精华 Ottawa房地产投资的故事

[苦逼热狗]

我记得渥太华还有个华人大地主，好像姓han，人家都是N亩N亩得买，自己还住个100来万的大豪宅，后院直连着小码头

 

[RE_Collector]

我记得渥太华还有个华人大地主，好像姓han，人家都是N亩N亩得买，自己还住个100来万的大豪宅，后院直连着小码头

热狗知道不少事儿嘛！

似乎还有个Doctor的title什么的, 那是条小鱼。

 

[黑向日葵]

花一晚上看了这个帖，受益匪浅，有没有新的故事？比如在目前不少消息说房价可能大跌的时候，有没有什么对策？

 

[jxyiliu]

Excellent story, I knew what I should do for next.

Thanks for sharing the story.

 

[terry890]

what it takes to invest in real estate

There are many people I know have been very successful at real estate investing, most of them are reluctant at showing people how it's done, and what it takes to be successful at this.


Today I want to talk about one very important reason why some of the people, include many Chinese here in Ottawa failed at real estate investing.

It's the mind set. To me, the property I have really doesn't belong to me, it belongs to the bank. I'm here to take care it for a few years and I will be sell them to the next person when time comes.

It's a business, I don't take anything happened personally. most of the new landlord tend to do everything hand on, soon enough they will meet a bad tenant and the tenant will drive them crazy, they get burn out, and sell their properties and promise never to come back.

If you read my previous posts, you will see, the money in real estate isn't in the rent, it's the appreciation over time. So have the right mind set, understand that don't worry over little things, you WILL meet bad tenants if you are going to do this for a long time. it will costs you some money to repair and so on, it's part of the business you in, you will learn from you mistake and make better judgment next time and move on.

As any business owner will know, there is a expense called leakage, it's where people shoplift, steal your money, but it's part of doing business, companies like Wal-mart put a leakage as part of their predictable expense. I'm sure every successful landlord had it's day with bad tenants. it's how you deal with you own emotion and psych , will determine if you are suitable for this business. Remember just because you are the landlord, doesn't mean you are going to be good at dealing with all the issues, sometime it's better to get some help like a property manager.

 

[uglyducking]

something may worth to read


Is Real Estate Too Expensive In Your City?



http://www.spirepoint.ca/is-real-estate-too-expensive-in-your-city/

 

[黑向日葵]

楼上两位好文章，链接里的讨论很有启发，感谢。

 

[jxyiliu]

bought a duplex in Ottawa 6 years ago for $180,000 sold two years ago for $300,000.

Paid 20% down payment for the duplex around $40,000 include all the laywer and land transfer cost.

rent covered mortgate and property tax, management fee.

cost me 15,000 for the sales agent fee.

in 4 years, made 300,000-180,000-15,000=105,000.

so turned $40,000 into $145,000 in 4 years. not sure what kind return that is.

I regret I sold the property, cause I think I would made more if I kept it.

Story is pretty outstanding. But I did some calculations and can not understand how your rental fee can cover mortgage, property tax and management fee with only 20% down payment. It is almost impossible...

 

[黑向日葵]

Story is pretty outstanding. But I did some calculations and can not understand how your rental fee can cover mortgage, property tax and management fee with only 20% down payment. It is almost impossible...

我看着可以啊。没仔细算，但是一个duplex一般可以出租6个房间吧，或者更多，难道mortgage, property tax and management fee能多于这个数？

 

[terry890]

Story is pretty outstanding. But I did some calculations and can not understand how your rental fee can cover mortgage, property tax and management fee with only 20% down payment. It is almost impossible...

if a property gives you 7% return, a house worth $100,000 you would receive rent of $7,000/year. 583/month.

mortgage at 2.5% is $358.89/month, property tax $100/month.
manage $100/month.

583>558

looks to me the rent can cover all the expense.

 

[jxyiliu]

我看着可以啊。没仔细算，但是一个duplex一般可以出租6个房间吧，或者更多，难道mortgage, property tax and management fee能多于这个数？

Do not know, maybe it is possible for you. What I came out as following: sold two years before at $300,000. The price of house should be around $350,000 now. Checked the average rental fee for duplex around $400,000. It is only around $1100. How can it cover mortgage, property tax and management fee?

 

[uglyducking]

maybe $1100 is per unit so total for a duplex is $2200?

Do not know, maybe it is possible for you. What I came out as following: sold two years before at $300,000. The price of house should be around $350,000 now. Checked the average rental fee for duplex around $400,000. It is only around $1100. How can it cover mortgage, property tax and management fee?

 

[FlyingEagle]

Story is pretty outstanding. But I did some calculations and can not understand how your rental fee can cover mortgage, property tax and management fee with only 20% down payment. It is almost impossible...

It is possible for $180,000*(1-20%)=$144,000
Maybe it is almost impossible for $300,000*(1-20%)=$240,000

当房东并不容易. 请看看下面CFC的老贴子.
中国人在北美炒房发现：房客是爷房东是孙子(zt)
http://bbs.comefromchina.com/forum43/thread852117.html

 

[jxyiliu]

It is possible for $180,000*(1-20%)=$144,000
Maybe it is almost impossible for $300,000*(1-20%)=$240,000

当房东并不容易. 请看看下面CFC的老贴子.
中国人在北美炒房发现：房客是爷房东是孙子(zt)
http://bbs.comefromchina.com/forum43/thread852117.html

Yes, I agree it is possible four or five years before, but it is almost impossible right now. I read an article says that with 20% DP you have to reach 1% monthly ROI while with 25% DP you can decrease to .8% monthly ROI.

Currently, the average of monthly ROI in Ottawa rental is around .5% monthly ROI. We almost have no chances to make positive cash on cash unless putting huge DP.

For the opinion in "中国人在北美炒房发现：房客是爷房东是孙子(zt) " article, I do not totally agree with it. As the tenant is chosen by us, we have the power to screening the best one out. (credit/previous landlord/Job etc...)