Hey everyone, quick question! When I’m trying to figure out the Debt Service Coverage Ratio (DSCR), I start by using a mortgage calculator to determine the monthly payment. But how do I know what interest rate I should input into the calculator? • Where do I get this information from? • Is there a source or website you use? • Do I make an educated guess, or is there a benchmark or tool I should be referencing? I’d really appreciate any feedback or suggestions. Thanks in advance for your help!

Estimate construction costs easily https://go.altusgroup.com/2024-canadian-cost-guide

Hi everyone! I’m starting to do my first set of real estate analysis and had a quick question about determining rent. I’m analyzing a duplex with 3 bedrooms in each unit. To determine the rent, do I treat each unit as a house with 3 beds and then combine the two rents to get the total for the property? How do you guys typically determine rents or analyze multi-family units like this? I’d appreciate any advice or insights. Thanks so much!

Hi everyone - here's the book for our first monthly book club: "The E-Myth Real Estate Investor" by Michael E. Gerber and Than Merrill. This book is a must-read for anyone serious about scaling their real estate investing business. It builds on Gerber’s classic E-Myth framework, which highlights why most small businesses fail and how to avoid those pitfalls by building systems and processes. Amazon link: https://www.amazon.ca/Myth-Real-Estate-Investor/dp/0983554269 Apple books: https://books.apple.com/us/audiobook/the-e-myth-real-estate-investor-why-most-real-estate/id1534953582

Hey everyone, I have a client here in Metro Vancouver who I’m currently helping find a primary residence. However, we’ve also discussed the possibility of liquidating two of their assets and reinvesting in another province, either Saskatchewan or Alberta. I’m looking to connect with realtors in these provinces who might be interested in helping my client with their next investment. If you’re interested, let’s discuss the referral in a bit more detail. Feel free to reach out and let me know!