Is investing in a multifamily BRRRR in 2023 worth it? (WINDSOR, ONTARIO)

Hey guys this is Aditya Soma and welcome back to my channel! In this video let's find out whether investing in a multifamily BRRRR in 2023 (WINDSOR, ONTARIO) worth it or not? Gurinder recently purchased a 6plex unit in 2021 and BRRRR'ed this project to get a cash-flowing multifamily property.

We dive into how he purchased this off market deal: the challenges that Gurinder faced in doing cash for keys with tenants who have lived in these units for more than 10-15 years and how he expects the bank to appraise the value after renovating this space. This video is a value bomb for investors looking to invest in 2023 and definitely an education for future real estate investors who are keen to know how the real estate market in Canada works.

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Check Out:
1. https://www.youtube.com/watch?v=vBuh10RQfec&t=552s
2. https://www.youtube.com/watch?v=nBlqyHrCWXQ&t=46s
3. https://www.youtube.com/watch?v=F1hL17sMjm4
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TIMESTAMPS

00:00 - Introduction
01:13 - When did Gurinder buy this property?
01:49 - How did Gurinder find the deal?
03:30 - What was the cashflow when the unit was purchased?
05:00 - Location features
07:15 - How much did it cost Gurinder to pay the tenants to move out?
07:48 - How to do Cash for keys as smooth as possible?
10:38 - How much rent is expected off of this property?
11:13 - Cost of the cosmetic work per unit?
13:58 - What will be the appraisal value of the property?
16:28 - Information about CMHC and MLI
18:07 - Final tips for viewers


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