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BUILDING WEALTH THRU
REAL ESTATE RENTAL
ASSETS –LIVED EXPERIENCE
INVESTING IN RENTAL PROPERTIES IN ALBERTA
PRESENTED BY TONY MAMMONE P.ENG. –INVESTMENT REAL ESTATE
PROPERTY OWNER
SERVUS CREDIT UNION THURSDAY 6:30-7:30 PM NW BRANCH
OUTLINE
BUILDING WEALTH THRU REAL ESTATE RENTAL ASSETS –LIVED
EXPERIENCE
• The benefits to building Real Estate Rental assets –lived
experience story
• The current marketplace
• Bank regulations
• Inventory
• What do I look for in a Rental Investment Property
• Community
• Location
• Appreciation
• Cashflow
OUTLINE
BUILDING WEALTH THRU REAL ESTATE RENTAL ASSETS –LIVED
EXPERIENCE
• Finding Opportunity
• Buying at the development stage
• Real Estate agents
• Drive
• Where do I get the cash for down payment
• Investment Opportunity Web Tour ;The Villas On Monteith
• Web site
• Proforma
• Servus Credit Union- How can we help with financing?
FINDING OPPORTUNITY – LIVED EXPERIENCE
MARKET SCAN
• Rental demand outpaced supply gains, pushing the vacancy rate
down The apartment vacancy rate in the primary rental market in
Alberta’s urban centers was 7.5% in October 2017, down from a
high of 8.1% in October 2016.
• This represents the first decline after three consecutive years of
increases. Economic conditions have improved compared to the
previous year contributing to an increase in rental demand.
• The number of occupied rental units in October 2017 rose by over
4,800 units on a year over- year basis, outpacing the increase in
new supply.
FINDING OPPORTUNITY – LIVED EXPERIENCE
THE VILLAS ON MONTEITH TOUR–
IMMEDIATE INVESTMENT OPPORTUNITY
http://www.thevillasonmonteith
CALCULATING PROFORMAS MONTHLY
• Rent $1800
• Mortgage (Variable, LOC, combined) $1150+-
• Taxes $180
• Condo Fees $275
• Insurance $100
• Vacancy , maintenance 2%+-
• Cash flow MONTHLY Potential $265
• UTILITIES $60 (Tenant Pays) - Electricity,Gas- heat, Hot water,Water,
sewer, garbage
SERVUS CREDIT UNION –INVESTMENT
PROPERTIES
• Servus Rapid team service!
• 48 Hours qualification
• Alternate credit access approaches
• Appraisal & Mortgage approval steps
• How many units can I buy?
• Other supports

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Building wealth thru real estate rental assets lived experience

  • 1. BUILDING WEALTH THRU REAL ESTATE RENTAL ASSETS –LIVED EXPERIENCE INVESTING IN RENTAL PROPERTIES IN ALBERTA PRESENTED BY TONY MAMMONE P.ENG. –INVESTMENT REAL ESTATE PROPERTY OWNER SERVUS CREDIT UNION THURSDAY 6:30-7:30 PM NW BRANCH
  • 2. OUTLINE BUILDING WEALTH THRU REAL ESTATE RENTAL ASSETS –LIVED EXPERIENCE • The benefits to building Real Estate Rental assets –lived experience story • The current marketplace • Bank regulations • Inventory • What do I look for in a Rental Investment Property • Community • Location • Appreciation • Cashflow
  • 3. OUTLINE BUILDING WEALTH THRU REAL ESTATE RENTAL ASSETS –LIVED EXPERIENCE • Finding Opportunity • Buying at the development stage • Real Estate agents • Drive • Where do I get the cash for down payment • Investment Opportunity Web Tour ;The Villas On Monteith • Web site • Proforma • Servus Credit Union- How can we help with financing?
  • 4. FINDING OPPORTUNITY – LIVED EXPERIENCE
  • 5. MARKET SCAN • Rental demand outpaced supply gains, pushing the vacancy rate down The apartment vacancy rate in the primary rental market in Alberta’s urban centers was 7.5% in October 2017, down from a high of 8.1% in October 2016. • This represents the first decline after three consecutive years of increases. Economic conditions have improved compared to the previous year contributing to an increase in rental demand. • The number of occupied rental units in October 2017 rose by over 4,800 units on a year over- year basis, outpacing the increase in new supply.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15. FINDING OPPORTUNITY – LIVED EXPERIENCE
  • 16. THE VILLAS ON MONTEITH TOUR– IMMEDIATE INVESTMENT OPPORTUNITY http://www.thevillasonmonteith
  • 17. CALCULATING PROFORMAS MONTHLY • Rent $1800 • Mortgage (Variable, LOC, combined) $1150+- • Taxes $180 • Condo Fees $275 • Insurance $100 • Vacancy , maintenance 2%+- • Cash flow MONTHLY Potential $265 • UTILITIES $60 (Tenant Pays) - Electricity,Gas- heat, Hot water,Water, sewer, garbage
  • 18. SERVUS CREDIT UNION –INVESTMENT PROPERTIES • Servus Rapid team service! • 48 Hours qualification • Alternate credit access approaches • Appraisal & Mortgage approval steps • How many units can I buy? • Other supports