Oooo this video is going to be very useful. This is one of the hardest parts about real estate investing! Finding people that do good work for a reasonable rate, and that you trust.
Biggest bomb is scheduling contractors to visit site at the same time. This is how it works in Industrial construction and the owners get the most efficient bids. One thing to add to Kasey's advice is to make sure when you do this, have a solid scope of work package defined with all of your expectations for the project especially deadlines! If you expect the contractor to fill nail holes in trim before they paint...YES put it in the bid documents. I promise you will find your contractor if you follow this method on a couple of projects! I have a lot of experience with this on both sides!
I was already a subscriber of yours but recently watched some of your vids with Kasey and I've kinda been binge watching them. Please keep them coming. Really appreciate the knowledge he's sharing.
I lived on Linwood in Galt as a kid. I live in Oshawa now so it's a strange/cool thing to circle back in a way to my roots. Kasey is amazing. Thanks for sharing with us Kasey. Very inspiring.
Thank you for the continued wisdom Kasey and Matt! I think you guys are putting the best, down to earth, actually informative real-estate videos out there don't change! I take so much away from every video. :)
What's a good strategy when your just starting out and don't have any reserves and not as familiar with prices on everything? Raise more money and just live with diluting your returns in the beginning? Get cash back?
Even though his investing is so far out of reach than mine right now, his principles are so goddamn good that i can relate it to my business and make it sucessful, thanks matt and Kasey so much.
How many hours does the Super work per week/month? what type of work do they do? how are their hours regulated? great content, Kasey needs his own channel, im likely beating a dead horse here, probably said many times over. Its his shrewdness/knowledge, his passion, and most important the genuineness and honesty of his character is whats makes him a Realty-Rock-Star. Audience obviously intuitively recognizes this. Hes aware, but read this off to him anyways, :) nice to be reminded.
Love the videos, you can tell Kasey really knows and enjoys what he does. Wondering if you or Kasey can speak to whether he owns his properties through a vehicle such as a corporation or whether he owns them personally and the pros and cons of either way.
@@CanadianRealEstateChannel I misread your response. I can think of a lot of compelling reasons to own the properties within a corporation. Does finding lenders become an issue with a corp or does he get around that with personal guarantees?
Great information! I’d love to know more about how Kasey hires his site supervisors. Does he give them a cut on rent in addition to an hourly wage? What are their work duties? I’m closing on a 12 unit building similar to some of his other smaller buildings. Great video again!!
Hey Kacey could you do a video on your first multi family and the process of buying and your thoughts during the process and the first year or two managing..
When hiring a super for your building, do you let them know youre the owner or do you say youre a property manager or just someone that reports directly under the owner or something?
What would Kasey recommend as a solution for a contractor who bid on a job, but an “unexpected expense” came up due to a new requirement by the city, costing a significant amount more money. Do we eat the cost? Or play hard ball and insist he does, and risk having to find another contractor to finish his job? Love these Kasey videos. Please keep them coming.
So like Kasey mentioned about having all contractors attend the project at the same time but ... be well prepared with a total scope of work that you want done. And have that scope of work printed out with timelines and exact finishes that you expect, you can even detail the paint specs that you want. Print out enough bid packages for each contractor who shows up and hand it to them before the walk through. This is so effective in creating a perception of professionalism and seriousness with the contractors letting the know basically you don't $#^% around. In the bid package that you create mention what you consider whould justify a change order from your contractor for unforeseen work. I.E. wiring was expected to be updated, found to be tied into knob and tube, needs new wiring... this is a legitimate change in scope of work and you have 2 options, 1. Have a new bid for the electrical portion of the job with all contractors 2. Ask the contractor you chose to give you a firm price bid on completing the job with this extra work. Again make sure to document time and schedule.! If you have more questions I'd love to help! I could fill the entire comment space with stories haha
Nick DelConte appreciate the prompt response. SOW is a Great recommendations I will incorporate next time, but I’m in this situation now and not sure whether or not to eat the cost lol
@@anthonyortiz1359 it really comes down to honesty and what you had asked the contractor to do for you when they started the work. If it's not something that the contractor caused to happen due to poor judgment or workmanship, I don't see how you can expect them to "eat" costs that are no fault of their own? Unfortunately details are so important in these situations, can you elaborate on the situation or would you like to msg me privately? I'll do my best to help you through it! Just don't shoot the messenger if it's not the answer you are hoping for haha sometimes we just have to bite the bullet and get things done in order to get the income flowing....
