While the macro economics are important factors, you must not forget that true valuation of a property is done by a clear understanding of how to make a property increase valuation. I am targeting Ottawa-Gatineau and Montreal which is in my view are very stable market with lots of demand for...

There is not much content on the Quebec side on the forum and there is only a handful of members who invest in Quebec.

Just closed on a property on Monday (Yesterday) where bank requested a proof that I can lease it at x rent. So I did the following... in my offer, I requested the ability to show the unit prior to closing with 24 hrs advance notice to seller. Search for letter of intent to lease (Non-Binding...

I only manage properties that I own and have a portfolio with own properties and JVs in place. If I were you, I would find out how much money she needs now and hoiw much later and work something out. 1) Negociate, 2) bring JVs to pay her out 3) sell 1-2 to pay her. Note that you would need to...

Hire an independent appraiser and ask the questions, cost is between $400-$500.. find a person that does not have a potential conflict of interest (named investors, agents, etc).

https://www.cmhc-schl.gc.ca:443/en/buying/financial-information-and-calculators/government-of-canada-programs-to-support-homebuyers

1) The RRSP home buyers plan is a specific program for people to buy a house. That is, to use a portion of own RRSP as down-payment AND bank mortgage. This is limited to your principal residence (from what I remember). 2) The other aspect is that you can become a bank and lend your RRSPs as a...

Do it! but run the numbers. Worst case is that you would be renting out during this venture. I do not know your market but if you are planing to use the first home buyers route with low down-payment for the rental (as low as 5%) there will be limited equity and limited cash flow so you will not...

Put an offer with a long closing date.

No

This is a well known fact that self-employed needs 2 years of NOAs. As far as I know all lenders will required a full application when increasing loan amounts.

Buy purpose built properties.

You must realize that the system has been setup up to maximize profits (for agents, brokers, mls, etc - Not consumers -) and have worked that way for many years. This is no secret to anyone and whoever says the opposite is living on la-la land. This is very similar to the banking / mutual fund...

If you been doing it for 10 years, why do you need others?, do you want to expand your PM business or own more property?

What's the difference in rent a month? 100,200,500?

Budget for it as there will be a special assessment to catch up with lack of reserves.

You would probably get a better quality tenants on a 2BR vs 3BR (for basement setup). Also note that if unit does not have a separate meters for utilities a 3BR unit will cost more. The more people in the unit translates more cost to maintain and increase wear and tear (Noise, parking, etc) with...

Good for you, I wish I had the resources that you have now back when I was your age. Keep following your gut but make sure to find a mentor (no need to be a paid mentor, find a win-win arrangement). For a rookie your Rule 1 - ONLY listen to people who are doing it or have done it. In real state...

I assume that town-home is in a condominium structure and yes, rules can change. It would depend of how friendly the board members of the corp is which rentals. Best to attend all meetings (and vote), become a member or not to buy at all.

As far as I am aware, you can only lend it (arms-length) on 1st/2nd positions or become your own bank on your principal residence with the added conditions for a mortgage (such CMHC insured).