Pick up the phone and start dialing Jordan Belfort — The Wolf of Wall Street
Pick up the phone and start dialing, Jordan Belfort — The Wolf of Wall Street
Two brothers , two Oz & one vision. Built to hold. Hold to grow.
01 The Structure Before the first key, the company itself has to be built properly.
Holding company above the property corporations when appropriate Properties or risk groups split by size, financing and liability Separate bank account, bookkeeping and records per corporation Shareholders agreement: ownership, voting, capital, guarantees, distributions, exit Property and liability insurance in place before closing REQ filings, ultimate beneficiaries, corporate records and tax filings kept current 02 The Deal A deal is decided on paper long before it is decided at the notary.
Underwrite on verified leases, current rents and actual expenses Keep today's NOI separate from potential upside DSCR of at least 1.25× — or the lender's minimum, whichever is higher Budget vacancy, repairs, management, municipal and school taxes, insurance, utilities, capex Montreal transfer duties and all closing costs inside the acquisition budget Promise to Purchase conditional on financing, inspection and due diligence Notary verifies title, hypothecs, servitudes and registrations before closing Three to six months or more of operating and debt service reserves Lender and financing relationships established before serious offers 03 The Team Nothing here is done alone. These are the people that make it work.
Partners — capital, strategy, decisions, accountability Commercial broker — sourcing, negotiation, market knowledge Mortgage broker or lender — financing and refinancing CPA and tax advisor — structure, taxation, books, reporting Notary — title, hypothecs, deed of sale, closing Corporate or real estate lawyer — agreements, contracts, protection Insurance broker — property and liability coverage Appraiser — valuation and lender requirements Inspector or engineer — physical due diligence, major building issues Property manager — tenants, rent, maintenance, daily operations General contractor and trades — repairs, renovations, capital projects What we buy Land, rental properties, houses and commercial real estate in Montreal, held for the long term Development land, rental and multi-residential buildings, single-family houses and commercial real estate across Greater Montreal — bought with our own capital and held, not flipped.
Owner, broker or partner with a Montreal property or a joint venture, use Contact see what we look for in Montreal .
Holdings OZ · Montreal, Canada
