I SOLD My First Duplex at a 400% ROI - (Breakdown)

[@GriffinMilks]

Not my typical type of content related to the stock market, but let me know if this type of real estate content is of interest to you!

[@moresugartradercc2744]

not my cup of tea but i encourage people that show a interest in this to pursue it because i have seen lots of people get rich doing this

[@moresugartradercc2744]

i like dividend stocks but i like to hear about other investments too so feel free to speak about what ever is on your mind

[@nerosmoove9556]

Yes straight up!

[@abdulnasser238]

Yes! Keep adding videos like this 👍🏽

[@GriffinMilks]

Will do!

[@GrowYourWealth101]

A river cuts through a rock not because of its power but it's persistence! Who else loves Griffins content? 👇

[@canadianinvestor5682]

I love the real estate content! Keep it coming

[@GriffinMilks]

Good to know! Thanks.

[@gordonc8930]

Thank you for being so thorough in your video especially this one! and I'm so glad I found your channel, being a quebec resident, we don't have much of financial youtuber here! Keep up the good works! I would love to see more real estate content!!

[@MrChuckyGamer]

i just turned turned 18 and have been interested in real estate for a while now. i currently live in the mont bleu area but after watching this video i started looking at duplexes and foreclosed properties around the vieux hull. im hoping to get somewhat as good of a find as you did so thank you for all the very useful information and i'm glad i finally found someone who talks about canadian real estate lol

[@nolanpeck7755]

Extremely insightful, always thought of getting into real estate investing but was unsure of all of the added costs. I love the transparency you're giving. Real estate in Aylmer/Hull is booming, you made a good call to cash out. 35.7% property value appreciation in ~10 months is unreal. I'm very interested in hearing about the quadplex as well. Also, I'd love to hear about the challenges of being a landlord and other considerations such as your policy for rent collection, tenant selection, etc. Maybe you have already covered this in other videos and I just missed it but I'm curious as to what you think about it. Glad to see you putting AY on the map!

[@GriffinMilks]

It's definitely a crazy market right now, and more difficult than ever to find a great deal. With that said, it's still possible. That's why it's taken almost 6 months of running deals all the time to finally find a quadplex of interest to me. I'll make a video for sure on it and try to include a minute or two to speak about challenges as a landlord. AY represent haha!

[@solaron99]

awesome detail & transparency, thanks for sharing!

[@jasonstupak4535]

Congrats Griffin! Well done.

[@RyanThomasWoods]

I love your real estate videos and your transparency! Truly helps me as I diversify my investments over the next few years! Thanks man! Looking forward to videos on your next property!

[@timi.7698]

Yes! Please continue to upload real estate videos! Really helpful!

[@GriffinMilks]

More to come Tim!

[@nevermindyou]

Nice ROI, good job. I also invest in rental properties. I usually just refinance and pull out the equity to avoid paying capital gains. I roll that into a new property and keep all of my properties for cashflow. Is there a reason you chose to sell instead of refinance?

[@Medodo]

Griffin you amaze me! You're brilliant, eloquent, and young! Your parents must be so proud. I can only hope my kids grow up like you. Keep it up!

[@mickealcavanagh]

Yes for sure do the 4plex video ! Great vid!

[@danielcordero8934]

Great video! I’m looking into investing in a duplex in Hull and this kind of videos give me clarity and a lot of knowledge about making that jump. Keep them coming 🔥

[@GriffinMilks]

This video couldn’t have been more targeted for you then! Good luck with it :)

[@conormcclorey6883]

I love this video! My buddy and I are getting into real estate very soon, and this helps with alot of questions that we have. So please keep them coming! 🤙🏻

[@GriffinMilks]

Awesome! For sure

[@Finn-Duggan]

Love the stock talk but also love the real estate as well. This was incredibly informative, transparent and also motivating. Hoping to buy my own rental property someday. I'm a broke 20 year old student currently but ya know, down the line.

[@belurharish]

Thanks Griffin for this video. This gives lot of insight on the real estate. Keep making such videos.

[@GriffinMilks]

Thanks, will do!

[@jagparhar260]

Your a very smart young fellow. I will try to get my kids to watch this video. Very easy to follow and everything explained in a simple way. Thank you.

