Thank you, will be watching and waiting

Hi, I am looking at a 8 plex in Edmonton, near college etc.. What kind of cash on cash returns have you aimed for with success in this type of town? As well as ROE? What are the lowest returns on multifamily you would accept?

Mortgage broker said it would be around 2600$ a month mortgage, would he be including CMHC fees already? Myron Bas

Main driver of this deal would be the 5% down, owner occupy.. The equity being built from debt pay down is $8000, total initial cash would be around $40,000.. 20% ROI from that alone.. If fully occupied.. Myron Bas

I look at what kind of rents can each unit get, how hard is it to find tenants, how much cash will I put in initially.. My main decision is based on cash on cash return and the fundamentals that support the return.. Well actually this one would just be ROI because of the low down payment option...

How do you increase deal flow? Need to increase the amount of deals that are analyzed.. I am near Edmonton.. Looking for apartment buildings, value add, type of deals.. Myron Bas

Looking at small town 4 plex.. They are willing to sell for $515k.. 3/4 full.. They don't seem to want to show me 2016 financials though lol.. I believe it is not legal 4 plex.. Would you do an inspection on it for sure? I know the building decently.. Plus side is its in my main area of...

Very basic questions lol

Oh there you go, I see your other posts, Ill send you my email as well..

So insured 85% mortgages, does that mean you put 15% down or how does that work? What are the impacts of CMHC accepting purchase price as market, why does it matter? How do you search for deals and how many deals does it take to find the right one? 10% cash on cash is good!

Thanks, update on it: I shut the deal down because the competitive rent advantage is gone.. I am keeping an eye on the region though, keep my finger on the pulse of oil.. Will focus on growing my trucking business, as well as look for another business to buy or maybe partner up with someone for...

Electric is separately metered, gas is not.. Hmm ok, that chews through my margin for error, now its not a good deal, its priced correctly according to how the market looks.. The question now is ," will people move to save $200/ month?" In a town with vacancies like this, I liked the deal...

Hey guys, there is a problem with my gas and electric annual expense assumptions.. I estimated $8000 a year for the 1985 building, 5000 sf, gas and electric together.. It has a 2009 boiler.. I used the bills from this year, with building empty, both gas and electric came up to $5200 for first 3...

Ok, who has my money this afternoon!

Whoa, I see what you're saying now, that's definitely no small thing! 80 units here is insane man lol.. I'm in Fox Creek now, investigating the town, I am looking at an off market deal I'm being offered.. I'm being told the region produces alot of condensate.. If the area has this decent amount...

Thanks Martin, I appreciate it.. It's a go then Myron Bas

http://www.jwnenergy.com/article/2017/10/husky-applies-400-million-new-thermal-oilsands-project/ I'm not too sure of its implications, 10,000 barrels a day.. The biggest project in the region is now controlled by CNRL, 19,000 B/D.. I called the Husky development coordinator for this project and...

Thank you guys for the replies! Very very helpful.. That said, I double checked if it's on reservation land, it is not.. As for selling later, I'll take it into consideration, I'll tweak my assumption on sale price alot lower and it still works, if this area comes back it will be very worth it...

I will manage it myself.. Ill have 100k of debt on it, I believe that amount of leverage is perfect, not too little and not too much.. I need the property management experience and to see how these small apartments in oil exposed towns tick.. Depending on if I get slapped or not, on this deal...

The building is trashed, my plan for taking care of the local stigma is to make the exterior clean and fresh with a whole new exterior paint job.. I believe that may have the psychological effect of helping people change their minds on the building.. Lol have you heard of anyone doing that and...