Welcome to BC. Most buildings under rented. That’s why there’s rent controls laws in BC. Converting then presumably selling a strata building as condos is a long, expensive and arduous process involving surveyors, lawyers, banks, city councils, BC building code, reserve fund studies, engineers...

Rents for $900 plus utilities ? Might be ok if you buy ten to get some economies of scale. If you buy one with 20% to 25% down and zero cash flow it’s an ok investment and with 1% to 2% upside per year and $2000/yr mortgage paydown it’s an OK ROI but to make some significant money you have to...

Subpar upside as no new transportation coming. Avg growth like Edmonton at best. TH costs how much? Rent that can be realistically achieved is how much? I used to own in Castledowns and it was subpar.

Not as clear ie potential you owe nothing as landlord bears significant responsibility to collect full rent. Assuming they were sloppy and did not remind you, you would have a good case that you owe them nothing ! Take it to the landlord tenant board and they will likely side with you. What...

Try Joel Ellams with Century 21. http://joelellams.com/ Sent from my iPhone using myREINspace

Meercat Roofing 403-333-3032 Sent from my iPhone using myREINspace

Yes somewhat in BC, no in SK or AB, although cap rates always have been lower in BC than in AB or SK. Weak, if any, rent growth in AB or SK the last six years. More so in BC thus higher valuations but not necessarily cap rate compressions. Thomas Beyer, Asset Manager, Investor, Community...

Based on what? Condos? Condos make THE worst investment usually. How much money can you invest and how much time? REIN offers a great education and networking / incubation environment for folks like you. Invest in this most valuable real estate first: the 5 inches between your ears !!

Know the provincial law that is quite a bit different than English common law AND know the Quebec customs (ie mafia and bribes) AND ideally speak French AND read French - or know a trusted someone that can cover all 4 areas for you !! Sent from my iPhone using myREINspace

Unclear what the court precedence is on eviction if an isolated dog incident. Usually assault is cause for eviction. Demand damages anyway. If rent is in arrears evict on that. Research the precedent. Not as trivial as it may seem on an otherwise normal dog. Some insights here...

Assuming no new lease has been signed by default they are now on a month to month lease. Different rules apply depending on province. What province is this? Evict the dog AND them AND sue for damages (regardless of them remaining as tenants or leaving) !! Don’t let them trample on your rights...

To be successful as a wholesaler you need A) cash to close fast without a mortgage B) knowledge of what is true market value ie deep deep knowledge of certain asset types (say THs, duplexes, acreages, suited home, bungalows or SFH) in a few sub-markets C) ability to judge deficiencies fast and...

Call me skeptical. Very VERY skeptical. How much teal estate do you own already ? Furthermore, I assume you have 400-600,000 in cash lying around or accessible via LOC. Then yes writing cash offers far below market will get you a good enough deal - maybe 1 out of 10 offers you write. You then...

What does wholesaling mean to you? Buy in cash, with fast closing and flip to retail buyers for a slight profit? Where in Canada is this a proven business model? Sent from my iPhone using myREINspace

Good idea. Why $50? Why not $100? If they don’t balk at that then your rents are too low to start with. The issue is not new tenants not existing (sloppy, low rent) ones in Ontario ! Sent from my iPhone using myREINspace

In theory there’s no difference between theory and practice. In practice, there is ! Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com

Small claims court is designed for that. What is the specific issue? Sent from my iPhone using myREINspace

Is that a US based book? 100% financing is not an option for most people in most markets in Canada today. It does exist in severe stress situations in depressed markets, on occasion. Where are those in Canada today. You can make enough money in Canada with at market or slightly below market...

Sounds great. After a broad search narrow the criteria. Read here on how to get started: http://myreinspace.com/public_forums1/General_Discussion/61-4391-How_to_get_started_.html When the student is ready, the teacher will appear ! Forget about cash flow ! Focus on networth improvements...

That is a 5% cash back offer for a personal residence ? At what interest rate ? For an investment property you need 20% down. Less for a personal residence if cmhc insured. Send us more details but assume it will not work. Sent from my iPhone using myREINspace