36 Unit Multifamily Real Estate Flip
Вставка
- Опубліковано 9 вер 2024
- Kasey Wong discusses flipping a 36 unit multifamily real estate building and the 3,000,000 in profit he stands to make from selling off the individual units in this building.
Videos Mentioned:
Raising $8,000,000 Capital For Investing - • Multi Family Real Esta...
Millionaire Advice EVERY New Real Estate Investors needs from REITE Club Members - • Millionaire Advice EVE...
If you enjoyed this button - smash the like button and hit subscribe!
------------
Airbnb and House Hacking?
Free Case Study Video and Report: shorttermrenta...
Airbnb rentals are an amazing opportunity for existing (and new) investors to maximize their real estate returns. As well in many regions, airbnb has less scrutiny and regulation than a tradational rental property.
------------
OREC Events:
www.facebook.c...
Courses and Paid Content:
real-estate-ra...
Book a Call with Matt:
real-estate-ra...
------------
You’re going to use Amazon anyways - why not use one of my referral links? (It helps support me and what I do here)
Matt’s Bible: Early Retirement Extreme: amzn.to/2qgFBNK
Other Book Recommendations:
Rich Dad Poor Dad: amzn.to/2uujwL2
The Millionaire Fastlane: amzn.to/2Nmns7H
Walden Pond: amzn.to/2Jsk3le
12 Rules to Life: amzn.to/2NTbyDm
------------
Matt McKeever
Have a question? Best to comment on UA-cam or DM on Insta
Instagram: / mattmckeever85
Twitter: / mattmckeever85
►SUBSCRIBE: / @canadianrealestatecha...
Business Inquires: mattmckeeverbusiness@gmail.com
Coaching: mattmckeevercoaching@gmail.com
Book a Phone Call:
real-estate-ra...
------------
Financial Independence
►My Podcast onfirepodcast.ca/
------------
Real Estate Rat Pack UA-cam
Jeff Wybo: / @jeffwybo
Graham Stephan: / @grahamstephan
Mat Piche: / @thefruitfulinvestor
Hungarian Experiment: / @hungarianexperiment
Real Estate Rat Pack: / @realestateratpack341
------------
Meetups:
REAL (Real Estate Association of London)
/ londonreal
London On FIRE (Financial Independence Retire Early)
/ ldnonfire
ONREIA (Ontario Real Estate Investors Association)
www.facebook.c...
Real Estate Rat Pack and OREC Events
www.facebook.c...
Recorded Events and Courses
real-estate-ra...
GTA: REITE Club
thereiteclub.com/
------------
FIREpreneur: A person who has reached (lean) FIRE and uses this freedom as a springboard to operate a business or organization, taking on no significant risk (due to lean FIRE).
------------
Matt McKeever is a CPA, CA and Real Estate Entrepreneur in London, Ontario. On this UA-cam Channel Matt discusses a variety or real estate and personal finance strategies and tactics. Including: How to BRRRR Real Estate, The Importance of Investing for Cash Flow, How to Reach Financial Independence Retire Early, Safe Withdrawal Rates, Frugality and Reducing Personal Consumption & Embracing Minimalism.
Matt began investing in real estate at age 25 by purchasing a student rental near Fanshawe College.
How raw, real and authentic is this video?!!?!
No filters, no bullshit, no producer.....
Didn’t know he bought this building! I’ve showed it a few times.
Haha - really? That's funny - RE is such a small world!
I love his frugal approach and mentality of life! #wealthbuilding
Kasey Wong still owes me and my roommate's key deposits from last year, it's already been 10 months. I've heard about similar situations from multiple students who have lived in his property. Please consider how reliable/ethical this guy is. Kasey, if you see my comment, please give me my key deposit back, I have reached out to you multiple times throughout the year...
How much is a room key deposit?
@@raczyk seriously
Just curious, did you get your deposit back now?
WOW! Flipping Buildings!
Thanks for the great info Kasey & Matt!
Thanks HE!
Buy good strategic units. Hold them, wait for advertise them by words and show how good the place is.
Thanks for watching! Have you started investing in real estate?
Fantastic Video. Thanks for the perspective sharing guys!
Ok but... buy and hold. Why?
Love this guy!
Lots of jems of knowledge.
