STEVEN MILLS | REALTOR®
INVEST IN PROPERTY.
GROW YOUR FUTURE.
STEVEN
MILLS
I'm a licensed REALTOR® with Royal LePage Signature and a designated Real Estate Investment Specialist™.
I have worked in the capital markets for two decades helping public companies attract new investors. Today, my focus is on helping clients build long term wealth through cash flowing real estate.
Book a free strategy session on how to get started building your real estate portfolio and recycling your way to retirement.
RECENT CASE STUDIES
SOLD: Granville purpose built CMHC MLI Select 8-plex building
As a qualified investor, using 5% down to purchase cash flowing real estate is a game changer when it comes to building wealth. This is a brand new build that is estimated to be completed by Dec. 2025.
$2.38M
purchase for a newly built
8-plex building
5%
or $119K down
$177K
rent,
$131K Net Income
$26K
Projected Cashflow after mortgage
$14K
Annual mortgage paydown
21%
cash on cash return per year
34%
total return per year before any appreciation
Potential ability to refinance in a year and return the original downpayment
As a qualified investor, using 5% down to purchase cash flowing real estate is a game changer when it comes to building wealth. The nice thing with this one is it's already in progress and is estimated to be completed by August 2025.
$2.32M
purchase for a newly built
8-plex building
5%
or $116K down
$169K
rent,
$123K Net Income
$17K
Projected Cashflow after mortgage
$14K
Annual mortgage paydown
14%
cash on cash return per year
27%
total return per year before any appreciation
Potential ability to refinance in a year and return the original downpayment
SOLD: Inglewood purpose built CMHC MLI Select 8-plex building
Risks
-
You have higher leverage with only 5% down
-
Harder and longer to qualify
-
As with all real estate, if rents drop then your cash flow drops
-
CMHC is regularly changing their rules
-
New construction could always take longer
Pros
-
Your deposit is secured to a cash generating asset
-
Major maintenance is covered by new build insurance for the next 2-10 years
-
Interest rate security for the next decade by having the ability to lock in a rate of around 3.7% for 10-years
-
Potential ability to refinance and return the downpayment in the next 12-24 months
Long Term Wealth building
If we believe the long term value of properties will increase at 5% on average every year due to inflation and governments printing money (it has been 7% the last 25-years), then 5% down gives us a total passive return of over 100% every year...on top of the cash flow and on top of the mortgage being paid down.
The Canadian Government is mandating that more affordable housing needs to be built for Canadians and they support this cause with attractive loans for qualified builders and investors.
Looking for your next home?
Visit my Royal LePage Signature site.
