What i see here is that it would be beneficial for you to have a realtor. Even though off market, I would gladly pay my realtor a small fee (agreed upon between the 2 off you) to pull old listings, title, run comparables etc. And, if you will, write up an offer etc. Small upfront cost might...

Having your own terrace.......even better. My hat off to you.......you have done very well. Interesting thought on finding out where CMHC is insuring 85% mortgages. Hadn't looked at it that way, although I do understand what you are saying about open market listings. I'm going to send you a...

That's a good writing! I take it you were sipping cappuccino on a French terrace overlooking the Mediterranean while doing it? (: You are one of the very few that I was describing starting with 16+ units and it has worked out very well for you. Congrats! In the above case however, taking...

I would advice to have your own realtor working on your behalf. He or she should be able to answer your questions or steer you in the right direction. A few things that you would want: 1) seller to provide RPR 2) If well water have the water and the flow inspected (water sample to lab) 3)...

Congratulations on that decision! it’s a wise one!! If there is one thing i may say to you, and if you will take it from me (or any of us) just slow it down a little, start smaller. There is a lot to learn! I might be wrong but i would think you will find very few people on the forum that...

I cant see any benefit for you to incorperate. Financing for a 'brand new pulled off the shelf corperation' without any income is virtually impossible. (You might find a lender for 18% interest rate) Then there is the cost, about $300/400 to incorperate, your corporate tax filing by accountant...

ok so gas and water/sewer only 1 meter. i would think those 2 together about $150 per month per unit. (100.00 gas and $50.00 water average) Electric is for the tenants. You could try for a flat rate of $100.00 per month on top of the rent. you would have to work this in to lease contract. It...

As per previous post, on foreclosure props banks often shut off al utilities. As for cost per unit per year, I would think if you calculate electrical and gas at $200.00 per unit per month, if all is separately metered. If not separately metered, then lower, as you will only have distribution...

Ok, so do I understand it right that you are owning a full duplex (Victoria) and live in half and rent out the other half? My advise would be to indeed purchase your next personal residence to (at first) live in and that has options to rent out, for example another duplex or (potentially) suited...

I want to give you a big thumbs up on working the 2 jobs and saving that much money per month. Excellent!! I'm not as knowledgable on the Vancouver area market so will leave the comments to others. However, just because a city is in the top 10 doesn't necessarily mean that it is the only...

Ultimately, and by the looks of it, what you are doing is 100% financing on your 2nd and 3rd property. It might not appear to be that way in your own mind but it's not unencumbered cash that's freely accessible. Wether its a wise thing to do depends on your personal finances, for example you...

Very little to add to all the above comments. If you indeed want to 'consume the 3 course meal', the Calgary market is the least tasty, especially from the cash flow perspective. As well as appreciation unless you have deep pockets, go for land value, depending on zoning, tear down and rebuild...

That's seem like a lot of maneuvering around for such a short time frame. May 1 is about 5.5 months away. I would go for security first and foremost and make sure you get your primary residence mortgage renewed this year (or next year with new rules). You can then look into unlocking any extra...

When tenants are citing the tenancy act to you.......you know you don't want to extend after the 1 yr lease. Indeed tenants have the right to quiet enjoyment and can have 'guests' over as often as they want as long as not being permanent occupants. Only thing you can do is to have a 14 day...

If this building was a foreclosure and been empty for quite a while, banks would often as standard practice shut off all utilities in order to not have any cost. As such I would think that they have winterized all plumbing in the past and there should not be any damage. However, if this hasn't...

Good place to start in plumbing supply distributors. Bartle & Gibson has good representation throughout Ab and Bc Not sure they will let you do bizz if not a registered business but seeing you need qty I would try. If not, for water heathers I find the best deals at Lowes in weekends where...

Let me think.......uhm........gaining weight???? Baking, sailing and knitting can all be delegated.

True......however there is a first time for everything. If you can surround yourself with the right people (knowledge) then you are on your way. It wouldn't stop me from trying something new. If I would have known years ago with with I have learned in the process I would do a few things...

Meant to say ......(excl electric assuming these are individually metered)