Recent content by Martin1968

  1. Martin1968

    How many markets should you be in as a rookie?

    Aha, that makes sense then. You tried SFH, even suited and the return was not what you expected. That can happen. It's a learning curve to invest in RE, don’t give up to soon. Stick with it Beating the indexes is maybe only for the smart investers out there then.
  2. Martin1968

    How many markets should you be in as a rookie?

    Matt, the disconnect between you, me and the large majority of investors on this forum is that we invest our OWN hard earned money and put it to work in markets that we know can earn us a return. And a damn good one if you ask me. You, on the other hand, are investing others peoples money...
  3. Martin1968

    How many markets should you be in as a rookie?

    I can go along with most of this. Looking at expected average returns mentioned, this is how it is for any investment, for example investing in a business, what location, sq footage, what market, paying a higher location price in order to have great exposure and to be close or in the market you...
  4. Martin1968

    New home owner and investment advice

    Congrats! Having a good net worth is very helpful. I’m sure you will get lots of good advice (and possibly some bad) but assuming you also have a working income you would not need to take out a heloc to purchase a primary residence. You should be able to qualify for a conventional mtg, and you...
  5. Martin1968

    How to evict a shared occupant?

    That’s where I would start to. Just give him a written notice that his lease won’t be renewed and he will have to vacate (by noon) on the 31 st of July. That’s all that you have to do. I would be prepared tho in case he is indeed is going to stay. If not vacated on July 31 he now needs to be...
  6. Martin1968

    How to evict a shared occupant?

    This is odd. You are renting and then sublet without the landlords approval? What does your own contract say that you have with your landlord? And for the rest, if your tenant signed a 1year lease in Alberta you can simply tell them you won’t renew lease and they will have to leave. No eviction...
  7. Martin1968

    young beginner real estate investor looking for advise

    Of course you can hit those returns. You can even hit higher. Think private mortgage investing and plenty of other high paying investments. But consistently over 25 years? Nope doesn’t exist. People investing with Walton back in the days hit good returns as well.......well.....at least for a...
  8. Martin1968

    young beginner real estate investor looking for advise

    Morning! That’s fantastic. You must make more money then you can spend I’m sure, so spend it wisely. Expensive cars and other ‘wants’ will not get you were you may want to be 20 years from now. Life goes fast......if I had to do it over again I would buy RE at 20. There is a very good post...
  9. Martin1968

    How many markets should you be in as a rookie?

    Luke What ‘system’ are you talking about? And.......all nice and dandy to break down markets in categories but what is your aim? I can tell you, as someone that knows both markets you are interested in from an investment type of view, there is only one ‘market’ that interest me personally...
  10. Martin1968

    Best market in Canada

    I would not disagree with that but as an investor I’m in the business of creating a profit and not trading dollars for dollars. If you add a suite, garage or an extra bathroom at retail price, then the trick is to build these additions that create extra value, for way less then retail...
  11. Martin1968

    Best market in Canada

    It’s all very one side response if you ask me. But I think I need to keep in mind that you are a real estate analyst? Correct? It’s about the same to me as when I ran my own businesses, I had (have) a very good accountant that I definitely needed when it came to making good choices on the money...
  12. Martin1968

    Best market in Canada

    I too find SFH not very attractive as an investment, but cashflow of $500.00 IMO is pretty good. And the 15% management fee, who would pay that to a prop manager as you can do a way better job managing yourself. Missing in the calculations is mortgage pay down as well as assett appreciation...
  13. Martin1968

    young beginner real estate investor looking for advise

    Work hard and put in extra hours at work, pick up a second job at Tim’s or something alike. At 20yrs old, live with your parents for another year or 2, (even room and board is cheaper then moving out) Drive a cheap vehicle, or walk, take a bike or public transport to work. And if you have a...