Our first investment in US | 8-unit apartment building 🇺🇸

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  • Опубліковано 27 сер 2024

КОМЕНТАРІ • 123

  • @dearashish100
    @dearashish100 3 місяці тому +1

    You have grown exponentially in just two years. You are very smart and knowledgeable. You are one of the most intelligent and interesting person. Keep it up.

  • @waylonforgue8789
    @waylonforgue8789 Рік тому +25

    I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Bonnie Antelo

    • @waylonforgue8789
      @waylonforgue8789 Рік тому

      You can communicate with her by telegrm with the username below...

    • @waylonforgue8789
      @waylonforgue8789 Рік тому

      INVESTWITHANTELO💯

    • @samanthaprocell3844
      @samanthaprocell3844 Рік тому

      Amazing I also just started trading with her, she is the best at what she does with an initial investment of $1400 I made up to $5230 in just a week of trading with her, his strategies are mind-blowing.

    • @Roselerma
      @Roselerma Рік тому

      Greetings, I’ve seen positive reviews of this woman Belinda Owens for about the fourth time now, I think I’ll have to give it a try.

  • @rajatgoyal1261
    @rajatgoyal1261 Рік тому +4

    This guy is unstoppable

  • @dushyantgupta11
    @dushyantgupta11 Рік тому +2

    Just wow. It’s a live example of BRRRR STRATEGY- buy, rehab, rent , refinance, repeat ❤
    Honestly I see these kind of reels on Insta and you did that and guided us 😍
    Just wow Nav.
    Waiting for more🥰

  • @aakashpednekar6032
    @aakashpednekar6032 Рік тому +1

    Worth watching your video Navjot ! Productive 18 mins. Thanks a lot

  • @dsinghr
    @dsinghr 7 місяців тому

    Like your enthu and energy. Always waiting for your videos.

  • @karanmohindroo14
    @karanmohindroo14 Рік тому +1

    Congratulations on US investment.
    Thanks for sharing it with us.

  • @hakamsingh4679
    @hakamsingh4679 Рік тому +1

    Thanks for Sharing it. It was very informative !

  • @allitm4642
    @allitm4642 Рік тому +2

    Keep up the great work Navjot and Simran 👍🏼🙏

  • @ranvirgrewal8452
    @ranvirgrewal8452 Рік тому +1

    Amazing journey since March 2020... still remember your 1st night in airbnb video.. way to go congratulations 🎊

  • @pavankumar2
    @pavankumar2 Рік тому +1

    Thank you for Sharing and Go ahead with Full force!

  • @moooofff
    @moooofff Рік тому +2

    Sometimes I feel I might be spamming your videos with thank you comments. But I just cannot say it enough.
    For sharing this valuable knowledge and educating us from your experiences, thank you!

    • @growwithnav
      @growwithnav  Рік тому

      Thank you 🙏

    • @aminachauhan3532
      @aminachauhan3532 Рік тому

      @@growwithnav just wanted to know over and above cash flow - the mortgage payment is also adding to your principal so in total actually cash flow should be more as rent is going towards interest and principal component correct? I have started watching your video and i must say being a CA that your finance knowledge is really insightful !

  • @arjungupta3021
    @arjungupta3021 Рік тому +1

    Congratulations 🎉 you are spreading so much knowledge with your content 👍 Thank you

  • @mankymayank
    @mankymayank Рік тому +1

    Good explanation with numbers. Thankyou & Congratulations.

  • @mayurrane5603
    @mayurrane5603 Рік тому

    To the point content. No jazz or beating around the bush. Good work Navjot👏

  • @BaignBaigum
    @BaignBaigum Рік тому +1

    This information is truly amazing!

  • @manojkumar-sz6xv
    @manojkumar-sz6xv Рік тому +1

    If I came to Canada, you will be my coach. Congratulation 😊

  • @rajasharma1523
    @rajasharma1523 Рік тому +1

    Amazing information!
    However, please also include the time where you will be bleeding money that is when your tenants will be out and you will have no revenue but still you will have to pay mortgage payment every month.
    According to the information provided in the video, that will be around $30k ($3k mortgage) considering 10 month holding period.
    Also you may be paying insurance and property taxes.

  • @realestatewithRish
    @realestatewithRish Рік тому +1

    Love your zest to grow! Thanks for sharing:)

  • @user-ni1fy6oo8t
    @user-ni1fy6oo8t Рік тому +1

    Nice brother. Great job. I see you are always very good in
    calculation.

