Hi James, I'm a Realtor in Edmonton that has had experience helping many REIN investors find quality investment properties. I can supply references from members I've worked with if that would help. Feel free to call me directly at 780.965.7029 if you need/want assistance. Thanks and I...

Hi all, I haven't visited this forum in awhile...I am still a Realtor in Edmonton and I am still doing LTO's in the Edmonton area, however, I recently became involved as a partner in my families business which is building homes. We own a 30,000 sq ft facility and can build Modular OR...

Thanks Thomas... I really like that idea. Are there two professional in Edmonton that you'd recommend? ;) Thanks again for your advice!! Lucas

The building is not in REALLY bad condition. The reason it is empty is due to the fact that the owner had a bad experience and is not capable of turning the project around due to age, abilities etc...I agree with the testing BEHIND the walls. I think that I can defer payments (it will be...

Thomas, In analyzing the debt service, what can I expect for an interest rate and amortization period. I used 4.5% and 30 years. I will eventually going to the bank for 50% of the purchase price. As well, what would you consider a fair offer on the seller financing portion. We had...

Thanks Chris. I appreciate your comment. It is definitely important to try and get relevant and specific data when do the analysis. I am looking in the west/central (Inglewood, Westmount, Sherbrooke) area of the city. What are your thought pertaining to multi-family buildings in those areas...

Thanks Thomas. The seller is offering 100% financing. There are some repairs so I intend on completing those and tenanting the building. Once fully tenanted, I will seek bank financing. The seller has agreed to continue carrying up to 50% of the financing. We have to finalize a price...

To clarify... Utilities being the heat (central natural gas boiler w/ baseboard heat), water/sewer, electricity and garbage. Thanks again!! Lucas

I am analyzing a deal right now that has me purchasing a 20 suite apartment building in Edmonton. There are a few numbers I am not too clear on and would appreciate help from experienced Edmonton Multi-family experts. Due diligence costs (i.e. general inspection, boiler inspection, roof...

Good information. However, a gift that is "non-arm's length" is not allowed. For instance, if the money was gifted from a family member it would be OK...from an investor that you are not related to, it is likely that a gift would NOT be accepted. Ask your investor if they would be willing...

Btw Adam...What does the +1 mean? Lucas

That is a very unfortuante story. I'm a Realtor in Edmonton and have sold many condo's to many different investors. While its impossible to guarantee that a complex is without major structural and/or latent defects, one can significantly mitigate the risk by doing an interior inspection of...

Mehmet raises quality points...Clearly understanding your sellers motivations is key to creating a solution that will benefit both parties. As well, properly planning your involvement in the deal is vital in ensuring your success...and consequently the sellers. If you intent on finding a...

Hi Michael, As mentioned, it really depends on what the property is worth and what you negotiated as your monthly AFS payment. If there is an equity buffer (i.e. more than 20k) and your monthly payment + expenses (AFS payment + Taxes + insurance + management + maintenance + Vacancy +...

Thanks for the reply Greg. I too have seen my share of "the gross under-estimation of related costs" in this business. The vast majority of investors, however absorb their negative cash-flow because they either have another business or a full/part-time job. Very few are full-time investors...

Fantastic story Jason!! I appreciate the clarity of your gratitude...Starting with God, then your parents and then your network. It sounds like you have a solid foundation going forward in your professional and personal life!! Congrats Jason and thanks for sharing!! Lucas Realtor, Remax...

Hi Les, I am an investment Realtor in Edmonton and would be happy to discuss your strategy in purchasing an investment property in Edmonton to see if I could help. I have helped numerous REIN members in the past and would be happy to impart recommendations at your request. Feel free to...

Hi Christine, I did a search for Don Gray using the search tool (upper RH corner) and numerous threads came up, some commenting on Don's service. I personally haven't used him or have I had clients use his services to my knowledge. I will ask my client base if they have though and let you...

Hi there, What would the monthy AFS payment be? What is the property worth if sold today, considering all selling fees (i.e. Realtor, Mortgage penalties, legal etc...)? Does the seller want you to put money down on the deal? I have done a few AFS deals successfully and my prime...

There is truth to Adam's posts and opinions when considering property appreciation from an analytical perspective. The original post is asking for that perspective and I am not attempting to hi-jack the thread from its original question. However I'd like to address the general foreboding...