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Recent content by magoomba

  1. M

    How soft is the Calgary rental market right now?

    I have a nicely renovated 3BR main floor near Fish Creek Park that`s not generating much interest at all. Previously rented for $1350 (tenant paid the utils). And that was before the renovations. Now I have it listed for $1350 and utils are included. Is it because nobody likes to move in the...
  2. M

    How much rental supply would come from legalizing suites?

    Agree with Dave. There`s already a truckload of illegal and non-conforming suites. Many tenants already rent them. We tried to do a legal conversion a while back but the rules are so "bass ackwards" that we ended up just renting out the entire house.
  3. M

    Sell or get a bigger mortgage?

    QUOTE (ThomasBeyer @ Sep 15 2010, 02:36 PM) That depends on your PERSONAL situation, namely: a) level of income b) comfort with high debt levels c) likelihood of layoff / sustainability of income d) cash availability e) desire to live in a nice property (more expensive, more debt) vs. a smaller...
  4. M

    Sell or get a bigger mortgage?

    We`re looking at buying a primary residence next year in Vancouver. My question is whether to sell one or more of our properties in Alberta to finance the purchase or if we should simply carry a bigger mortgage on our primary residence. The properties consist of 3 detached houses in Calgary and...
  5. M

    Washington State recreational property thoughts?

    otooQUOTE (ThomasBeyer @ Jun 24 2010, 05:17 PM) but aren`t those the months that you would go yourself ? Who wants to go to a cold lake in WA in November ? Assume you go when others go too ! .. Can you afford the upkeep and mortgage costs ? Do you ALWAYS want to go to the same place ? if yes to...
  6. M

    Washington State recreational property thoughts?

    We live in Vancouver. Recently wife and I have been discussing about possibly purchasing a recreational property south of the border. Yes, I am aware of the fact that one could easily get a hotel off Priceline for cheap each time we venture down. However, we`re not interested in staying at...
  7. M

    Olympic Effect

    QUOTE (ThomasBeyer @ Feb 8 2010, 06:17 PM) I expect a DROP of price for 3-6 months after the event due to a) glut of condos coming on market in Olympic Village (7000+) and b) HST on July 1, 2010, and c) too strong a rise from 1Q 2009 to 1Q 2010 already .. way too fast for any real economic...
  8. M

    New Rules - Lower Prices?

    I don`t think this is necessarily bad for the long term investor. Yields may start getting better.
  9. M

    Looking for Calgary contractor for basement renovation

    QUOTE (marcp @ Feb 18 2010, 09:03 AM) That is exactly what my contractor specializes in. His company is Reno By Design, his name is Patrick Labrecque, his number is 403-829-4754. Mention you`re a REIN member. Cheers. Thanks Marc.
  10. M

    Critique my classified advertisement

    QUOTE (housingrental @ Feb 17 2010, 10:19 AM) Any thoughts at all? Rental ads are useless without prices. Everything is online now. Today`s students are mobile and tech savvy. Ditch the student newspaper and get online.
  11. M

    Critique my classified advertisement

    QUOTE (housingrental @ Feb 17 2010, 10:19 AM) Any thoughts at all? Rental ads are useless without prices. Everything is online now. Today`s students are mobile and tech savvy. Ditch the student newspaper and get online.
  12. M

    Looking for Calgary contractor for basement renovation

    Hi there,Can someone recommend a contractor to do the following work? The property is in Whitehorn. Thanks. Basement renovation specs –Whitehorn Bathroom · Demolish old bathroom · Move sink and toilet pluming · Install bathtub sink and...
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