  • @utsavpatel9122
    @utsavpatel9122 Рік тому +1

    Congratulations guys

  • @marvelsandhu4101
    @marvelsandhu4101 Рік тому +1

    This is really great! Thanks!👏🙏

  • @aman0591
    @aman0591 Рік тому +1

    Congrats!!! Great content as well.

  • @aqal5333
    @aqal5333 3 місяці тому

    Great, more of you should move to the US from Canada.

  • @epictetus3406
    @epictetus3406 Рік тому +1

    Thank you for sharing and congratulations! This is a great channel and I hope it grows!
    The 1% rule is not difficult to find in Canada, it is impossible, prices and taxes are too high to make the investment decent, the cash on cash return is very poor when you run the numbers properly.
    My question is - what about taxes? Doesn't canada tax you very aggressively when you have income property in another country? Please answer or do a video about this as I have been looking at the US also. Canada is not friendly to property owners.

  • @karmanbatra
    @karmanbatra 3 місяці тому

    Requesting a 2024 update on this. How is this performing?

  • @Valkyier911
    @Valkyier911 12 днів тому

    Hey Nav…where can I find the mailing list..I see the description field blank…TIA

  • @user-wc5zz6th1r
    @user-wc5zz6th1r 11 місяців тому +1

    You are a citizen of Canada. Which visa is required to buy a house in USA?

  • @IndoCanadianSaga
    @IndoCanadianSaga Рік тому +2

    I have a question. Why did u invest in so many units property when you know there can be vacancy as well instead of maybe one good apartment which guarantees income. Just curious to know coz here the risk is high

    • @growwithnav
      @growwithnav  Рік тому +3

      It’s low risk in fact. It’s unlikely that all 8 units will be vacant at the same time - so we will Cashflow if a couple of units are vacant for a couple of months.
      With single family, if the tenant doesn’t pay or leaves - we got 100% vacancy and guaranteed negative Cashflow.

    • @fern8580
      @fern8580 11 місяців тому

      @indo It is better to be a "real owner" because buying an apartment in a building, puts you at the mercy of general increases which are often higher than the increase in rents.

  • @FredericoLisboa
    @FredericoLisboa Рік тому +5

    Great content keep up the good work. Successful people don't become like that overnight. Most people you see as wealth at a glance, a great career, purpose is the result of hard work and remains over time. I pray that anyone reading this will be successful in life.There are no shortcuts to getting rich but there are smart ways to go about it. Professional,Jeremy Elton Johnson has been my advisor/trader.

    • @iseulhangul3308
      @iseulhangul3308 Рік тому

      not surprised you mentioned JEREMY ELTON JOHNSON she is just so good and her professional strategies are really mind blowing. this is over a year i have been benefiting from her trading services.

    • @georgefrodd5191
      @georgefrodd5191 Рік тому

      professional Jeremy Elton Johnson has been my coach, broker for a long time now and I'm happy with her services I get my weekly profits consistently.

  • @getgoingwithshilpi
    @getgoingwithshilpi Рік тому

    Nav , I am in Toronto with my son. He moved here last year . Wanted to know wether he should buy a house or condo ? And secondly can you guide us ? As rents are too high , isn’t it better to buy a flat? Can we speak to you?

  • @user-wc5zz6th1r
    @user-wc5zz6th1r 10 місяців тому

    You are a Canadian citizen. How did you buy a house in USA in your name? Discuss this too

  • @iftekharzico9536
    @iftekharzico9536 6 місяців тому

    Hi Nav, I love watching your youtube channels.
    Do you or your team help with real estate investing in the USA for Canadians? I am interested in investing in the states.

    • @growwithnav
      @growwithnav  6 місяців тому

      Thank you. I don’t have a team as of now.

  • @akashmehta7599
    @akashmehta7599 4 місяці тому

    So it’s 2024, did u make 3 k in cashflow and did the building value move to 600 k+

    • @growwithnav
      @growwithnav  4 місяці тому

      $2650 Cashflow.
      $625K value. Appraisal pending. Refi completing next month :)

  • @RR-tf8ic
    @RR-tf8ic Рік тому

    Great video. I guess since this is Ohio, you will have a very strict tenant screening process

    • @growwithnav
      @growwithnav  Рік тому

      Yes we do… have an amazing property manager there 👏

  • @ghungroo3850
    @ghungroo3850 Рік тому +1

    You get Peanuts in this amount in the Toronto and Vancouver markets.

