Yes it’s basically true. Markets with likely high appreciation trade on high multiples of income ie low cap rates and markets wth likely little upside due to lack of immigration or economic upside trade on lower multiples ie higher cap rates. Keep in mind acquisition search costs ie flying in...

There’s no one segment of the market that is better than another, per se. Condos generally under perform SF homes or homes with a suite in it but not always. It depends what you want, what you want to specialize in and how much time you’re willing to invest. OK and many smaller markets booming...

It’s usually done by using a commercial appraiser, a tax assessment or an estimate of value for each component. You pay HST on the commercial portion and as such rents matter but only in as far as they are used to estimate at the value of the commercial component vs the residential component...

So, what is the question then? Thomas Beyer, Asset Manager, Investor, Asset Improver, Author, Father, Mentor www.prestprop.com

Does the current zoning allow it? If not, can you rezone? Be aware of new rules for new construction ie replacing old windows, furnaces, roofs or wires to old part of building plus home warranty implications. Might not be as simple as stated. Check with city planning department. Financing...

Money partner bringing all the money is common for a min 50% stake. But adding risk by also qualifying for a mortgage is worth another 20% in my books. So 30/70. But hey if you can sell 50/50 why not ? Thomas Beyer, Asset Manager, Investor, Asset Improver, Author, Father, Mentor www.prestprop.com

More details please. How do you convert a 4-plex into an 8-plex ? Add walls and chop up an up and down 4 BR to 2 x 2 BR ? Legally ? Or just as 4 more illegal units ? Age? Size? Rents? Furnaces? Fire separation? What city? Sent from my iPhone using myREINspace

You need to become an area AND property type specialist first. Nothing wrong investing elsewhere but keep costs and logistics in mind. Flying to east coast is a 5-6 h flight, possibly with a layover in YYZ, a 3-4 h time zone change AND at least $2000/trip for a 3-4 day trip each. Consider...

If you bring the deal and the mgmt services that is about 30% not 50% in my books. 50% for money partner and 20% for mortgage qualifier. Thus, 30% for you. But if you can sell 50/50 then hey, why not...

You’re on the right path TW !! Ensure you pay local trades and site manager well for enhanced peace in S-France. Sell or refi thoughts here https://blog.reincanada.com/sell-or-refinance-the-agony-and-the-ecstasy/ as that thought process will happen sooner or later.

Yes but there is usually a huge one way drop fee. Check around. Some firms may have none. Expedia shows it from $320 for two days next week. Thomas Beyer, Asset Manager, Investor, Asset Improver, Author, Father, Mentor www.prestprop.com

The key issue with CAP rates is R&M as that value fluctuates, plus CapEx usually not required in an NOI calculation. Both can bite you. Ensure you know the magnitude over say a 5 year horizon. Sent from my iPhone using myREINspace

Yes a 25,30 or 35 yr amortized CMHC policy is worth gold. Needs a good PM incl maintenance team on the ground though. A good PM has numerous contraries on speed dial. You pay peanuts you get monkeys though !! Sent from my iPhone using myREINspace

Correct in principle. Also let’s not forget R&M and ongoing capital upgrades that’ll eat into your operating cash-flow. You can’t usually get 85% either. Let’s use 75%. What is better: Cash-Flow or Maximum ROI ? http://myreinspace.com/threads/what-is-better-cash-flow-or-higher-roi.26596/...

Tiny houses have their niche use, especially as secondary homes in houses with a big enough yard or in rural communities where land is cheap. In large cities with high land prices they make no sense today. It’s the latest spin on mobile homes though. We use to call them trailers - in trailer...

Congrats. Very impressive. All SF houses? Sent from my iPhone using myREINspace

They are similar. OT bigger and faster response most likely. Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com

Send an eviction notice due to property destruction then !! They don’t pay rent? Then evict them for non-payment of rent. Re garage: Change garage locks. Tell them it’s not in the lease. (Or is there a copy that says otherwise?) If they throw a tantrum or do damage evict them for uttering...

What province is this? Why does a messy garage bother you? Do they pay the rent? Do they destroy property? Then cause for eviction. Otherwise: chill and collect the monthly rent. Sent from my iPhone using myREINspace

Property mgmt is critical - as is not paying too much. The main reason I opened a prop mgmt company in 2005 was that I couldn’t find a decent property management firm in a small centre (Camrose, AB). Before you waive conditions on an asset that makes sense financially to you ask: “who is...