Malhotra Capital Holdings

01/01/2023

How to deal with nonpaying tenants in Ontario ??

01/01/2023

2022 in rewind: a year of savvy investments and successful real estate deals. As we wrap up 2022, we're grateful for all of the doors that real estate opened for us this year.
2023 here we come !!!

09/20/2022

Forever grateful to our Real Estate Investing Mentors Investor Mel & Dave. And it definitely feels great to be recognized for how far we have come and our family's growth.

If we as new immigrants can do it, so can you! It is all about grit!

If you have not already, follow us on Instagram and to follow along our investment journey.

09/20/2022

09/13/2022

$0 to $145,000 in Equity + $1,050 in monthly cashflow.
We recently finished another Perfect BRRR project in northern Ontario.
Here are the project details:
Purchase Price (September 2021): $440,000
Refinance Value (September 2022): $725,000
Challenges:
- Renos was completed in 6 months but we had to wait a whole year before we could pull our equity out due to lender requirements.

- Making ourselves familiar with multiple LTB Forms.

- Changing property management mid-Renos.

Lessons:

- Always get multiple quotes for any work especially if you are going to be replacing the roof.

- Minor landscaping and siding work go a long way to help increase your curb appeal.

- Provide tenants with a parking map with assigned parking spots. This can be provided with the lease agreement. We had multiple tenants park in NO PARKING areas.

- Small things like insulating exterior walls during reno and getting ducts cleaned goes a long way to help reduce utility bills.

Now, onto the next one. Feel free to reach out if you’d like to invest in one of our future projects and we’d be happy to get on a call and create a win-win situation for everyone involved.

07/18/2022

$1,700 in monthly cashflow & $0 left in the deal

and I recently finished a Perfect BRRR project in northern Ontario. This deal taught us a lot as we dealt with non paying tenants, hoarders, pest infestation, ice damming, cast iron plumbing, outdated and unsafe electrical .

The tenants were not cooperative either but we were able to turn them over eventually through LTB and other strategies with some tenants having $10,000 + in arrears. The total duration of BRRR was 1 year.

Was it easy - Not at all, Was it stressful at times- Absolutely YES. Did we ever quit- Never because our ‘WHY’ was stronger that whatever the universe threw at us.

Now, onto the next one. Feel free to reach out if you’d like to invest in one of future projects and we’d be happy to get on a call and create a win-win situation for everyone involved

05/22/2022

We had the opportunity to be on podcast🎙️

Link to podcast in our bio or copy and paste https://www.thereiteclub.com/podcast

▶️ The Power of Other People's Money is the subject of the latest REITE Club podcast 📈
💥 In this episode, we discussed
✅ OPM - Other People's Money
✅ Benefits of connecting with other people
✅ Private Investors
✅ Building trust with Investors
✅ The Numbers Game - Secured vs. Unsecured Funds
✅ Various Investment Strategies

Get in touch with Karan and Kunal:
Email: [email protected]

Tune in and listen to our real estate investing career in Canada!

Link to podcast in our bio or copy and paste https://www.thereiteclub.com/podcast

03/19/2022

March ‘22 marked 1 year of our real estate investing and we had the opportunity to reflect back on this beautiful journey of financial freedom in this podcast.
Each milestone we achieve, we always reckon that it is just a beginning and that is what keeps us rolling to the next one. We are grateful for all the experiences and lessons that this journey has brought in front of us.
We have realized It is very important to have a clear picture of your goals so we continue to grow and focus our efforts on what is important.

Recently we had the opportunity to interview with , , and Steff to be on their podcast Real Talk About Real Estate Investing. We discussed cash for keys, investing in the Northern Ontario Market,eventually starting a portfolio in Bahamas and much more. If you haven’t already, please give it a listen.

Here is the link : https://youtu.be/JS3Ihkr-ihs

12/28/2021

So, Karan Malhotra and I were able to squeeze in another 2 Bedroom renovation in our 4plex in 2021. 50 percent of the building has been completely turned over since we closed on it in October 2021. We should be able to refinance a lot sooner than the anticipated timeline of 1 year and repeat this all over again.

It’s been a great year for us and we have some massive but achievable goals for 2022 to double our cash flowing portfolio in Canada and also start investing internationally. Feel free to reach out if you would like to know more about our current investments and even future investment plans. We would love to get on a call and discuss how you can passively invest in real estate and also make great returns at the same time without worrying about renovations or dealing with tenants. Looking forward to talking to you and creating a win-win situation.
Happy Holidays everyone!

11/20/2021

and I came a long way on the 2 Bed unit in our Triplex on Spruce. This was our second Cash for keys tenant turnover and we used a different contractor who was working Full Time on our Project. This helped reduce the holding costs. If you remember from my last post -previously we went with the cheapest quote offered to us and we learned our lesson and the importance of checking contractor references.

We had to do a major yard cleanup because we had very mature trees with branches all over the roof of the property. This created a major hazard for the infestation in the building with the risk of squirrels/ birds getting inside the attic, branches damaging the shingles, and dry leaves blocking the gutters. We also had to do grading by putting some top soil to get water away from the property. Thanks to .paradis79

We also dealt with sloped floors for the first time. With older buildings, this might be something you’ll see often. An uneducated investor would turn around once they see sloped floors, thinking there is definitely going to be something structurally wrong. We had a structural engineer inspect the property and there is the remediation for everything. After confirming there is nothing structurally wrong with the property (Before buying), we used a self-leveling compound for the wooden floors to even them out. Guess what, it worked miracles.

As we move forward in our REI journey, every project teaches us something new which can be implemented in our next projects. It is a journey and not a get-rich-quick scheme. We are continuously expanding our portfolio with more confidence as we are building processes and teams to support the expansions. If you are interested in investing with us and making great returns passively, feel free to send a DM to either me or and we would love to get on a call with you and make that money work for you.

10/14/2021

This unit was a disaster and it was a source of infestation for the entire 3 unit building. We had to completely gut it down to studs and replace everything.
As expected there was mold in the kitchen and bathroom which increased the holding time by 15 days. This unit now has new flooring, paint, bathroom, kitchen, light fixtures, plumbing, and even electrical.

We had to add 2 new breakers as the connections in the kitchen and bathroom were not grounded. Also, the outlets had to be replaced with GFIs to get all electrical ESA certified.

The main lesson learned, have more than 1 contractor in your Power Team if you are BRRR-ing multiple units at once. All contractors are not structured to handle multiple Renos at the same time and if they do take over other jobs, nothing will complete on time.

Made a ton of mistakes and learned a lot on this one but now off to the next one.