This is odd. You are renting and then sublet without the landlords approval? What does your own contract say that you have with your landlord? And for the rest, if your tenant signed a 1year lease in Alberta you can simply tell them you won’t renew lease and they will have to leave. No eviction...

Of course you can hit those returns. You can even hit higher. Think private mortgage investing and plenty of other high paying investments. But consistently over 25 years? Nope doesn’t exist. People investing with Walton back in the days hit good returns as well.......well.....at least for a...

Morning! That’s fantastic. You must make more money then you can spend I’m sure, so spend it wisely. Expensive cars and other ‘wants’ will not get you were you may want to be 20 years from now. Life goes fast......if I had to do it over again I would buy RE at 20. There is a very good post...

Luke What ‘system’ are you talking about? And.......all nice and dandy to break down markets in categories but what is your aim? I can tell you, as someone that knows both markets you are interested in from an investment type of view, there is only one ‘market’ that interest me personally...

I would not disagree with that but as an investor I’m in the business of creating a profit and not trading dollars for dollars. If you add a suite, garage or an extra bathroom at retail price, then the trick is to build these additions that create extra value, for way less then retail...

It’s all very one side response if you ask me. But I think I need to keep in mind that you are a real estate analyst? Correct? It’s about the same to me as when I ran my own businesses, I had (have) a very good accountant that I definitely needed when it came to making good choices on the money...

I too find SFH not very attractive as an investment, but cashflow of $500.00 IMO is pretty good. And the 15% management fee, who would pay that to a prop manager as you can do a way better job managing yourself. Missing in the calculations is mortgage pay down as well as assett appreciation...

Work hard and put in extra hours at work, pick up a second job at Tim’s or something alike. At 20yrs old, live with your parents for another year or 2, (even room and board is cheaper then moving out) Drive a cheap vehicle, or walk, take a bike or public transport to work. And if you have a...

Come let’s have some fun with this. Funniest ‘guess’ wins! :D

Abandoned trans Canada pipeline from the ice age and Pre-Trudeau’s era. Remember?…when things were good in Ab.

Pretty much any combination is possible, but it all sounds complicated and unnecessary to me But that’s without knowing what the thought behind it is. Why all this? Is your real estate already purchased through you LTD and is the company holding the mortgage? Or are the couple of RE investments...

Collecting first and last month rent is used as a deposit for commercial leases. For residential it’s not something that’s normal (Alberta) I usually have the 1 month security deposit due immediately on signing of the lease regardless of how many weeks or month(s) that would be before the...

Many of us would be able to come up with strategies on how and where to invest. But a few questions I would have is if you have thought about consulting with your accountant or a tax consultant first. When drawing on rrsp,s for retirement purposes, you will trigger taxes, and you would want to...

Really good stuff in all the posts above. Couldn’t agree more. The deferred maintenance of 10.000K a suite, let’s say 750 sq ft, 2 bed 1 bath, make that about 20.000K contractor cost per apartment. This is true cost of a complete Reno, not talking about a new countertop on an old kitchen, or a...

Seems to me a few rash decision were made. April 1 notice on a month to month lease should have them being responsible for rent and utilities till end of May, (unless it was the end of a fixed period, in AB a notice is not required and they can move out on last day of Tenancy) Did you agree...

Matt, thank you for your added perspective. I couldn’t agree more. My post would have been very long to cover all aspects of what I think will be the future selling process. But their is no doubt in my mind the way of realtors doing business will change in the future. Comfree is already a very...

You have gotten the perspective of a few realtors. In general their claims are accurate, however it is of course from their perspective as a realtor. When selling a home tho, nothing stops you from trying to sell without a (listing) realtor involved. I would start the process with an...

Most lawyers you use for real estate transactions are just transactional lawyers and not litigation lawyers and will not assist you in court proceedings.

The dog needs to loose weight.....???? (-:

I do find this one pretty funny. However I never use that line. Lol The process I follow is that of advertising first, then when I get replies for showings I ask for a short interview, often by text or sometimes phone call. Based on that I decide wether it’s worth my time to meet for viewing...