean that you are ultimately responsible for the fate of your own money -- is your own skin in the game!!!
@realestaterene4 жыл бұрын
Yes. You can lend your RRSP funds to non-profit organization. Make sure it's cash ready. Set up an account with Olympia Trust. Lend them your funds secured to real estate and give them a great deal on the interest rate. Voila!
@realestaterene4 жыл бұрын
As for investing your own RRSP fund into your own business. I would not suggest it. Best to use the bank's money. Yes. You are responsible for the fate of your own money. Take full responsibility for your financial future.
@MoneyMan284 жыл бұрын
Hard to store liquid oil in the house and gold is useless just like rocks, buying a house is the only option
@1MahaDas5 жыл бұрын
Okay, I'm interested! Now what?
@1MahaDas5 жыл бұрын
At the Real Estate Workshop I attended, they spoke about buying 2nd Liens upon foreclosure, but they didn't tell us how to go about buying them or what strategy to use to maximize the profit. Instead, they hyped the product and only offered further training only if we opted for the $31,000 training package!
@AB-sy9tf2 жыл бұрын
lol that’s usually the way….
@TravelGuruTGTV5 жыл бұрын
Thanks for posting this video. Do you have information on how to successfully secure VTB on regular single family homes? I'm really interested in finding VTB deals and then adding legal secondary suites... Thank you in advance.
@realestaterene5 жыл бұрын
VTB are usually only work with investment properties. Single family dwellings can be done but it's very rare. I would suggest to create a off market marketing campaign to find motivated sellers. That's your best bet for the situation you desire.
@TravelGuruTGTV5 жыл бұрын
@@realestaterene Thanks for getting back to me. Do you know of any good sources in Canada to find more information in regards to creating a marketing campaigns and the process of closing single family VTB deals? Thanks again.
@realestaterene5 жыл бұрын
@@TravelGuruTGTV Narrow down onto one market. A buyers market would be ideal. Just knock on doors, drop off yellow letters and put up "we buy home" sign. That's the basics.
@TravelGuruTGTV5 жыл бұрын
@@realestaterene Thank you. That's very helpful. I have narrowed down the market, I'm just trying to refine the process as much as possible to increase the likelihood of being successful. There is an abundance of old bungalows with wide driveways and side entrances that need some TLC and I am hoping to get a few VTB's and then get private funds to add legal accessory suites in the basment and then ideally (re)finance with an A lender. Anyway, thanks again for your help!
@eeltenaj195 жыл бұрын
Thanks Rene, I was just trying to explain RRSP mortgage investing to a friend yesterday. I will keep this link to use in the future.
@watsss5 жыл бұрын
Great video very interesting! Do I need to use Olympia Trust or a similar service? Or is there a way I can do this by creating my own Trust?
@realestaterene5 жыл бұрын
Thank you. Keep it simple. It's best to use a trustee that knows what they are doing. I could not imagine the work involved dealing with the government to create your own trustee enterprise. Call me and I can tell you the simple process to take.