  • @user-zt1fq7vc9d
    @user-zt1fq7vc9d 8 місяців тому

    I couldn’t find link to your mailing list, I even tried searching grow with Nav main website, can you please share a link or provide info on how do I go about getting myself added to your mailing list, Thanks for all the guidance!

  • @CynthiaCarolinaTellezBenigno

    I am looking for to invest in window. Do u think eeuu is better under today's market conditions???

  • @shabifb
    @shabifb 11 місяців тому

    Hello simran and navjotji

  • @navjotsingh2457
    @navjotsingh2457 Рік тому

    great

  • @vineetlove80
    @vineetlove80 Рік тому

    Link to Brett channel is not working. Pls fix it . Thanks

  • @permanentvacation3888
    @permanentvacation3888 3 місяці тому

    Was it before or after your us visa cancellation?

  • @Cool_tech.01
    @Cool_tech.01 7 місяців тому

    What about the taxes, won’t you be tax at 30% income on total rent income

  • @iqbalsaini8036
    @iqbalsaini8036 3 місяці тому

    Do you have a property manager to manage this property.?

  • @tarun.rawat7
    @tarun.rawat7 Рік тому

    Navjot, how many times did you visited USA during your process. 🎉

  • @meetramneek
    @meetramneek Рік тому

    Grow in US mailing list link not working, please fix

  • @jyotisaini2169
    @jyotisaini2169 Рік тому

    Hi sir
    Pls answer
    You are a PR holder of Canada than how you buy property in US???
    Regards

  • @gulraizhanif
    @gulraizhanif Рік тому +1

    I understand you are a BiggerPockets graduate..but how can you completely ignore maintenance (5%), capex (10%) and vacancy (8%)...no mattter how much interior decor you do, you are buying a 130 year old property...this 23% provision will eat all your cashflow. Not criticizing your decision but just trying to understand your thought process

    • @growwithnav
      @growwithnav  Рік тому +1

      Not ignoring it - it’s just that these numbers are unclear as of today and will be more clear an year from today when the basic planned Renos and completed and we get a handle on the actual interest rates, ARV and rents.
      Probably another video in a year with actual numbers would make more sense 😀
      For now, we have already budgeted $60,000 for all these until the building stabilizes. Multi- units can be difficult to stabilize at times and numbers can be a bit fuzzy.

    • @gulraizhanif
      @gulraizhanif Рік тому +2

      @@growwithnav numbers are unclear that's why you make provisions :) all the best buddy..i am also a canadian and looking to invest in US...would love to see how your experience is after one year

  • @nirmaldesai
    @nirmaldesai Рік тому

    Why dont you consider to opt for E2 Status for this investment?

    • @growwithnav
      @growwithnav  11 місяців тому

      After Canadian citizenship maybe.

  • @deepindermann
    @deepindermann Рік тому

    Great content sir..quick question
    Does the land also become yours if you are buying the whole building?

  • @TheRaimaxr
    @TheRaimaxr Рік тому

    To be honest it would have been a good decision had it been a single investment in home country or maximum 2 partners, 4 partners that too in foreign land and place like Cleavland I have my doubts.

    • @nishantthaccker1173
      @nishantthaccker1173 8 місяців тому

      Yes - renting these won't be easy plus the tenants he will be getting will be model citizens!..lol

  • @kkjain3336
    @kkjain3336 Рік тому

    Taxation is flat 30% in for non resident in usa i guess then canada will charge 20% plus = 50% income will goes into taxation Right ?

    • @growwithnav
      @growwithnav  Рік тому +1

      That’s 100% true if you don’t know what you are doing 😀

    • @kaala-paani
      @kaala-paani 8 місяців тому

      Give us the tips to avoid those taxes as well

  • @GogoGorkee
    @GogoGorkee Рік тому

    🔥🔥🔥🔥

  • @Laf_Lines
    @Laf_Lines Рік тому

    Congrats. Is this your own investment or is it a joint endeavour?

  • @sammitpotade
    @sammitpotade Рік тому +2

    Congrats but 2024 numbers look inflated

  • @abdullahfahad6388
    @abdullahfahad6388 Рік тому

    Hey would like to know, as a Canadian PR holder or Citizen, what were the legal requirements to invest there? Like did you have to open a company ? Or you could do it as an foreign individual ? What other paperwork? Please , really interested.