Matt love the Kasey videos!!! One other question Matt to be a successful real estate agent when just starting out would you recommend going all in full time or still have a job to have income as well and work part time until i make enough for full time? Thank you Matt keep this content coming!!
Would like to hear Matt's thoughts on this as well. I am staying full time until I am able to build my portfolio to a reasonable size. Also, I will need income to get approved from A lenders for my own investment properties. When i build a solid trackrecord that's when I will start considering JVs. But again, I want to hear what some more experienced investors think about this
The more you borrow/raise the less the cash on cash return is. Ie if you can make 200k borrowing 200k it’s a higher % return than making 200k borrowing 400k
Yeah basically fixing the front foyer will cost 50k. But the 50k does not generate any extra rent or income. So if Kasey is borrowing 50k extra to fix the foyer, the returns would "dilute" (in this case, rent is the same and the capital raised/invested has increased, thus overall cash on cash return drops)
Next one you should ask how does he justify how much to pay the super and how often should they work as in 5 days a week or 7 and how many hours a day they should be working and how many units do you need to even have a super
Matt McKeever next time if you can ask him if he had to redo everything he did in his whole real-estate career again how long would it take him to get where he is today , now that he is so knowledgeable
Great info matt ask kasey if he can answer whats the process of finding these gems how does he know that it will bring this amount of dollars and where he gets his funding how much down he pays
Amol Singh I would follow them on Instagram they have live-streams where you can ask individual questions as someone starting out I find these particularly useful
@@mark31383 One little bit of advice... don't get trapped in researching for to long! Make a goal to invest on sound principles and set a date to do it by! I wasted 5 years of "researching" but really I was procrastinating... if I had acted sooner just based on 5 years of principal pay down my Net Worth would be double!
Thank you for the awesome content Matt, although I'm starting to invest these tips that you and Casey have put on this youtube channel have been invaluable!!!!
I have 40 years in the trades (6 tickets-plumbing gas fitting steam fitting electrical welding) still amazes me that investors get burned by unscrupulous contractors. I should teach a course or something, save investors from themselves.
I think he was saying painting is a relatively easy job and not as important as the other big ticket item. You don't necessarily need a professional painter, many contractors have sufficient painting experience and will charge at a lower rate than professional painters. But would like to hear others thoughts on this
I’m a contractor 👷🏻♂️ first year. I specialize in framing but have a lot of good connects with every other trade. Located in Toronto, willing to give you my number if you or anyone you know needs someone.
Pavao carpentry.... can provide reference pictures of work I’ve done and clients who would back me like I was their family 6479961649 please contact me for anything you need
If you can't find a candidate for a Chronicles of a Hamilton Slumlord series, maybe I'll bite the bullet and you can follow me around if I can wear a ski mask from dollarama and you can disguise my voice like how they do on Drugs Inc. I'm no where near as bad as some landlords though. I just do my own fixes and sometimes things might look a little more ghettoer than they appear. And we can see how can pick up the most empty beer bottles.
@@bigpappanick1 but are you slummin' it out? Edit: I found you on facebook. You're a carpenter and a respectable looking guy. No way you're slummin' like how I'm slummin. Come back when you haven't had a haircut in 4 months, have no building or renovation skills and fix everything with PL Premium, caulking or mixing up a lil' of that ol hydraulic cement that you keep in the trunk of your mid sized sedan all the time. Maybe at that point I can teach you how to make HVAC connections with nothing but tape.. I'm 33, no way I'm hitting freedom 35 paying expensive contractors.. I'm just going to keep going around with that foil tape!
@@bigpappanick1 What happened was the barber raised the price twice in 6 months. I usually go in with exact change including tip. So after the second price increase I was embarrassed and haven't been back. I have a 5 piece makita set and my circular saw has never been used. Too chicken shit. Just look for the house with the most beat up concrete front steps that I patch every year after winter. I have an 82 year old guy next door who's a legit paesan who comes in when I need a second set of eyes on things lol. I've had this one place for 7 years.. I swear the bathtub has only been cleaned between tenants by me.. So what the hell is the point sometimes.. they don't clean, they bring in all their pets.. A little PL Premium here and there has never hurt nobody lol.
5'2 damn. I am 6'3 and always sad not 6'5 or 6'6. Kasey has great real estate business and finance skills but I guess life always a trade off in something.
if you want to keep a contractor don't listen to this guy. He's the type of guy you let confuse his equity for intelligence. I'll have a $ # in my head I want to make off him and when I hit that I'll tell him to bounce.
