Thankyou from Winnipeg, REIN Members

You and I just recently met at the REIN Multi-Family Investing Boot-Camp. After seeing the materials, presentations, and most importantly the people that were at this conference, I have to say I’m quite impressed. I’ve been to a number of real estate, investing and stock market seminars and none have quite come close to providing this amount of detailed information.

The reason I’m following up with you is simple – we met, and I’d like to keep the contact fresh. I’m a Winnipeg Investor and am staying very focused on Winnipeg. Most of you that I spoke with seem to have an acute interest in Winnipeg, and I can’t say I blame you. The properties are extremely cheap, which makes breaking into the game that much easier. Even with the rent controls as they are, there are some gems out there where the ratios just work, and really make you give your head a shake.

If you have even a slight interest in investing in Winnipeg, I urge you to stay subscribed to this blog. Over the winter my plans are very simple – optimize and automate my existing properties, and analyze as many new ones as I can find. When April hits, I have made plans to hit the ground running, and will be buying more properties with a vengeance.

Now, I know you and I spoke about some of the opportunities that exist in Winnipeg, however it’s truly a lot more believable to see the numbers on paper. Using some of the education that REIN so graciously provided me with this past weekend, I’ve updated my analysis on my 5plex for you below.

Cost $185,000.00
Initial Investment $13,404.83
Gross Income $28,596.00
Effective Gross Income $28,119.40
Operating Expenses $11,119.34
Debt Service $10,748.96
Cashflow $6,727.70
Principal Reduction $3,193.15
Operating Expense Ratio 39.54%
Cash on Cash Ratio 50.19%
Appreciation 27.60%
Principal Reduction 23.82%
1Y ROI 101.61%
Cash on Cash Plus 74.01%
CAP Rate 15%

Don’t know about you, but I’m liking the Cash on Cash Plus return. I also analyzed my duplex and it has a similar CAP rate, though the cash return is only about 50% (darn).

If you are still interested in Winnipeg, feel free to contact me back, or, simply stay subscribed to this blog. I promise you there will be no cash calls, advertisements, or anything other than a simple conversation between me and you.


Cian Whalley
Somewhere Real / Real Investments

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