[@GriffinMilks]

Thank you! Gotta start them young 👍🏻

[@Faraz4upk]

Loved it, thanks for transparency & inspiration

[@AL-oz2pr]

Great video and well done on the outstanding ROI! 2 questions: 1. How did you negotiate raising the rent after forced appreciation of the building? Did the tenants not have fixed rental agreements? 2. How did you renovate the interior with existing tenants there? Did they move out temporarily or did you just renovate ‘around them’?

[@GriffinMilks]

Renovated around them. And they were on month to month terms

[@AL-oz2pr]

Ok, thanks 👍

[@doressa_mux]

Tremendously insightful. You've just got a new subscriber from Ottawa. Can't wait on the follow up video on how the mortgage porting was administered.

[@gregfarlane148]

This is fantastic work Griffin! You really inspire me

[@GriffinMilks]

Very achievable!

[@huannguyen6731]

Great video man, keep it up! Congrats on the big ROI. I have been watching your videos for few months now. Love the informative and transparency contents. I invested in stock for a while and have been thinking of investing in real estate (property income). Glad you provide breakdown details around your investment. I didnt know you are in the Ottawa/Gatineau area. I just recently moved to Ottawa for a job, bought a house at the same time in Kanata, near the Tanger Outlet. Bought it last year, so I got a solid deal. Housing price has gone skyrocket since, after the pandemic hit. Stock or real estate, keep the content coming!

[@GriffinMilks]

If you're already in Ottawa, consider investing on the Gatineau side then!

[@theprovincial]

Congrats my man!

[@GriffinMilks]

Thank you

[@mariearnelliecaringal5088]

Merci beaucoup. I am so happy to find your channel. More power.

[@GriffinMilks]

Many more to come!

[@hakimbeddiari5375]

Good job man , keep it up , real estate is an amazing tool to build wealth

[@GriffinMilks]

Agreed!

[@korirsammy9943]

Awesome! I'm waiting for your next video. Include mortgage porting

[@GriffinMilks]

Sounds good!

[@mayalabey9306]

I am actually very interested in your video on the Quadruplex ! Looking forward to it 👀👍🏼

[@GriffinMilks]

Great!

[@NicksTaxes]

Way to go! Not sure if I missed it but where was your duplex located?

[@christians4618]

This is amazing content Griff! Really motivating to see you succeed as a new real estate investor. It’s a process I’m trying to begin. Keep it up

[@GriffinMilks]

Keep learning and you'll be there soon!

[@ROhCanada]

Great content . Cheers from Ottawa.

[@ROhCanada]

Hi Milks, When will you upload fourplex video ? I’m waiting 😀. Thinking of buying a home in Gatineau as well bb

[@GriffinMilks]

Aiming for this weekend! Stay tuned :)

[@azrabibic1174]

You are a young brilliant man! Can you speak in your video on how do you calculate if the property is worth to invest in and where do you usually find them? Also, what's the bank that you deal with for your mortgage? Merci, merci 😊 I would love your videos in French as there isn't many.

[@GriffinMilks]

Malheureusement je ne vais pas poster mes vidéos en français puisque mon audience est principalement anglaise. :/ Mais pour les deals, Centris.ca cest le MLS et sinon consulte avec un bon agent d'immeuble. Pour déterminer si une deal est bonne ou non, je pourrais possiblement faire une vidéo dans le future.

[@joshstewart5491]

Wow, awesome breakdown man! Good job

[@GriffinMilks]

👍🏻

[@frankauger6902]

Wow congrats Griff !!

[@GriffinMilks]

Thanks Frank!

[@WaysToWealth]

That's awesome man!! If only capital gains tax wasn't so high. Did not realize how cheap real estate is in Ottawa. Currently revamping my rental property in the GTA.

[@GriffinMilks]

To be fair, in Ottawa it’s WAY more expensive.

[@WaysToWealth]

Yes for sure, meant more Greater Ottawa Area. I wish man.

[@tonyzhangcc1431]

Griffin, really well done! If I were you, I would pay higher down payment (20%) and thus would not buy no insurance!

[@GriffinMilks]

Opportunity cost though! Saving up 60k may have taken the extra year or so!

[@davelamb3303]

Nice ROI, thanks Griffin for the transparency as always, I can 't wait to see the 4-plex. Cheers!

[@frozenflame900]

Been wanting a video like this, thanks 💯

[@GriffinMilks]

Excellent, glad you enjoyed it!