@@CanadianRealEstateChannel It says I have low tolerance for assholes like him who think contractors haven't been dealing with guys like Casey since the dawn of time.
No 'hoarding' here. He's buying properties just like you could, fixing them up, providing great living for a great price. This is an actual business that you can do yourself as well but it takes a lot of time and risk!
The information is great but the lip smacking at the beginning was extremely annoying and detracts from pleasurable listening. Tip: drink more water if you're dehydrated.
who wants more Kasey?!?
comment 'We Love Kasey' for more videos!
We L❤️VE KASEY!!!
More
More
More forsure
WE LOVE KASEY!
Kasey is the true definition of The Millionaire Next Door!
💯 he is
& The Wealthy Barber & Rich Dad
A book I still need to read!
Austin Y I've read both of those books but still need to check out millionaire next door!
Are You Entertained? Definitely
Every time you drop a video with him I got my notebook out taking notes.
Haha love it - if you’re seriously doing this email me at matt.fieh@gmail.com I want to chat
that's AWESOME! Get that free #KNOWLEDGE
I do the same! So much good info and so relevant.
Definitely, Kasey always dropping gems.
S.M.A.R.T. 🚀👌
Oooo this video is going to be very useful. This is one of the hardest parts about real estate investing! Finding people that do good work for a reasonable rate, and that you trust.
Thanks Kellan! Kasey drops major knawledge bombs 💥
Love Kasey's approach to having a bidding war with quotes & obtaining relevant knowledge each quote to sound smarter
Biggest bomb is scheduling contractors to visit site at the same time. This is how it works in Industrial construction and the owners get the most efficient bids. One thing to add to Kasey's advice is to make sure when you do this, have a solid scope of work package defined with all of your expectations for the project especially deadlines! If you expect the contractor to fill nail holes in trim before they paint...YES put it in the bid documents. I promise you will find your contractor if you follow this method on a couple of projects! I have a lot of experience with this on both sides!
Coming from a country school, all my buddies are getting into the construction trades which is perfect haha!
Kellan P. Trustworthy people are hard to find.
I could listen to Kasey talk real estate all day!
💯
Forsure- it'll be 24/7 knowledge- no filler
Kasey would want you to go and apply the knowledge!!!
Nick DelConte very true
Joshua Kimber SAME
We need more videos from Kasey! He talks so professionally and always gives great advice to future investors.
Kasey is top notch 👌
Agreed! He's extremely transparent and is very open to giving his tips/tricks out. Love it!
Maybe a day tour with Kasey!?
I understand him so well
Amol Singh Well is is a professional if anything the professional
Matt, you should make this a running (weekly?) series with Kasey. All of these videos are GOLD. Also love that they are all pretty long videos
Yeah! And these long videos have no filler too. Gold throughout
It's killing me how long they are! I CAN'T GET ANYTHING DONE ANYMORE!!!! haha but don't stop!
Yeah. Real useful info for the whole 17 minutes. Could get any better than that
Couldn't
afrotec I WISH
Dude is such a G. Alot of mentor material from Kasey. Taking notes :)
From his voice, I can hear his tough time dealing with contractors and feel his confidence in overcoming difficulties. Thanks for the video.
Thanks for the support! Are you currently investing in real estate - if soon what market?
I 100% agree with you
@@CanadianRealEstateChannel I'm just a fresh college graduate planning to buy a house in the Ottawa area. Thank you for your response.
Kasey is on fire man, such awesome content, thank you, Kasey & Matt, for continuing these videos!
Thanks Jeremy!
Agreed! Looking forward to future videos with Kasey :)
It's almost like, how can there be any more knowledge..... next video .... bam!💣💥🚀🔥🤯📈💰
I could listen to Kasey all day tbh
Jeremy Daly have you checked it there podcast? It’s literally called Onfire
I was already a subscriber of yours but recently watched some of your vids with Kasey and I've kinda been binge watching them. Please keep them coming. Really appreciate the knowledge he's sharing.
Kasey is amazing! Love everything he’s shared with us so far - wealth of knowledge! What real estate market are you investing in?
@@CanadianRealEstateChannel I'm located in Louisiana.
Love every single video that Kasey is in! So much golden info packed into such a short amount of time
Kasey is the best!
*crowd chants*
"Ka-sey!"
"Ka-sey!
"Ka-sey!"
Kasey is the man!
Great advice, thank you.
Thanks for the support!
KA- SEY, KA-SEY, KA-SEY!!!!
Blunt, honest and super useful advice from a dude with 170 units. what more can you ask for in a video?!
