I too decided to eat my losses and fired ADP in January 2012. Am now using Cornerstone Select. As Mark L says, they are good and there are a few others that I hear good things about as well.
Andrew Williamson,
Sales Representative,
The Williamson Team
Keller Williams Advantage Real Estate
QUOTE (ThomasBeyer @ Sep 22 2010, 12:31 PM)
indeed .. have a look at 26+ influencers of items to consider when buying an apartment building: http://myreinspace.com/public_forums/Real_Estate_Discussion/62-14548-Buy_vs_Build.html
Multi-Family Primer in May 2009 Issue of Canadian RE Magazine...
Tnank you to all that have replied.
Since I wrote the initial post I have been doing alot of homework in that market. 9-10% CAP is available but in "dodgy" areas. In the better areas 6% is the norm.
The points are all well taken about the veracity of the calculation. Most of my first cut...
looking at purchasing a 6+ multi-family property in Ottawa...from others experience is a 10% CAP rate reasonable to expect in this segment of the Ottawa market?