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您的位置： 文学城 » 博客 »大家讨论一下这种SLOW FLIP的可能性及风险？（附详细的CASE）

大家讨论一下这种SLOW FLIP的可能性及风险？（附详细的CASE）

2014-11-28 12:39:40

alwayswithyou99

alwayswithyou99
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http://www.urbancityproperties.com/duplex-conversion/


The approach is to
    - buys C properties in B neighborhoods that are on their way to becoming A neighborhoods;
    - adds a second suite and renovates to attract high-end tenants (how big the market?);
    - refinances, pulling most of the initial investment out
    - holds the property for a period of time, capitalizing on strong cash flow (min. $1,000) during the holding period and on above-market appreciation (due to gentrification)
 ?

This is our latest project that we are very proud of, located in HillCrest Village in the St. Clair West area

Copy of untitled (34 of 54).jpg
48-Winnet-Ave-basement (14 of 28).jpg
INVESTMENT CRITERIA

Invest in areas that meet the following criteria:

  1. Public transit accessible with high walkscore (80+) rating
  2. Have good school with good Fraser report and EQAO ratings
  3. Great neighbourhood & community feel, eg. Wychwood Barns, The Beaches, Greektown...
  4. Strong potential capital appreciation 
PROJECT OVERVIEW
  1. Turn single family property into legal duplex to maximize cash flow
  2. High quality modern finishes to attract high paying professionals
  3. Timeline from closing: 4 months renovations + 2 month contingency
  4. Renovation budget with contingency $180k
  5. Restructure financing after renovation completion and tenants' occupancy to recover capital costs 
PROJECT STEPS
  1. At offer acceptance, design & permit process begun
  2. Involved trades were notified of project timeline and time commitment required from them
  3. Design drawings provided to trades and site visits were conducted to go over project details
  4. Committee of adjustment application submitted for legal duplex conversion
  5. Project was completed in 2 phases: main & upper unit followed by basement unit to allow for appropriate city permits and approvals for legalizing basement
  6. All work (structural, plumbing and electrical) was completed via permits and city inspections
RESULTS
  1. Completed renovations in 3 months from possession (1 month ahead of planned timing)
  2. Overall costs came in $3,000 under budget
  3. Both units rented for higher than initial cash flow analysis
  4. Property value after renovations is higher than projected
  5. Annual pre-tax ROI 27% on total capital investment of $153,000
LOWER UNIT - BEFORE & AFTER RENOS
Copy of untitled (35 of 54).jpgCopy of untitled (20 of 54).jpgCopy of untitled (19 of 54).jpgIMG_00000454.jpg
 
48-Winnet-Ave-basement (3 of 28).jpg48-Winnet-Ave-basement (13 of 28).jpg48-Winnet-Ave-basement (19 of 28).jpg48-Winnet-Ave-basement (20 of 28).jpg48-Winnet-Ave-basement (24 of 28).jpg48-Winnet-Ave-basement (27 of 28).jpg
 
MAIN UNIT - BEFORE & AFTER RENOS
Copy of untitled (54 of 54).jpgCopy of untitled (5 of 54).jpgCopy of untitled (6 of 54).jpgCopy of untitled (4 of 54).jpgCopy of untitled (38 of 54).jpgCopy of untitled (49 of 54).jpgCopy of untitled (47 of 54).jpgCopy of untitled (45 of 54).jpgCopy of untitled (43 of 54).jpg
 
48-Winnet-Ave-Photos (1 of 73).jpg48-Winnet-Ave-Photos (46 of 73).jpg48-Winnet-Ave-Photos (32 of 73).jpg48-Winnet-Ave-Photos (37 of 73).jpg48-Winnet-Ave-Photos (62 of 73).jpg48-Winnet-Ave-Photos (23 of 73).jpgUpstairs Bathroom-2.jpgBedroom2-1.jpgBedroom3-3.jpg
 
CASH FLOW ANALYSIS
Screen Shot 2014-07-30 at 3.35.40 PM.png

Opportunities for strong positive cash flow investment properties in Toronto exist. Choosing the right firm to work with is the first step

 

URBANCITY PROPERTIES INC

?


