Recent content by Fortuneinvesting

QUOTE (JimWhitelaw @ Aug 26 2009, 04:19 PM) No, I didn`t miss that point. I simply commented on an additional aspect of the story - your experience could have been vastly improved by a teller that did their job more effectively. Anyway, thanks for sharing that funny story. Completely disagree...

QUOTE (invst4profit @ Jun 24 2009, 07:51 AM) Expenses generally consume 40-50% of your monthly rental income. Expenses are by far the least understood and a primary contributing factor in the demise of novice investors. Expenses include items such as legal, accounting, advertising, taxes...

QUOTE (invst4profit @ Jun 23 2009, 07:03 AM) With a potential rent of only $1100/month you will have to get it for a lot less if you hope for positive cash flow. Your expense estimates are far too low. They will more than likely be in the range of $400-$500/ month long term plus dept repayment...

QUOTE (DanBarton @ Jun 22 2009, 01:53 PM) Humm interesting... I live in Victoria, and we don`t understand the numbered street system here. In fact I might rate Victoria one of the worst for getting around in and I think it may be so that people can`t leave the island as they get lost...

QUOTE (invst4profit @ Jun 22 2009, 02:00 PM) How much rent are you likely able to get on a home that size in your area? What are the taxes like? It`s a fairly hot market right now, population just grew 11.6% (Calgary Herald, City & Region, B1, June 22, 2009). I`ve been watching the housing...

Thanks Peter. I`ve sent it off to my broker now. Appreciate the help you guys.

QUOTE (MikeMcCrae @ Jun 22 2009, 10:31 AM) Modular homes are harder to finance. I have usually found that once you factor in the lot rent you can usually by a real house for about the same monthly payment. Owning the land is where the value is. Thank you Mike! I was unaware of the lot rent...

Hey guys, I`m considering this place here: http://www.realtor.ca/PropertyDetails.aspx...pertyID=8043611 How much less than a house can I expect for rental and how to banks view modular homes? Anything else to consider? Cheers

If I`m reading it right then if you had to sell it to get your money back you would have to have $153,000 over the $400,000. You stated thats it would be worth $525K - $550K. Doesn`t make sense to flip it. I would hold and let that value increase over the years then look at selling.

QUOTE (RedlineBrett @ Apr 28 2009, 01:34 PM) Between this and all the speed on green tickets they`re handing out there should be no shortage of $$ for our city council to work with. So hurry up and give me my ring road! And give my tenants that west LRT already! Couldn`t agree more with your...

Here`e the calculator for Alberta: http://www.servicealberta.gov.ab.ca/978.cfm And here is the table of interest rates, For this year (jan 1 09 - dec 1 09) 0% is required. http://www.servicealberta.gov.ab.ca/1033.cfm

Used Rentfaster.ca and Kijiji to rent a place in Okotoks out in 3 days. Main source was rentfaster.ca

QUOTE (bizaro86 @ Apr 27 2009, 11:56 AM) You asked about two things, house insurance and condo insurance. They aren`t the same, as the condo corp is required to carry insurance for fire, etc, whereas with a house you`re on the hook for the whole amount. I just insured a 2 bedroom condo in...

Just looking for some guidance on average values for house insurance and condo insurance in Alberta to use in my calculations. Im using $60/Month at the moment. Thanks

QUOTE (kboughen @ Apr 24 2009, 03:32 PM) The bank will end up listing the property with an agent and it will be back on MLS soon. It will be interesting to see what the bank lists it for, compared to the previous owner. AKA: Keep us informed! Cheers!