He is buying in Venezuela.......distance and property management is NO issue...... rinse and repeat.

If your goal is to continue living on Bali, but invest in Canada, you will have no other choice then going the property management route. Now, in order to fully understand how proffesional property management works, my question to you would be that if you are fine with giving full control to a...

Exactly! it’s about giving advice to a newbie investor. Without making this thread into a property management versus self management discussion, the notion that there is no benefit to self managing is just as ridiculous as me declaring there are no benefits using property management companies...

Due to RE investing I have so much time on my hands, managing the props actually gives me something to do........

Don’t disagree just because of what is said in a book. Disagree because you have experienced things differently. Really try to listen to what is said on this forum and the advice given. When it is said to invest close to home, keep a close eye on things and manage the property yourself, really...

Sure, there could be the odd exception, however I should clarify that my opinion on apartments buildings (bottom B class, C or bad neighbourhoods) is exactly the same, hardly any cashflow. But then again, there is a way of making money on those by upgrading and increasing and refi and so on...

To add to that, these cheap condo’s that are being talked about in Calgary (Edmonton same situation) aren’t even in B class buildings. More like bottom C buildings or below. They are bad for several reasons, re sale in the future, and any appreciation will be minimal, and looking at monthly...

I don’t think anyone that knows real estate needs a report to figure out cash flow sucks in markets like Toronto, Vancouver, Calgary or as suggested Montreal. It’s a simple calculation based on what’s out on the market to purchase, at what price, and the rent projections. Significant positive...

Is it your vision? Or just dreaming....... How will you get there? Where will the money for investing come from? 5-15 hours a week working? 30 hours researching? Sorry that I can’t be more positive....... Maybe some of these quotes from famous people will help you; *Formula for success is...

How much energy do you want to put into this?. Yes the lease is a binding lease but if they walk then what are you willing to do. Basically with the new lease in place and him or her moving out you can keep the security deposit (based on the signed but broken lease) You have a month to lease it...

That they’ll make a great rental pool to draw from........

It sure feels good and different this morning. (-: How about that Edmonton tho........

Yes. The lender could ask for proof of market rents instead. I believe I had an appraiser do this for me but it’s been a while ago.

Why would we need to be super choked about this? I don’t think any type of subsidy/rebate should go to towards this type of aid. Why would tax money need to go towards making inner city liveable for mainly young urbanites to sip there expensive latte,s, wear their expensive brand clothing and...

Tina, is there a ‘RUN’ score for this neighborhood as well........?

Always good to ask the questions. But make sure you do your calculations well. Student rentals are not as lucrative as you might think and definitely not a slam dunk. Let’s say the house you have in mind is a 300K purchase. At 20% down your mtg will be 240K. Rough estimate is $1300 month...

At the time of making an offer you only need to pay a deposit. In case of a MF building you would have to give yourself (at least) a minimum of 1 month to get the deal approved (lenders inspections plus reports etc) and you would make that, incl financing approval, a condition in the offer When...

I take it that the abused tenant is the one who has the lease in her name and paid the security deposit? I would make sure she or he has. Then, as a landlord you have the right to evict the other tenant, let’s call this person the abuser, as well. Or enter into a new agreement with this tenant...

I think you are confusing a few things, for instance having a conditional order for a tenant to leave as opposed to tenant having to give notice in a normal situation of vacating the property. If you had a conditional order for a tenant to leave the prop on Nov 1, and they did, I do not think...