Our
with safe, sound, and honest
opportunities
to make superior returns on their real estate investments
while treating with respect and integrity
our team members, buyers,
tenants, the
environment
and the neighbourhoods in which we conduct business.
We have five different strategies we plan on using over the next seven years to grow our business and help our investors make a remarkable ROI.
The first strategy (which we are using currently) is to buy a property at a very low price (if you know where to look, there are many of those around), do some minor renovations (mostly cosmetic), and sell the property quickly—all within 100 days from purchase to closing on the sale. That strategy we call buy-fix-sell.
FYI: The type of investments we are currently seeking are Cash Investments (HICI-Plan) for down-payments, Joint Venture Partnership (JVP-Plan) and Arm's Length Mortgage Plan (RRSP) for mortgages. You can find out more about those 3 Plans on the page Investment Plans.
Our second strategy is what we call buy-hold-rent. That means we buy properties with the intent of keeping them for a few years and generate a cash-flow from rental income. Those will include single family townhomes, bungalows, split-levels, duplexes, triplexes, fourplexes and even small apartment buildings. We will start using that strategy very soon.
The third strategy, which we have just started to implement is called “lease-option”. It’s a variation of the buy-hold-rent strategy. We buy a house that someone with poor credit wants to buy but can’t because they can’t qualify for a mortgage. They lease the house for a pre-determined term (two to four years) after which they buy the house at a pre-determined price. We love this strategy because it enables us to help people get into a house that they like while rebuilding their credit. Win-win at its best!
The fourth strategy is Daniel’s favorite. Because it requires a massive amount of capital though, it is a strategy we won’t be able to implement until 2011 or 2012. But we can’t wait! This strategy we call buy-bulldoze-build. We buy two or three neglected houses on adjacent lots, we bulldoze them, and we build in their place a nice row of five to seven townhouses which we then rent or sell. We are anxious to get started with that because we want those new constructions to include a lot of green technologies.
The fifth strategy will be our crown jewel. We are already working on plans to build in Ottawa (we have already found a location) a 15-storey condo tower with 100 units, very modern, very chic, and very green. At this stage it is difficult to know exactly when we will be able to undertake this project, but it will more than likely be in 2015.
And that, in a nutshell, is what we do, and plan to do.
Would you like to be a part of this?
Daniel G. St-Jean & Laurel R. Simmons
Professional Real Estate Investors