Hahahaha "Are you not entertained!!?" 💣💥🤣💰
He needs to start a channel haha
Angel P KA-SEY
Thank You Kasey and Thank You guys for sharing all these great content. They're all gems!!!
Keep up the great work!
Kasey you need your own channel my friend, I could watch you all day!!!
Yes please. That channel would blow up
Get it!!!
Very true
nordette I know right
I lived on Linwood in Galt as a kid. I live in Oshawa now so it's a strange/cool thing to circle back in a way to my roots.
Kasey is amazing. Thanks for sharing with us Kasey. Very inspiring.
Thank you for the continued wisdom Kasey and Matt! I think you guys are putting the best, down to earth, actually informative real-estate videos out there don't change! I take so much away from every video. :)
What's a good strategy when your just starting out and don't have any reserves and not as familiar with prices on everything? Raise more money and just live with diluting your returns in the beginning? Get cash back?
You can see the experience in this guy. Very useful information. Thanks for the upload Matt!
Thanks Karam!
Kasey is a beast! Looking forward to Matt's future collab with him :)
The fire burns deep!!! Haha 🔥💪📈💰
I wonder how much time he spends on real estate per week
Karam Khalil This guy is great
This guy doesn't play games. and he can be a good teacher on his subjects. impressive video. Thank you both.
Thanks for watching!
Yes love his authenticity in his videos !
Straight to the point and honest! Great qualities!
👌👌
Mac T He should make a teachable
I hope kasey does 100 more videos 🙏🏽
Well he’s done about 12 with us and we still got 3-4 more to drop!
who else wants more Kasey?!? comment 'We Love Kasey' for more videos!
I hope does 170 videos- 1 video to go with each unit he owns lol
I hope not! Otherwise I'll never get my work done! Haha 🏘💰 Love them all!
💯 perfect!
Yea this guy is a goldmine of wisdom. Pretty nice of him to do this
Absolutely! If anyone is lurking in the comments and is crushing it like Kasey - hit me up!
Literally dropping tips that make me wish I knew some if it earlier
His knowledge is one thing, but it's his execution that is on point!!!
Yeah I'm sure he's very busy but props to him for doing this
ChrisP Honestly
Even though his investing is so far out of reach than mine right now, his principles are so goddamn good that i can relate it to my business and make it sucessful, thanks matt and Kasey so much.
That’s awesome! Thanks for sharing Don!
You read my mind bro
don trinh You can be that big one day maybe even bigger :)
God bless Kasey! He takes his time to explain everything... Such an amazing individual.
Kasey is such a great guy and so willing to share! it's awesome!
This was very educational! I've been looking at multi-family in Guelph and these are some great tips!
Kasey is a BEAST!
Same! Been looking at multi-family homes & these videos are very useful
What's market rent for a renovated 2 bed 1 bath unit with in suite laundry and a 4 appliance kitchen? In Guelph
Anyone here looking into Paris ON real estate?
Eric U have you checked out there teachable on multi family?
This is gold! Good luck topping this series Matt...
Hahahahaha thanks Rob!
Rob c I know
This is gold. I want more Kasey.
Kasey is a goldmine of information & experience
📈👍 smashed
Oh there will be MOAR KASEY
Me too!
Jeremy Hans I want to meet him one day
How many hours does the Super work per week/month? what type of work do they do? how are their hours regulated? great content, Kasey needs his own channel, im likely beating a dead horse here, probably said many times over. Its his shrewdness/knowledge, his passion, and most important the genuineness and honesty of his character is whats makes him a Realty-Rock-Star. Audience obviously intuitively recognizes this. Hes aware, but read this off to him anyways, :) nice to be reminded.
Thanks
Following for answers on Sup.
Agreed! Does anyone know if Kasey will be going to OREC?
Ya I would definitely love to hear Kasey's input on how he manages his management staff, great question!🤔👌👊🏘🏘🏘
Do you guys think working with contractors or tenants is harder?
Kasey is a great mentor! Don't lose him!
Thanks Gregg!
Excited to see what other topics Kasey will be talking about in future videos
I don't think he's going anywhere!
I need a mentor like Casey haha
Gregg Perez H No joke I want to meet him one day
Amazing resource Kasey is- keep videos featuring him coming!
Thanks for watching!
Agreed!!! Awesome tips
Benjamin, are you doing multi-rez?
👍yes!!
Benjamin he is a badass
This is soo exciting when you can see someone that actually has it and explaining how to get There❗️❗️
Agreed! 170 units!!! He's a beast
Are you doing multi family Carlos?!
Nick DelConte yeah thts my pland
Plans*
It basically gives you a blue print to success
Been smashing the like button on these Casey videos.
So far enjoy all the Kasey Videos! :) Lots of good info.
Thanks!
Yes- I'm loving the new things im learning with these Kasey videos
🔥 Kasey - Kasey - Kasey 🔥
He's a goldmine of infoan
Gamer Treasures they are gold
We want Kasey videos every day. Atleast 30 mins Please.
And a netflix special on him too. Please and thanks
@@austinyeh6 🤣🤣🤣
😂😂😂
V PC In an ideal world
They have a couple on the way
Great to always hear Kasey's insights!
Agreed! Kasey is always dropping new gems and useful advice for investors :)
Kasey is such a wealth of knowledge!
I'd also like to hear his investors insights!
He's a smart man and deserves the successes he has
Financial Therapy - Mit CPA When are you coming back to the channel ?
Thanks for the video Matt! Keep’em coming!
Thanks!
Agreed! Loving all the Kasey vids!
Matt you're going to need a contractor to do regular repair maintenance on that 👍 button... shits getting SMASHED!!!
👍👍👍
mkireti I love these as well
Power level over 9000!?! That was a lot of really good info =D.
Nish A he's a very smart man!
Nish A Love that meme
what do you mean ?
man a lot of gems from kasey love this guy
He’s a real estate Jedi 🔥
Agreed. He's been droppin a lot of knowledge on us. I'm loving it!
Smash 👍 6,809,654.... and counting
He gives you so much value in these videos
epik89 It’s those small golden nuggets of wisdom that he gives that I love
Loving the Kasey videos, please keep them coming Matt!!
Thanks Patrick!
Yesss! Super excited for the next one
Smash 👍 button is back in action!
I agree!
Patrick Williams I know
Love the videos, you can tell Kasey really knows and enjoys what he does. Wondering if you or Kasey can speak to whether he owns his properties through a vehicle such as a corporation or whether he owns them personally and the pros and cons of either way.
He doesn’t own them in his personal name
@@CanadianRealEstateChannel I misread your response. I can think of a lot of compelling reasons to own the properties within a corporation. Does finding lenders become an issue with a corp or does he get around that with personal guarantees?
Great questions!
I know! He speaks with a pssion
Passion
Great information! I’d love to know more about how Kasey hires his site supervisors. Does he give them a cut on rent in addition to an hourly wage? What are their work duties? I’m closing on a 12 unit building similar to some of his other smaller buildings. Great video again!!
That’s awesome! What city is your 12plex in? Is it your first larger MF property?
Working with contractors sounds confusing but I'm excited to work with them
R T Good question
Great as usual! :D Thank you guys! ;)
Thanks for the support!
Another smash! Love it!
👍👍👍
István Petró :)
Hey Kacey could you do a video on your first multi family and the process of buying and your thoughts during the process and the first year or two managing..
I do ! I’m from kitchener and have some property as well , very informing .. keep it up
Thanks for the support!
Nice! What kind of properties are you investing in?
Are you into single family or multi family Tony?
I own a 6 plex residential and the next project is a 22,500 industrial build , multi unit . Starting construction this year
Would you like to talk about real estate sometime? I live near kitchener and looking to get into it
When hiring a super for your building, do you let them know youre the owner or do you say youre a property manager or just someone that reports directly under the owner or something?
from what ive seen property manager is favorable
This guys analyzes the prices of everything like stocks. This is a lot of work to run this and these numbers are commercial grade for everything.
These videos are the best Matt!
Thanks! Glad you’re enjoying them! We have a ton of more videos with Kasey for you to check out on the channel!
Does he only deal with local properties or does he have properties more than 50 miles away?
What would Kasey recommend as a solution for a contractor who bid on a job, but an “unexpected expense” came up due to a new requirement by the city, costing a significant amount more money. Do we eat the cost? Or play hard ball and insist he does, and risk having to find another contractor to finish his job?
Love these Kasey videos. Please keep them coming.
Good questions- would like to know the answer to this as well.
So like Kasey mentioned about having all contractors attend the project at the same time but ...
be well prepared with a total scope of work that you want done. And have that scope of work printed out with timelines and exact finishes that you expect, you can even detail the paint specs that you want.
Print out enough bid packages for each contractor who shows up and hand it to them before the walk through. This is so effective in creating a perception of professionalism and seriousness with the contractors letting the know basically you don't $#^% around.
In the bid package that you create mention what you consider whould justify a change order from your contractor for unforeseen work. I.E. wiring was expected to be updated, found to be tied into knob and tube, needs new wiring... this is a legitimate change in scope of work and you have 2 options,
1. Have a new bid for the electrical portion of the job with all contractors
2. Ask the contractor you chose to give you a firm price bid on completing the job with this extra work.
Again make sure to document time and schedule.!
If you have more questions I'd love to help! I could fill the entire comment space with stories haha
Nick DelConte appreciate the prompt response. SOW is a Great recommendations I will incorporate next time, but I’m in this situation now and not sure whether or not to eat the cost lol
@@anthonyortiz1359 it really comes down to honesty and what you had asked the contractor to do for you when they started the work. If it's not something that the contractor caused to happen due to poor judgment or workmanship, I don't see how you can expect them to "eat" costs that are no fault of their own? Unfortunately details are so important in these situations, can you elaborate on the situation or would you like to msg me privately? I'll do my best to help you through it! Just don't shoot the messenger if it's not the answer you are hoping for haha sometimes we just have to bite the bullet and get things done in order to get the income flowing....
@@anthonyortiz1359 you can msg me on Instagram @blackoakpropertygroup
Great info! Thanks for sharing!
Thanks Tyler!
Always dropping knowledge. Thanks Matt! Loving all your collab videos
Smash 6,709,958... and counting
👍👍👍
Tyler P You should see the info of there courses
KEEP THIS GUY ON YOUR CHANNEL. 👍👍👍👍👍
Thanks for watching!
More on Kasey please!
In fire! I want to be the official SMASH counter! Haha
Yess
Alex Alex YEp
We all love Kasey.
Preach!!!
Smashed 👍
Haha❤️
Jay Yang for sure
More of Kasey please! Great content!
Thanks! What market are you currently investing in?
@@CanadianRealEstateChannel Minneapolis, MN (USA), 4 commercial properties, 7 duplexes, 2 SFH
Wow- killing it Pavel. :) & agree with you comment haha
@@pavelushakov6612 amazing!
Thanks @@bigpappanick1!
Matt love the Kasey videos!!! One other question Matt to be a successful real estate agent when just starting out would you recommend going all in full time or still have a job to have income as well and work part time until i make enough for full time? Thank you Matt keep this content coming!!
Would like to hear Matt's thoughts on this as well. I am staying full time until I am able to build my portfolio to a reasonable size. Also, I will need income to get approved from A lenders for my own investment properties. When i build a solid trackrecord that's when I will start considering JVs. But again, I want to hear what some more experienced investors think about this
I agree with Austin!! Need that income for lenders! Until you go JV
@@bigpappanick1 what's jv mean
Yeah I'm confused as well on if I should mainly put my focus on a job or investments at the start
Michael Misilo I would check out Jeff Wybo’s channel he recently came out with a bunch of videos on starting out as a real estate agent
Do you have pest control services in your buildings? if so how much do u pay for their services?
Would love to hear the answer to this
Great question!!! 🤔
Good question
Gustavo Lagioia Awesome question thanks
Another great video! Can you clarify on what you Kasey meant by diluting the returns?
The more you borrow/raise the less the cash on cash return is.
Ie if you can make 200k borrowing 200k it’s a higher % return than making 200k borrowing 400k
@@CanadianRealEstateChannel Thanks!
Yeah basically fixing the front foyer will cost 50k. But the 50k does not generate any extra rent or income. So if Kasey is borrowing 50k extra to fix the foyer, the returns would "dilute" (in this case, rent is the same and the capital raised/invested has increased, thus overall cash on cash return drops)
Well, 2 solid answers here... 👍💣💥
Self-Made Entrepreneurship Channel Good luck growing your channel
Next one you should ask how does he justify how much to pay the super and how often should they work as in 5 days a week or 7 and how many hours a day they should be working and how many units do you need to even have a super
Thanks for watching! We discuss this a bit on a future video but we’ll try to dive deeper next time I see him
Matt McKeever next time if you can ask him if he had to redo everything he did in his whole real-estate career again how long would it take him to get where he is today , now that he is so knowledgeable
There's so many great questions to ask this guy haha
brian douglas hell yeah
Carlos Ortiz C Great question
Great info matt ask kasey if he can answer whats the process of finding these gems how does he know that it will bring this amount of dollars and where he gets his funding how much down he pays
Thanks - will do!
Would love to hear the answer to this as well
Count me in on that!
King ash There is a website / video from Bigger Pockets they have videos dedicated to that
does Kasey bought these building under a corporation? Do anyone know the answer?
Wow 300 th to the comment section!
We are entertained by Kasey
Thanks Noel! Your constant support in the comments from day 1 means a lot
👌👍
Noel Bissoondial he is pretty popular
Amazing video, and information. This guy is really amazing.
Thanks!
Yup- Kasey is a beast. Love that he's sharing his knowledge with the world
The smash 👍button in out of service .. back in 5! 😁🔥🔥🔥
Ikr
David Grant he is
Is that floor vinyl plank or vinyl stick down sheets ? 🧐🤔
Can you make a video for young investors, on how they can start investing. Like a step by step to investing ?
Will do!
Would be useful for many beginners! Check out some of Matt's other videos- was very useful for me when starting off
Check this one out to help you get started! ua-cam.com/play/PLVKh4BMVJHMM-yGhdJvGRsx-K4YRZh7ny.html
Yes I 100% agree with you Amol are you from the area?
Amol Singh I would follow them on Instagram they have live-streams where you can ask individual questions as someone starting out I find these particularly useful
Thanks again for another great video, whats the benefits having surveillance camera in the building??
If there’s an incident, damage etc done you have a video record, acts as a deterrent to bad behaviour too
Awesome video thanks!
Thanks for the support!
Every video that Matt drops is awesome. A video with Kasey is just a cherry on top !
Are you investing Woody83?
@@bigpappanick1 Not yet, right now I'm doing my research.
@@mark31383 One little bit of advice... don't get trapped in researching for to long! Make a goal to invest on sound principles and set a date to do it by! I wasted 5 years of "researching" but really I was procrastinating... if I had acted sooner just based on 5 years of principal pay down my Net Worth would be double!
I love this KEEP IT UP!
Same! Kasey is amazing
He's on fire! 🔥👌💥
Good job Matt and Kasey
Brian Schultze Me too
YESSS!!!! Kasey is the man
💯
👌👊💪🏘
😜
Austin Y THE MAN
What is a good price per unit?????
Or does it depend on the Rents????
I personally like 1% rule
Ie buy at 100k a unit if it can rent out for 1k a month
@@CanadianRealEstateChannel 1% rule on ARV correct? Not on purchase price
@@austinyeh6 I think ARV is correct!
I will use that rule when I buy in the future thanks.
IZZY Eatz I would check out bigger pockets they have videos dedicated to calculating units
that's why I am looking at smart lock one phone is all your key
The key struggle is so real! im switching to keyless
Hahaha - I try to on a lot of my smaller multifamily buildings too
I wonder if the "open sesame" smart lock system is effective for this
Lydron That’s a good idea
We want more Casey!!!!!
Thank you for the awesome content Matt, although I'm starting to invest these tips that you and Casey have put on this youtube channel have been invaluable!!!!
Agreed!!! Where you investing Danial?
Smashed 👍👍👍
Yess
Danial Qureshi YES
Always pay contractors after they finished the job and you inspected and are satisfied with their work.
Could you get kasey to talk about how to go about raising money for a building
Will do! Thanks for commenting what real estate market are you looking to invest in?
I am from Chicago so anywhere around there
Very good question! Think a lot of others are wondering the same
That would be another smasher!!! 👍👍👍 great idea
I think they have some courses on that
This guy is a cornucopia of information. 👍🏾
He’s a 🐐 of real estate investing in Ontario
Love learning from Kasey. Always something new to learn when he's on a video
Solid word! Haha
👍👍👍🇨🇦
ad mobile4 Google has a new competitor
This is golden
Agreed! Tons of information in this vid
As always! 🔥🔥🔥
Robert Ledingham Agreed
We love Kasey
❤️
Yes we do ! More please :)
Absolutely!
😙😙
Robert Ledingham Everyone does
6:30, yup, that's me.
Casey’s the best
💯
Can't disagree with that
Zero %$&#'s given, all drive!
👌
Simon Marthinsen They are all the best
different
Nish A very different but in a good way
I have 40 years in the trades (6 tickets-plumbing gas fitting steam fitting electrical welding) still amazes me that investors get burned by unscrupulous contractors. I should teach a course or something, save investors from themselves.
This is good thanks
Hey Kasey, you give great advice. I have 3 girlfriends and want to know how to choose best one to marry me????
level!!!
Nish A 👍👍
Nish A !!!
i always ask them why i should pick them over the other guy.
this fucking guy man a treasure chest of info and experience! Awesome!
Kasey is amazing!
why doesn't he get quotes from professional painters?
