Almost 12 months to the day.
We finally get to close the chapter on these custom built semi-detached units.
There’s NOTHING better than closing time and the money hitting the bank account.
Challenging project but a very rewarding one at that!
Onward and upward!
Renovations are complete, introducing our office “Think Tank” . A welcoming space for our team to collaborate, host, be creative and have a little fun ⛳️ 😎! @DanielPeakGroup
Shared offices spaces are popping up all over.
Toured facility with realtors of choice today @DanielPeakGroup @MichaelNicoTeam
Their team has access to hundreds of thousands worth of equipment as part of their membership.
Baldoholdings may have to utilize 👀
2017 tenants vacated . Decided on a 60K reno to maximize returns in a 🔥market! 45 days later..renos were complete & the market 🥶.
Timing the market is risky!
Flash fwd to today, its Grown 3X, cash flows & was leveraged to grow my RE portfolio!
A blessing in disguise 👼
Family is #1!
This post is a huge THANK YOU my father who showed up to site everyday to make sure trades were doing their jobs & jumped on the tools to get our project to the finish line! 🦺🔨
Basement reno's maximize your living space & increase value. I just finished mine 🔨💵
Quick tips 👇
1) Vinyl is water resistant & perfect for basements.
2) Accent walls help sophisticate your space. I chose wainscoting.
3) Painters tape helps you position furnature!
Student Rentals....high risk = high rewards! 💰
Purchased 2014 - $295,000
DP: 20% $59,000
MTG $: $236,000
Prin+Int = $1068 mo
Prop Tax: $110 mo
Utilities: $4-500 mo
Insurance: $200 mo
Total Expenses $1778 mo
Total Income $3250 mo
Net Profit: $1472 mo
FMV 2023 = 900K🙏
Check out how I used leverage to buy a 12-unit building for 880k with the banks money!
My followers, and mentors in this space, seem to love the ANALYTICAL side of my deals!
I figured why not get into the EXACT financing process with EXACT details.
See below!!
Thread 1/10👇
Family is #1!
This post is a huge THANK YOU my father who showed up to site everyday to make sure trades were doing their jobs & jumped on the tools to get our project to the finish line! 🦺🔨
Being a landlord has its risks, but when you get quality tenants it makes the experience much more worth it! when you get good tenants make sure to treat them well!! @MichaelNicoTeam
A+ Tenants of 5 YRS asked if we could team up to renovate the back yard. They offered to provide labour and we pay for materials. I can't resist a renovation project & approved! Total costs was $2500 = lumber, landscaping, patio stones, shed shingle 🔨
Would you approve?
Thank you for trusting The Nicoletti Team!
Daniel, team Broker, secured two new locations for our Arby's franchisee owner. 1st location was a new construction build & the 2nd a conversion renovation! Congratulation's!!!! 🍔🍟🧋 @Arbys@DanielPeakGroup@robcrealestate
Let's Get This Over With: Bank Of Canada Will NOT Change Prime Rate On March 8th
This isn't prediction because something that happens in only 4 weeks is just analysis
And it's simple because the BoC Governor already said he's pausing and observing and analyzing... blah blah
2/
Appreciate my 500 followers. For anyone who’s new here;
My name is Baldo. My portfolio consists of;
68 multi-fam units
14 mixed-use units
13 single-res units
7 STR units
Some developmental land
& NO OPM 👀
I know a thing or two about leverage. Ask, and you shall receive 🎯
Here is story about dedication & our new REagents 1st closed deal w/buyers. 1st time home buyers, shown 40+ homes, backed out of 3 offers after inspections (asbestoses😬), total of 6 offers submitted. The training wheels are off for our newest agent & clients are over the moon!