How's Toronto real estate doing these days?

This is a recipe for disaster and hard feelings for years to come don't do it. Chose either: A. Be the expert yourself and do everything and have one money partner and split the profits 50/50. Or.. B. Invest with a flipper with a solid track record of repeated sales and tax consequences that...

Sounds like a bet to me Thomas! Say loser buys lunch? I also predicted Trump to win the presidency :) I truly hope your right, I do, but I've talked to a lot of folks as of late who believe otherwise.

Another little nugget I will add, is that for the first time in a very long time investors need to carefully watch interest rates as there is little doubt now that rates will be 1% or higher in a year or two from now, even more. This needs to be carefully calculated into the CAP rate you are...

I must respectfully disagree with almost everything in this response.. Like Thomas, MF Brokers are very reliable and I have not met a questionable one, but hey if buyers are uneducated and willing to pay more why not? