Yada Group Inc.

Bank of Canada Rate hike! 50bps

Tell Sellers:

YESTERDAY'S PRICE IS NOT TODAYs PRICE!

Update from BMO for Commercial Multi-family

Now

1 year fixed – 5.26%

2 year fixed – 5.51%

3 year fixed – 5.70%

5 year fixed – 5.91%

Before announcement

1 year fixed – 5.05%



2 year fixed – 5.28%



3 year fixed – 5.49%

5 year fixed -. 5.67%

Market is changing. This should reflect in your underwriting. Good to stress test deals now at 6%. If you have the luxury to go CMHC on refinance or aquisition

I believe your looking between 3.5-4.5

Question is. Is variable still a good option?

I know BMO is prime + 1.50 so today sits at 5.2

We're still expecting another 25-50 basis points by end of the year.

Since we don't know tomorrow and you want to sleep at night I would lock in to a fixed right now and weather it out.

"everyone is a genius in a bull Market"

- Mark Cuban

We're heading into a season that will seperate real investors in this game.

There should be some considerable deals coming if this keeps up for next few years maybe even months.

Like to congratulate our partner on this great win last week!

Closed on this off-markrt 7 unit Portfolio in April 2021.

PP: 600
- 50k Cash Back
- 50k VTB (3% interest only 3 years)
550
Reno: 40k
(our reno was electrical and heat pumps, with minor cosmetic we got financed with Nova Scotia power for 7 years at 5% interest)
Expected ARV: 700k
Actual: 865k!

Gross income before 55k after 89k

Total Raise was 85k.

Refinanced 75LTV for 648
Paid off VTB
Passive partner received 85k back and splitting the difference.

Cashflow = 2k after expenses and budgets per month.

Its amazing to see the results especially when you know that God's hand is ready to bless those with the knowledge and drive to succeed.

Looking for Live-in Super. This is a part time/On Call position.

Basic Skills required:
Plumbing
Minor electrical
Cleaning
Painting
Customer Service dealing with tenants
Computer proficient, programs like Word and Excel

Previous Experience is a Asset.