Inside View Management Inc

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Inside View Management Inc Real estate investor based out of Waterloo region managing single and multi family properties.

11/04/2021

Looking for multiple demo crews to demo kitchens and washrooms.

How to live rent freešŸ” buy a three bedroom housešŸ” live in one of the rooms, rent out the other two roomsšŸ” your mortga...
07/24/2021

How to live rent free
šŸ” buy a three bedroom house
šŸ” live in one of the rooms, rent out the other two rooms
šŸ” your mortgage payments will be covered by your rental income

Quick low budget rental grade Reno in this 2 bedroom, 1 bathroom duplex rental unit. New countertop, sink, flooring, pai...
07/23/2021

Quick low budget rental grade Reno in this 2 bedroom, 1 bathroom duplex rental unit. New countertop, sink, flooring, paint, trim, doors, updated bathroom and light fixtures.
15k reno and rented to amazing new tenants!

Every time I walk into this utility room I get excited like a baby. Iā€™m very grateful for everyone who helped me get thi...
07/22/2021

Every time I walk into this utility room I get excited like a baby. Iā€™m very grateful for everyone who helped me get this 16 unit building as this is stepping stone for me to get into this multi family space. There is a lot to learn and grow in this space and Iā€™m excited for the new chapter in my life.

Quick low budget rental grade Reno in this 2 bedroom, 1 bathroom duplex rental unit. New Kitchen, flooring, paint, trim,...
07/21/2021

Quick low budget rental grade Reno in this 2 bedroom, 1 bathroom duplex rental unit. New Kitchen, flooring, paint, trim, doors, updated bathroom, new pot lights and light fixtures.
18k reno and rented to amazing new tenants!

Real estate abbreviations can sometimes be really confusing, yes? Hereā€™s a little cheat sheet for you to make your lives...
06/21/2021

Real estate abbreviations can sometimes be really confusing, yes?
Hereā€™s a little cheat sheet for you to make your lives easier! šŸ˜Œ

How do we find deals to WHOLESALE?
06/15/2021

How do we find deals to WHOLESALE?

05/20/2021

Another day in investor life, In this property, we have had issues in regards to sewer couple of times and got the plumber to snake ~30 feet underground. In both cases, the issue got resolved but it keeps popping up again. So decided to bring in a crew to do camera inspection to checkout whatā€™s happening underground.
The expected never happens; it's always the unexpected that happens. In this case, the camera got stuck inside sewer pipe and doesnā€™t want to come out. We had no choice at this moment as the inspection company had other jobs to go. We ended up digging the concrete to give his camera back and fix it properly. To everyone surprise there was a tree root in the plumbing pipe which has been growing for a while. As the pipe being cast iron, it degraded over the years and collapsed underground which allowed the roots to creep up into the pipe.
Overall we paid more than 10K to fix this issue as we had to remove lot of soil after we dug the concrete as the land was basically absorbing lot of water under the house. We got rid of ton of land and re-did all the underground plumbing with new ABS piping which should last forever hopefully.

05/18/2021

Bought this property from facebook groups during COVID. A realtor posted about an off market deal that needs to get sold asap. I believe I replied to the post in 5mins since he posted and got in contact with him immediately. After getting all the details of the property, price and the reason for selling, I was able to negotiate the price and got it under contract the same day on the condition to see the property once before closing.

Few lessons learned while getting this deal at a good price are:
* I was ready to take up the problematic tenants as-is. they werenā€™t paying rent for the last 6 months and doesnā€™t want to move out of the property. seller already had a paralegal working with him and lot of that process has already been in the works during the purchase.
* Being flexible goes a long way in negotiation - I was able to give ~20k directly to help him pay off arrears with the bank.
* Be ready to spend some extra dollars for small things - I was ready to clean up the whole house myself. we threw away two 16 yard bins of garbage. tenants were storing their garbage bags, food waste in the basement for more than 3 months at least.

Purchase price : $330,000
Renovations: $15,000
ARV: $500,000

with the crazy appreciation of Kitchener market in the last year, I got it appraised for refinance at $650,000 last week. overall, with little compromises and work, was able to get all the down payment and was able to take out another 120K from the house in ~8 months.

Address

840 Stirling Avenue S
Kitchener, ON
N2M3K3

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