Buying your first apartment building can be challenging, but the good news is that anyone can do it, even if it is your first real estate investment. In fact, I have a good friend who bought her first two real estate deals, and they were both apartment blocks! Join me on June 16th at 8pm EST...

Due Diligence when buying an apartment building. What is it? It has taken me 22 years to figure this out. It is about protecting, and validating your investment decision. Did you know? There are several things you MUST know before the offer? What conditions to have in your offer? What...

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I would also agree to avoid BC at this time. The prairies provides the best returns and lowest prices right now.

Exciting news, registration for the Canadian Real Estate Outlook Summit - 2022 and Beyond is now open! Learn how the experts are buying and thriving during uncertain times. Join me LIVE on March 22nd at 4pm PST for this exciting free event where I will be interviewing 10 real estate experts...

We all hear the term UPSIDE tossed around with Real Estate Investment but what does it mean to you? For me, after investing in RE for over 22 years mostly in multifamily I've picked up a thing or two from owning buildings and realizing that some would outperform while others ended up as...

I love the predictions on Alberta. Predictions on Ontario and the Maritimes?

Assessment value is almost completely meaningless today with rapidly changing values. I lived in Edmonton in 2007 when houses were going up $10,000 a week so it's impossible for municipalities to be accurate. The bank appraisal will almost always be generous if your goal is to refinance. Use...

Wow, what an amazing 2 years. Canadian Real Estate. Some Real Estate markets booming, while others are facing 7 years of a strait downturn. Some sectors hot as fire, other slow to recover. Oil prices, interest rates, 30% price increases in 1 year, what could possibly happen in 2022 and beyond...

Very impressive for such a short time, and in the lower mainland of BC as well. You have proven why one needs to turn over every rock when looking for a deal.

Your best option for a 6 plex is to go with a residential mortgage with RBC. They will qualify you with a blend of your own income/rental income. Your closing costs will be a fraction of a commercial mortgage without the need for all the costly reports and fees. You can also borrow at 80% loan...

You can find some opportunities, but multifamily in BC is a strange market. I have friends who have done very well in northern resource based communities in BC that have flourished, while resource communities in Alberta have plummeted. It depends on what you define as small, and I would define...

My first 12 suite building was in a town of 2500 people 400kms from where I lived. I would never ever do it again because: - It was an intense value add project and I was working a full time job at the time. - trades issues as noted. - financing was only available through the local credit...

Rare indeed! Yes it's not the early 2000's so tough to find CMHC ready product My building meets the criteria, and I may just refinance myself. A full 300 bps spread between CMHC borrowing rate and actual CAP (2.00 to 5.00) so very appealing for an armchair investment!

400K is below the entry point to get into a decent apartment building, although I'm selling a 12 suiter right now that you can borrow 85% loan to value that is CMHC ready. The residential real estate market and stock market are both HOT right now so buyer beware, and I expect corrections in...

I hear what your saying, but a JV is not the way to go here. I started very much the same way over 20 years ago. I worked a series of low paying, crappy jobs until 6 years later I finally had a job good enough to qualify for a mortgage and save for a down payment, and did what you have stated...

It appears I've lost this bet Mr. B, but gained a CMHC mortgage on a 24 suiter at sub 2%. Lunch is on me, but not sure when I'll be heading for the sunshine coast!

Hello. What is your equity stake in the building (cash investment), and actual yield (cash on cash return and ROI after amortization?). What are your retirement goals? High cash yield with little to no upside potential, low cash flow with higher appreciation or a bit of both?

I also reside in BC and all of my properties are on the prairies and this is unlikely to change in the near future. I would start by talking to a some mortgage brokers on the properties you are looking at. Once you have targeted an area talk to some local property managers to narrow your focus...