I have seen a few of these over the years, but they are rarely successful. We all have horror stories, and some have even encountered professional tenants that make media attention when the landlord is a little old lady being bullied by her tenant. Facebook forums for example are full of...

This one always ceases to amaze me. Social media is lit up with tenant complaints that credit checks are too invasive, we don't have the right, it's unethical, etc. but it is logical to assume if they don't pay their simple creditors they won't pay you either. This one is a judgement call for...

Huge red flag. I would pass regardless of what her story is.

Western Investor

Please email me some details on the property. I may be able to assist you. [email protected]

Who will your buyer be? For single family I would say vacate, slap on a coat of paint then list. A 4 plex will likely attract mostly investors. Plus what if you don't sell for several months? You are out a lot of cash. I would consider it a multiple unit dwelling and be looking hard at the...

Congratulations on your success, that many units in 10 years is very impressive!

Thanks for your perspective Carla! I do agree with much of what you say, but the millennial logic is somewhat of a mystery to me, yes they want to move here, but surely they have to work to earn a living like the rest of us? I also agree with Thomas about the short term rental situation, as it...

Yes indeed. Let me ask you this, if you lived in Winnipeg and had to chose to invest simply for profit potential in Edmonton or Kelowna, which would you pick assuming all things equal?

Here is some additional food for thought. I will use for Example Kelowna vs. Edmonton. Currently it is a tale of two cities. One has had prices and rents fall significantly since 2014 and has bottomed out in 2017. The other has seemingly perpetual rent increases, massive price gains, and...

From what I understand, it seems that you already own a primary residence (or another residential mortgage), and your looking to purchase an investment property however lack the cash/qualification to put the required 20% down and go to a conventional bank, so your looking to put 5% down and...

If it were me in your situation, I would do anything and everything to avoid either scenario. I would also seek credit counselling immediately, and create a work around if possible as you will bounce back much quicker than bankruptcy or a consumer proposal. I would sell both properties...

Spend your time growing your real estate and not doing taxes. Find one who owns real estate and you can grow with as you expand your portfolio. Where are you located?

The rate you will receive for a new mortgage, renewal, or refinance is typically based on the bank of Canada 5 year bond plus a spread for the bank. It is higher today as bond rates have crept up and lenders have gotten tweaky as of late and are increasing their spreads as well. Low loan to...

Well I suppose if I'm looking for a career as a managing director or an investment broker I may look at this, but for most of us too much analyzing creates analysis paralysis. Certainly if I was building an office tower in Calgary, or an industrial complex in Edmonton and I really needed to...

The excessive fees mentioned are far too rich in my opinion as every dollar needs to work from day 1. 25% taken off the top for fees, regardless of performance means the investment must earn 33% to get back to 0. This is too rich in my opinion so 50/50 is not unreasonable.

50/50 is absolutely reasonable for the money partner when you consider: A. The money partner generally does nothing except write one check and sign one document. B. Often the expert is the only one personally guaranteeing the mortgage. C. The expert has experience and expertise and a proven...

In my opinion ignore analysts. Most are employed by large real estate firms that look at absolutely everything. Your average starting Investor is 90% gut and 10% analysis. Common sense would imply to buy low, which is where we are now. Find a location and property you like and then buy it.