[@SamThackray]

Really like the real estate videos! Can't wait for the next one. I'll continue to save up for that 100k 5% down payment here in Vancouver lol.

[@GriffinMilks]

Invest with a partner then Sam

[@lastnamefirst650]

Great video. You earned my sub 👍

[@found_theplace]

I can't wait to see the quadplex vid!

[@GriffinMilks]

Hopefully sooner than later!

[@TobiDerin]

I love RE content! Thanks

[@GriffinMilks]

Good to know Tobi!

[@alisinah6292]

waoo, one of the best videos, ur top of the tops man. very intelligent and very interesting video, thnk u

[@GriffinMilks]

Glad you enjoyed it :)

[@nathand.m.5917]

Very insightful, thanks!

[@GriffinMilks]

Pleasure!

[@tom024819]

Great video! love the real estate content! Did you have tenants when you purchase the property and did you have to evict them since you had to move in one unit and renovate both unit

[@tabysart]

GREAT video! I’ve been looking to enter the real estate market and for 180k I could totally do it. HOWEVER, my market is Vancouver which is astronomically expensive!! I can’t afford it. But I know some people simply travel to cheaper areas, but for me it seems like more difficulty than it’s worth. Some people partner up with local investors.... which do you think is best? Maybe an idea for a video? 🤔 You’re my Canadian Meet Kevin lol

[@TheBabaYagas]

Your content is spot on. Great work Griffin' fellow Canadian here. Your job is to keep putting out great content that helps others, my job is to hit the like and subscribe to help you do your job :). Keep it up.

[@gregfarlane148]

Yes!

[@angelzidane20]

Really interested in buying and selling property! My husband is a contractor so renovation is not an issue. The bigger problem is: we live close to Toronto xD Goodluck to us finding a property below 500k -_-

[@GriffinMilks]

Yea GTA is expensive!

[@mikeb5030]

Best chance you can get below 500 are condo units.

[@streetwearhoncho6464]

Fantastic breakdown Griffinn!

[@GriffinMilks]

Hey thank you!

[@cookshackcuisinista]

Good job young man! You are inspiring!

[@GriffinMilks]

Thanks Anita! Have a nice rest of your week

[@danielcordero8934]

Hi Griffin, real quick question here. How were you able to put 5% down payment for your first duplex and then another 5% down payment for your second one? Maybe I’m missing something 🤷‍♂️? Thanks

[@GarethBushMusic]

What are your thoughts on buying an investment property somewhere far away? For example, a Torontonian buying in the Ottawa region. Tricky because property management eats up the majority of the profit.

[@gateslattes4686]

Congrats! Can’t wait when I sell and cash in.

[@GriffinMilks]

Nice!

[@chalchitra123]

Great video thanks for sharing . Any reason why you decided to sell cash flow positive property in this low interest , suburb seeking environment. Especially this is not a pentup demand property like GTA condos. May be you mentioned you buying another property but I may have missed

[@CanadianRealEstateChannel]

Great video 🚀

[@GriffinMilks]

Thanks Matt! Appreciate your guidance

[@shelz1215]

Amazing clear info thank you very much so much value

[@GriffinMilks]

Thank you! Glad to hear that.

[@lwong27]

Great content! Have you considered purchasing a pre-construction condo? I'm interested to hear your thoughts on how the returns would look like compared to a multiplex on a 4-5 year investment horizon!

[@ntr6450]

You mentioned you did the repairs and remodeling... did you do them yourself or did you already know someone who could take care of it at a reasonable price?

[@GriffinMilks]

Did it all myself

[@ntr6450]

Griffin Milks how did you learn how to do all of the repairs and remodeling?

[@Wongoo]

I like the video Griffin and would want to see the Quadplex

[@GriffinMilks]

Sounds good! Coming as soon as it's closed. Thanks for stopping by!

[@alicezilberbergartist]

Hey Griffin, do you have a book you can recommend to read about real estate? (Maybe just one or two) Thanks in advance.

[@GriffinMilks]

Real estate retirement plan is great for beginners!

[@alicezilberbergartist]

@@GriffinMilks Thank you I will read :)

[@X36hypnotizeX36hypnotize-nb6of]

Please do a video about taxes on day trading swing trading and long-term trading a tsfa account in Canada that would be amazing. Great channel btw I watch all of it 💪👍

[@PerkinsFootball]

Question, since you payed 5% down didn’t you have to live in there for a year ? How were you able to rent out both units

[@Suds1407]

Been waiting for this video for a while thank you!!

