Centaria Properties
88 West Pender St V6B 6N8 Vancouver, BC, Canada

How to Spot a Bargain? How to get potentially $120K in appreciation the day you are handed the keys? What does a good Deal look like? Insights from a Seasoned Canadian Investor. A Day in our Shoes. Just Purchased: $613,000 Appraised Market Value: $740,000 Next Door Neighbours house selling right now Asking: $870,000... #CanadianRealEstate #Realestateinvestment #Investor #Dayinourshoes See more

3 Steps to Achieve the Real Estate Investor Mindset Creative Director: Even Cai Patrick Leung ~ Senior Managing Partner of Centaria Properties, holds over 20M in Canada. Over Units 225. Interviewer: Clarissa Lao ~ Junior Managing Partner

Life is a game, how you play the game of Real Estate is similar to how you would play the game in Real life. Having an Investor at the table with over 15 years of experience in Real Estate Investment: Patrick Leung, brings the game to a whole other level. So what are some of the incredible breakthroughs our friends have gotten?

Decision and Timing for Multi Family Apartment buildings 670 Cameron 17 units apartment building Purchased for $800,000 Dec 2015 @ $47,000 per unit. It was slig...htly higher than what I paid at $40,000 per unit just few months ago when I purchase my other 20 units apartment. But being in the Game in windsor, I felt that prices would fly off the charts. We got ScotiaBank to finance our deal and also with a private investor loan at $150,000 with 12% Interest. Today just as is, we the market is selling at $70,000 to $80,000 per Unit. Coming to over $1,200,000, this Decision and Timing has created an upside of $400,000. When we purchased the property the units rents for $600 to $650 roughly $625 x 17 = $10,625 Rental Income per month Est at 50 % cost of operation we are running at $5,000 Net Income Our plans are to invest another $150,000 into the building to upgrade heating efficiency saving us at-least $1,500 per month. We are working actively with Management to increase rents pushing to $850 to $900 per unit. Which will look like this. $850 x 17 = $14,450 Operating Cost = $3,500 $11,000 Net Income per Month For an average person to retired, owning a few apartment buildings like this would be a good solid long term source of income. I will be doing a cashflow game event back in Vancouver. Those interested just comment below and reach out to me. Thanks

Lower end area last to get paid I just like to share with you, real estate investment has its ups and downs I invested in this house 2007 for under $280,000 in ...Surrey bridgeview area. It took me 10 years and now its worth over $500,000. Along the way because its in a bad area we had damages and non payment of rents. Multiple evictions happened. We did all we could like filtering out 50 tenants to pick up. Still it is costly. Our total cost would sum over $30,000. So we put $95k into this and got $200,000 equity gain. Timing is important too, if we just sold 2 years ago. We would not have make any gains. In real estate you also need to ability to hold on and stay in the game. Mentally it is tough holding lower end properties. Now that prices has gone up its always a better idea to trade it for better locations. If i just spend 40k to 60k more to buy a better location in my return would be 300k to 500k