Great show Sade and Ryhs. Shawn here from Belleville. Our purchase for the girls has worked out wonderfully. Will be doing more rentals in Windsor in near future. Thanks S
Wow. I can't believe this is 2023- 24 new strategies ..back in 2005-2011. I was already killing the student housing niche and this whole strategy or renting per room. 👏 👏 👏
My whole real estate investment strategy was student rentals back in the day as well, I get it, but this strategy has some similarities but way different; you're still renting to a corporate group as opposed to room by room student rentals. This isn't a rooming house situation, wear and tear WAYYYYYY less, these are folk that work 12+ hours a day, need a place to crash at night, then go home to their families in the GTA on the weekends. And your access to these tenants is very narrow, you cannot just roll down here and have the pipeline available to you, corporations want to make sure there's a housing standard for their guys, so they're typically wanting to see you go through one of 20 groups (including us, The Vanguard Team), or it's just a headache to try to pull off going rouge.
Typically lenders want to see you get one mortgage per property; a "blanket mortgage" across several properties is super rare and quite frankly to be avoided for several reasons. Kills your exit strategies, is more expensive, harder to acquire -- KISS (keep it simple)
windsor has less desirable areas that are cheap near downtown- hopefully that changes and we see that area increased in value and development as well- because the potential for a beautiful downtown area is high. It seems ironic that a place that will build lithium EV batteries and a big technology hub- is creating more urban sprawl- versus development of the urban core, walkability, public transport and smaller EV transport vehicles
The sprawl is happening in the surrounding towns. Not much Windsor can do about that but to be fair the towns are becoming denser. I agree about DT and I think it's inevitable for land values and development to increase. Many projects planned for the DT.
Yes a ton of projects already in the pipeline for downtown -- including 4 by us! We're adding about 200 apartments currently to the core with more to come. Lots of infill lot building going on as well. 10 years from now downtown will have 5,000+ more residential units and the "joie de vivre" that comes with that density.
@@WindsorOntarioRealEstate will you be creating / selling outdoor parking vehicle with EV chargers? specifically outdoor parking spaces big enough to charge the luxury new all election Promaster Campervan’s? Many traveling nurses and temporary seasonal workers are living in them during the week. This new type of seasonal Vanlife is very popular now and we required EV charging locations. I would love to look into buying a few of these- As I know it is a less known niche
@@christinaserpa3306 I have said, I truly have zero idea how we won't need more trailer parks, RVs, even Fort MacMurray tents. I just don't see how we're going to build fast enough down here.
Great show Sade and Ryhs. Shawn here from Belleville. Our purchase for the girls has worked out wonderfully. Will be doing more rentals in Windsor in near future. Thanks S
Hey Shawn! Thanks man too kind and appreciated.
Wow. I can't believe this is 2023- 24 new strategies ..back in 2005-2011. I was already killing the student housing niche and this whole strategy or renting per room.
👏 👏 👏
My whole real estate investment strategy was student rentals back in the day as well, I get it, but this strategy has some similarities but way different; you're still renting to a corporate group as opposed to room by room student rentals. This isn't a rooming house situation, wear and tear WAYYYYYY less, these are folk that work 12+ hours a day, need a place to crash at night, then go home to their families in the GTA on the weekends. And your access to these tenants is very narrow, you cannot just roll down here and have the pipeline available to you, corporations want to make sure there's a housing standard for their guys, so they're typically wanting to see you go through one of 20 groups (including us, The Vanguard Team), or it's just a headache to try to pull off going rouge.
love the conversation here!
I likely don't qualify for a residential mortgage. This is why I ask about commercial financing.
Is it possible to purchase several properties through a commercial mortgage
Typically lenders want to see you get one mortgage per property; a "blanket mortgage" across several properties is super rare and quite frankly to be avoided for several reasons. Kills your exit strategies, is more expensive, harder to acquire -- KISS (keep it simple)
windsor has less desirable areas that are cheap near downtown- hopefully that changes and we see that area increased in value and development as well- because the potential for a beautiful downtown area is high. It seems ironic that a place that will build lithium EV batteries and a big technology hub- is creating more urban sprawl- versus development of the urban core, walkability, public transport and smaller EV transport vehicles
The sprawl is happening in the surrounding towns. Not much Windsor can do about that but to be fair the towns are becoming denser. I agree about DT and I think it's inevitable for land values and development to increase. Many projects planned for the DT.
Yes a ton of projects already in the pipeline for downtown -- including 4 by us! We're adding about 200 apartments currently to the core with more to come. Lots of infill lot building going on as well. 10 years from now downtown will have 5,000+ more residential units and the "joie de vivre" that comes with that density.
@@WindsorOntarioRealEstate will you be creating / selling outdoor parking vehicle with EV chargers? specifically outdoor parking spaces big enough to charge the luxury new all election Promaster Campervan’s? Many traveling nurses and temporary seasonal workers are living in them during the week. This new type of seasonal Vanlife is very popular now and we required EV charging locations. I would love to look into buying a few of these- As I know it is a less known niche
@@christinaserpa3306 I have said, I truly have zero idea how we won't need more trailer parks, RVs, even Fort MacMurray tents. I just don't see how we're going to build fast enough down here.
great conversations going on here! We love to see it!!!