 
?
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大家讨论一下这种SLOW...
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alwayswithyou99

alwayswithyou99

大家讨论一下这种SLOW FLIP的可能性及风险？（附详细的CASE）

alwayswithyou99 (2014-11-28 12:39:40) 评论 (0)
http://www.urbancityproperties.com/duplex-conversion/


The approach is to
    - buys C properties in B neighborhoods that are on their way to becoming A neighborhoods;
    - adds a second suite and renovates to attract high-end tenants (how big the market?);
    - refinances, pulling most of the initial investment out
    - holds the property for a period of time, capitalizing on strong cash flow (min. $1,000) during the holding period and on above-market appreciation (due to gentrification)
 ?

This is our latest project that we are very proud of, located in HillCrest Village in the St. Clair West area

Copy of untitled (34 of 54).jpg
48-Winnet-Ave-basement (14 of 28).jpg
INVESTMENT CRITERIA

Invest in areas that meet the following criteria:

  1. Public transit accessible with high walkscore (80+) rating
  2. Have good school with good Fraser report and EQAO ratings
  3. Great neighbourhood & community feel, eg. Wychwood Barns, The Beaches, Greektown...
  4. Strong potential capital appreciation 
PROJECT OVERVIEW
  1. Turn single family property into legal duplex to maximize cash flow
  2. High quality modern finishes to attract high paying professionals
  3. Timeline from closing: 4 months renovations + 2 month contingency
  4. Renovation budget with contingency $180k
  5. Restructure financing after renovation completion and tenants' occupancy to recover capital costs 
PROJECT STEPS
  1. At offer acceptance, design & permit process begun
  2. Involved trades were notified of project timeline and time commitment required from them
  3. Design drawings provided to trades and site visits were conducted to go over project details
  4. Committee of adjustment application submitted for legal duplex conversion
  5. Project was completed in 2 phases: main & upper unit followed by basement unit to allow for appropriate city permits and approvals for legalizing basement
  6. All work (structural, plumbing and electrical) was completed via permits and city inspections
RESULTS
  1. Completed renovations in 3 months from possession (1 month ahead of planned timing)
  2. Overall costs came in $3,000 under budget
  3. Both units rented for higher than initial cash flow analysis
  4. Property value after renovations is higher than projected
  5. Annual pre-tax ROI 27% on total capital investment of $153,000
LOWER UNIT - BEFORE & AFTER RENOS
Copy of untitled (35 of 54).jpgCopy of untitled (20 of 54).jpgCopy of untitled (19 of 54).jpgIMG_00000454.jpg
 
48-Winnet-Ave-basement (3 of 28).jpg48-Winnet-Ave-basement (13 of 28).jpg48-Winnet-Ave-basement (19 of 28).jpg48-Winnet-Ave-basement (20 of 28).jpg48-Winnet-Ave-basement (24 of 28).jpg48-Winnet-Ave-basement (27 of 28).jpg
 
MAIN UNIT - BEFORE & AFTER RENOS
Copy of untitled (54 of 54).jpgCopy of untitled (5 of 54).jpgCopy of untitled (6 of 54).jpgCopy of untitled (4 of 54).jpgCopy of untitled (38 of 54).jpgCopy of untitled (49 of 54).jpgCopy of untitled (47 of 54).jpgCopy of untitled (45 of 54).jpgCopy of untitled (43 of 54).jpg
 
48-Winnet-Ave-Photos (1 of 73).jpg48-Winnet-Ave-Photos (46 of 73).jpg48-Winnet-Ave-Photos (32 of 73).jpg48-Winnet-Ave-Photos (37 of 73).jpg48-Winnet-Ave-Photos (62 of 73).jpg48-Winnet-Ave-Photos (23 of 73).jpgUpstairs Bathroom-2.jpgBedroom2-1.jpgBedroom3-3.jpg
 
CASH FLOW ANALYSIS
Screen Shot 2014-07-30 at 3.35.40 PM.png

Opportunities for strong positive cash flow investment properties in Toronto exist. Choosing the right firm to work with is the first step

 

URBANCITY PROPERTIES INC

?


 
?