[@GriffinMilks]

What did you think?

[@Suds1407]

Griffin Milks very informative and you got a crazy return for only a year, congrats!

[@matthewr9497]

Great content man

[@GriffinMilks]

Thanks Matt, glad to hear you like the video today. Have a nice one

[@lila-qz6fz]

How you were able to raise rents from $600 something to $800. I assume this was for the same tenants, where in Quebec annual rent increases are controlled by Regie du Logement and usually the increase will not exceed 5%.

[@GriffinMilks]

Technicalities in the tenants current leases. You're right that this isn't usually achievable

[@Javi21592]

Why amortize PMI if you can pay up to 20% in the first few years and then have it removed?

[@chengu832]

Congrats Griffin!! I was wondering, if you hold a property for less than a year, isn't it considered business income ?

[@nastyya19858]

Griffin how did you save up for your first investment property?

[@GriffinMilks]

Years of working jobs and saving as much as possible. Not spending money on things that didn't directly contribute to that goal

[@carloslinan88]

Congratulations Griffin. Unfortunately this cannot be done easily in a city like Toronto...your 5% down would have to be 3-4x the $ you put in this property 😂

[@GriffinMilks]

Definitely much harder to get starter. Imagine with 20% down 😯

[@miname262]

Important question for you. I’m starting to get into investing. I put some money into wealthsimple but I’m currently not sure where to go. Should I be going the ETF route? Or should I go the dividend/individual stock route because we’re in a recession?

[@evannvandenberg]

9:59 Did you evict the currents tenants before renovating? If so, did they choose to come back after?

[@GriffinMilks]

No, renovated while they were there.

[@Denny.M2468]

I have a question, since it is been a year and property value is up, why not refinance and use that money to purchase the 4plex instead of paying the capital gains? Thx.

[@GriffinMilks]

Since there was only 5% down on the property, I would have had to leave 20% of the new value in the property upon refinancing this deal, leaving almost no mea ton the board afterwards.

[@jun9098]

Hi. Which year was it built in?

[@GriffinMilks]

60s if I recall

[@jun9098]

@@GriffinMilks thank you

[@Cabiofampos]

Did you live in any of the units for any period of time? If not, how did you get the 5% down payment?

[@GriffinMilks]

Yea was planning on it and then something came up so had to quickly change course and rent it out.

[@jeevanbasra335]

Hey griffin, I've been subscribed for a while, great videos. I was wondering what camera you use to film 🎥 please get back to me

[@GriffinMilks]

I use a Sony a6400. I 100% recommend it

[@jeevanbasra335]

@@GriffinMilks thanks bro you're the man, what lens do you recommend for shooting fitness videos

[@sammt9825]

I feel like I live in a parallel world! Just my basement flooring material cost me 2500$! How did u do all that work for 2500$!! Why are the houses so cheap there! I can’t find a duplex below 1.6 million in GTA

[@tuvo4305]

because "GTA", lots of my friends from the GTA are considering moving to Ottawa since this pandemic changed the way we work

[@GriffinMilks]

to be fair, the Ottawa side is also ridiculous though. People are still afraid of Quebec, but that's changing rapidly. For the flooring, keep in mind it was small units, and I waited for a 60% off sale

[@1bizkid]

which markets in Quebec do you find the most attractive?

[@GriffinMilks]

Gatineau!

[@SBR0008]

Griffin where do you live ??

[@GriffinMilks]

Gatineau

[@davids4767]

Nice

[@GriffinMilks]

Thanks

[@CryptidKeeperTCG]

Tenants are scum... will NEVER ever buy a rental property. I’d rather invest in REITs

[@GriffinMilks]

I've been a tenant numerous times and I don't consider myself to be scum :(

[@CryptidKeeperTCG]

Griffin Milks I’ve been a tenant too before purchasing my first home. Wife is in real estate law, people are buying homes and tenants won’t leave and no one can kick them out thx to COVID. For investors, the law is NOT on your side. You’ve been warned

[@mikelorenzo9018]

First!

[@GriffinMilks]

Let's go!

[@chilledpig7265]

stop with ur lies man.

[@GriffinMilks]

No lies here!