I think he was saying painting is a relatively easy job and not as important as the other big ticket item. You don't necessarily need a professional painter, many contractors have sufficient painting experience and will charge at a lower rate than professional painters. But would like to hear others thoughts on this
ONE REASON... R.O.I.
Nick DelConte truue
(O[][]O) YO Totally
Wow
100%
Nish A same :0
FIRST 😁
🏆
Congrats on re-claiming the top spot on being the undisputed "First commenter" champion of the world
I don't know how he does it! 🤯🤣
345th
The Hungarian Experiment Like 600th ish
on
Nish A On a new level
Could you possibly get Kasey to talk about cleaning/upkeep services that he uses for his complexes?
Good question! Would like to know this as well
Me too!
Flash 🇿🇦 YES
he says he pays 2 ladies 20hr for 2 days out the week - 1-3hrs a day
Kasey
Nish A 👍
Nish A KASEY
I’m a contractor 👷🏻♂️ first year. I specialize in framing but have a lot of good connects with every other trade. Located in Toronto, willing to give you my number if you or anyone you know needs someone.
Best of luck!
Network = Net worth
Pavao carpentry.... can provide reference pictures of work I’ve done and clients who would back me like I was their family
6479961649 please contact me for anything you need
Underrated career man
a gm We should connect on LinkedIn I am building a network for wholesaling at Diego Gedge and believe I could help in the future
If you can't find a candidate for a Chronicles of a Hamilton Slumlord series, maybe I'll bite the bullet and you can follow me around if I can wear a ski mask from dollarama and you can disguise my voice like how they do on Drugs Inc. I'm no where near as bad as some landlords though. I just do my own fixes and sometimes things might look a little more ghettoer than they appear. And we can see how can pick up the most empty beer bottles.
Hahahahaha email me matt.fieh@gmail.com
I'm in Hamilton too!
@@bigpappanick1 but are you slummin' it out? Edit: I found you on facebook. You're a carpenter and a respectable looking guy. No way you're slummin' like how I'm slummin. Come back when you haven't had a haircut in 4 months, have no building or renovation skills and fix everything with PL Premium, caulking or mixing up a lil' of that ol hydraulic cement that you keep in the trunk of your mid sized sedan all the time. Maybe at that point I can teach you how to make HVAC connections with nothing but tape.. I'm 33, no way I'm hitting freedom 35 paying expensive contractors.. I'm just going to keep going around with that foil tape!
@@accomplishedtheory9502 🤣🤣🤣 Well listen, why don't we hook up and maybe can help you with a few things and you can introduce me to your barber?? Haha
@@bigpappanick1 What happened was the barber raised the price twice in 6 months. I usually go in with exact change including tip. So after the second price increase I was embarrassed and haven't been back. I have a 5 piece makita set and my circular saw has never been used. Too chicken shit. Just look for the house with the most beat up concrete front steps that I patch every year after winter. I have an 82 year old guy next door who's a legit paesan who comes in when I need a second set of eyes on things lol. I've had this one place for 7 years.. I swear the bathtub has only been cleaned between tenants by me.. So what the hell is the point sometimes.. they don't clean, they bring in all their pets.. A little PL Premium here and there has never hurt nobody lol.
He’s literally giving u all the info. Learn
Yup- multi family investors are definitely loving this
Focus.... apply .... repeat
This is a very good place to learn inside tips I agree
pavel sobchuk YES SIR
a
Nish A Really creative comment idea btw
Jeez people pay 1250 to live there?
Le sigh 😔
5'2 damn. I am 6'3 and always sad not 6'5 or 6'6. Kasey has great real estate business and finance skills but I guess life always a trade off in something.
its not the size of the dog in the fight...
Kasey’s super click bait 🔥🔥
😆
LMAO this is very accurate
💣💥👌
😂😂
Quintin Thomas but the info is also 🔥🔥🔥
if you want to keep a contractor don't listen to this guy. He's the type of guy you let confuse his equity for intelligence. I'll have a $ # in my head I want to make off him and when I hit that I'll tell him to bounce.
I feel like this comment says a lot more about you than Kasey
@@CanadianRealEstateChannel It says I have low tolerance for assholes like him who think contractors haven't been dealing with guys like Casey since the dawn of time.
Jesus christ how many properties does this guy hoard?
No 'hoarding' here. He's buying properties just like you could, fixing them up, providing great living for a great price. This is an actual business that you can do yourself as well but it takes a lot of time and risk!
The information is great but the lip smacking at the beginning was extremely annoying and detracts from pleasurable listening. Tip: drink more water if you're dehydrated.