    • @growwithnav
      @growwithnav  Рік тому

      Will explain in a separate series

    • @amanpatel3855
      @amanpatel3855 Рік тому

      I am also interested in this information. I was hoping to invest in the USA while living in Canada

  • @victor-ev6np
    @victor-ev6np 9 місяців тому

    How does this investment make sense ? Even with the lower interest rates of USA ? The rental yield is less than 2 % ...is there anything or any hidden benefits I am missing..

    • @growwithnav
      @growwithnav  9 місяців тому

      You get 100% of the money out in 1 year and make the 2% yield on $0 😀
      And you still hold equity in a multi-family home. That’s pretty sweet don’t you think?
      The trick is to find a deal that would require enough remos to make it $0 home in a couple of years.
      The only other investment that would beat this is I investing in my skills and my business.

    • @victor-ev6np
      @victor-ev6np 9 місяців тому

      @@growwithnav okay, thanks Nav.
      I have followed your other channel which guided us in our PR Application.
      We have recieved our ITA, but we are contemplating our final move considering the present situation.
      Thanks again , Keep doing the good work !!

  • @fern8580
    @fern8580 11 місяців тому

    How much the cost Nav for a coaching " Canada real estate invest near the frontier US"?

    • @growwithnav
      @growwithnav  11 місяців тому +1

      It’s costed me $14K to learn for 1 year.

  • @Huzefakhozemasaifee
    @Huzefakhozemasaifee 11 місяців тому

    Canada despirately needs housing right now. It is sad to see investment money going to the US.

  • @sadhvikaagrawal
    @sadhvikaagrawal 11 місяців тому

    How did you find financing in the US?

  • @kkjain3336
    @kkjain3336 Рік тому

    What about taxation in both countries ?

    • @growwithnav
      @growwithnav  Рік тому +1

      That’s a big one - and your structure in US matters… a very long topic of discussion… took me a while to understand it

    • @kkjain3336
      @kkjain3336 Рік тому

      ​​​@@growwithnav plz make a separate video on taxation in both countries / and mortgage

  • @siddharthnair673
    @siddharthnair673 11 місяців тому +1

    haha, i am honestly surprised by how optimistic your projections are. you are buying apartments in a very unsafe nighbourhood (based on US statistics, bedford is in the bottom percentile for security). Stop making stupid assumptions on this. Also, the amount of money you will end up spending on maintenance will outweigh the benefits.

    • @growwithnav
      @growwithnav  11 місяців тому

      This video is old :)
      The rents are now $875 per unit for 6/8 units + storage units. I understand your skepticism- it’s not for everyone and that’s ok 👍

  • @davidceron8660
    @davidceron8660 6 днів тому

    Please let me have the address to follow your progress. Otherwise, I'd think that you're just a guru pretending to be a knowledgeable real estate genius. This way, I could get your ROI and CAP rate. Obviously, I will need the breakdown of income vs. expenses.

  • @ravishankar240
    @ravishankar240 Рік тому

    Great but you have decreased the emi even though you are planning to refinance 🤨

    • @growwithnav
      @growwithnav  Рік тому

      Where? On Refi, the emi increased.

  • @avadhpatel111
    @avadhpatel111 Рік тому

    That's probably Liberia's flag, but not the US! 😢

    • @growwithnav
      @growwithnav  Рік тому

      Liberia has 1 star :)

    • @avadhpatel111
      @avadhpatel111 Рік тому

      @@growwithnav , yes, so does the flag in the caption has 😅😅

    • @growwithnav
      @growwithnav  Рік тому +1

      Hahahaha yes - good catch 😀
      Changed it

    • @avadhpatel111
      @avadhpatel111 Рік тому

      That's my level of focus on every corner of your content. Can't afford to miss a single detail!

  • @alexparx1501
    @alexparx1501 Рік тому

    Having a PR in canada , you can invest in US ? I didn't know this. Do you have any video already done on this, i might have missed. Congratulations!!

    • @growwithnav
      @growwithnav  Рік тому +2

      Thank you :)
      Yes you can. There is a webinar on the channel on US investing.

    • @rohanutep81
      @rohanutep81 Рік тому

      @@growwithnav now apply for Eb 5 US green card through investment