Recent content by CorySperle

  1. CorySperle

    How many markets should you be in as a rookie?

    Yes you certainly can, but as a rookie why would you? Learn to swim in your backyard pool before attempting the ocean. When you are starting out your chances of failure increase dramatically the further away your asset is.
  2. CorySperle

    How many markets should you be in as a rookie?

    I am strictly an inter-provincial investor in two markets and it is one too many. The only property I own in BC (and plan to own) is the house in which I live. One of the WORST, and most expensive mistakes a rookie can make is investing far from home.
  3. CorySperle

    young beginner real estate investor looking for advise

    Seriously man? How many newbies have you seen who bought their first home for 5% down and held for 5 years or longer and lost money?.. How many newbies have lost money investing with so called "experts" in real estate and land deals loaded with upfront and ongoing fees, second mortgages...
  4. CorySperle

    How many markets should you be in as a rookie?

    The main reason why do it yourself beats investing in a 'suit' as you say, is you aren't charged the heavy and ridiculous fees charged regardless of performance, not to mention all of the shady dealings, bankruptcies, and ventures that go sour trusting your hard earned money to a 'professional'...
  5. CorySperle

    New home owner and investment advice

    Very good situation to be starting from, and many options for you but some great advice out there especially on being conservative and educating yourself extensively. You always want to consider your highest and best use of the capital you have available. Assuming you have 1.4M at your...
  6. CorySperle

    How many markets should you be in as a rookie?

    In my experience almost all markets I have seen have been cyclical, and nearly always follow the seasons spring, summer, fall, and winter. There are locations however, that are in eternal real estate winter, which would be the only linear example I would use. Timing markets to buy in is tricky...
  7. CorySperle

    Change of percentage of co-ownership

    This is unusual and can be expensive and complex and your likely far better off with one of you owning the property outright and taking out the other via refinance. The simplest solution of course is to sell said property, split the gains and move on. For example you need to know value at...
  8. CorySperle

    Toronto Is Booming!

    That's nice but would you buy a condo there ?
  9. CorySperle

    young beginner real estate investor looking for advise

    My advice would be to purchase your first property as soon as you can and with any means necessary to start building equity, that you can quickly springboard into other properties. I started with a single with a basement suite in 2000 when I was 26 years old, with 5% down. I was fortunate at...
  10. CorySperle

    Current commercial rates

    What province is this in? By needing major renovations I assume that all three are not performing as they should? It could be tricky to term them all out right away.
  11. CorySperle

    Toronto Is Booming!

    How's Toronto real estate doing these days?
  12. CorySperle

    Partnership breakdown of profits from a house flip

    This is a recipe for disaster and hard feelings for years to come don't do it. Chose either: A. Be the expert yourself and do everything and have one money partner and split the profits 50/50. Or.. B. Invest with a flipper with a solid track record of repeated sales and tax consequences that...
  13. CorySperle

    Multifamily in Edmonton

    Sounds like a bet to me Thomas! Say loser buys lunch? I also predicted Trump to win the presidency :) I truly hope your right, I do, but I've talked to a lot of folks as of late who believe otherwise.
  14. CorySperle

    Multifamily in Edmonton

    Another little nugget I will add, is that for the first time in a very long time investors need to carefully watch interest rates as there is little doubt now that rates will be 1% or higher in a year or two from now, even more. This needs to be carefully calculated into the CAP rate you are...
  15. CorySperle

    Multifamily in Edmonton

    I must respectfully disagree with almost everything in this response.. Like Thomas, MF Brokers are very reliable and I have not met a questionable one, but hey if buyers are uneducated and willing to pay more why not? Edmonton has many decent areas to make money, but White avenue is not one of...