Quasimoto Capital

Alberta multifamily owner/operator

[Quasimoto Capital @QuasimotoCap]

@SteveSaretsky @danielfoch These 8 plexes are the reason cmhc bumped vacancy underwriting to 7-8% from 3-4% just a year ago. Not great for us regular multifamily guys.

[Quasimoto Capital @QuasimotoCap]

Canada if any of the CRA’s 60,000 employees could read

[Quasimoto Capital @QuasimotoCap]

@maxgoyzman What kind of exceptions have you seen? Are there any creative solutions to get around this holding period? Pay off bridge debt with cash before applying to CMHC?

[Quasimoto Capital @QuasimotoCap]

@rw_briggs “The Gang Gets Rich”

[Quasimoto Capital @QuasimotoCap]

@moseskagan When doing value add deals, we keep PM in house until stabilization in order to maximize returns, then we hand it off to a third party co. Return on time/$ doing PM after refi is next to nil.

[Quasimoto Capital @QuasimotoCap]

@TrungTPhan Porsche is the epitome of that rule. Love it.

[Quasimoto Capital @QuasimotoCap]

@rCanadaHousing There’s actually quite a bit more to Canada than Ontario, contrary to Ontarian’s beliefs.

[Quasimoto Capital @QuasimotoCap]

every tenant's late rent payment interaction, ever:

"hey (landlord's name), so...

*1-3 paragraphs of bullshit*

...would it be okay if I pay you rent next week?"

never fails.

[Quasimoto Capital @QuasimotoCap]

@SteveSaretsky a family friend, visiting YYC from YVR, had a deal with a builder to buy a pre-con house 3 weeks ago - didn't sign the final documents, went back to YVR to think. Comes back to YYC one week later to finalize and builder said it'll be 60k (10%) more. He still signed.

[Quasimoto Capital @QuasimotoCap]

RIP DOOM