I'm not sure I understand - are you asking why not just buy and hold it or?
@@CanadianRealEstateChannel yes
I think the most profitable approach on this deal was flip it. It wouldn’t have been as Cashflow positive as his other properties
@@CanadianRealEstateChannel thank you.
The REAL DEAL ..no sugar coating ..TY for the jewels
Glad you got value!
Chloe is amazing
How raw, real and authentic is this video eh?!!?!
No filters, no bullshit, no producer.....
Dropping knowledge like always!
Kasey is such an amazing lad!
🐐
Nice, I'm excited to get my next Multi-unit property.
Where do you currently invest?
@@CanadianRealEstateChannel Bay Area, I'm doing youtube videos on some of them.
13m for 36 apartments that's around $350k per apartment.
Lots of gold nuggets in this video! Thanks Matt & Kasey.
Glad you enjoyed it!
Kasey knows his Proh- ject
How many times did he switch keys haha, good stuff.
You say the property can not cash flow.. is it Bc the price per unit is just too high?? Just doing some math seems like at $1800/month you really should aim to get property under $150k per unit (new build probably be around 80-100k unit)...? I don’t have any training in this though just a lot of interest lately.. almost got enough cash to get into multi unit
Nice! He really gave some good tips.
Glad to hear you got value! Are you currently investing in real estate?
Matt McKeever not yet, just always seeking knowledge and weighing my options
Great video!! More please.. :)
Amazing. Love listening to his deals. Gives me great ideas
What are the signs that the building has inherent value? How did he know it was a good buy?
At what point can you flip a multifamily building after purchase and renovation? Is there seasoning required?
Is Kasey Wong basement rental a legal apartment? Would if be foolish to rent a not legal basement apartment? Matt could you do an episode on basement rentals?
I don't understand how the furniture company benefits by staging a house? Is there price tags on the furniture or something?
Kind of, yes. If you've ever been to a 'dream home' that's staged they have signs or business cards for the businesses that provide the furniture on the furniature. Like 'this room decorated by The Brick' for example, so if someone likes the room, they purchase the furniature from The Brick.
@@jessicaburroughs5763 I c. But as Kasey puts it seems as though anyone selling a regular family home or condo can get it staged for free via a local furniture store. You think that's the case, or it's only for dream homes, or much larger projects such as Kaseys? Where more people will walk through that one staged room? It's not like all his units are staged.
@@raczyk problems or profits
@@jessicaburroughs5763 no idea what u mean by that.
@@raczyk it means you can see obstacles or solutions. I think even a single family home could be staged for free if you put your mind to it.
so what happened?
I might have missed it but did he do any value adding ? Why wouldn’t the original company sell for the 13m?
Great question! I believe they were being rented, so he’s slowly sold off units as they became vacant. Existing owner wanted to move onto other projects and liquidate position immediately
Be detailed oriented.
@matt mckeever ... where’s Kasey? It’s been months
How's Kasey doing with the units now? Did he manage to flip them all?
They say to this day he’s still trying to find the right key
Hahahahaha
Amazing!
I wish I was smart like him.
How much did he get in profit?
I believe he mentions in the video - approx 3mil
Matt McKeever i didnt exactly understand, did he earn because of the renovations, or the time he waited to sell again?
qadeer fazale I think in the video he said he waited
bigmac22ify so he didnt do any renovations?
Did Kasey buy the building condominized or did he get that done after the purchase?
What is this "ghost" ad about? It one you don't reply to it even real?
Geez, is Canada always cold? It's July, and you guys are wearing jackets and coats. I couldn't make it up North.
First!
Thanks for watching!
great video, always like the content and Kasey's knowledge.
but you could've kindly moved away from the child for 10minutes.
was hard to get through all that screaming.
still getting my like tho' :)
Want to learn how to find JV partners or raise capital for your budding real estate empire? Check out our upcoming Mastermind Event in TORONTO! : www.eventbrite.ca/e/raising-capital-and-leveraging-other-peoples-money-tickets-61513602842
LONDON DEALS: www.eventbrite.ca/e/wybo-limo-tour-off-market-investment-properties-tickets-64196452317
Matt, I'd love to attend except that I am scheduled for work around that time. Hurts so much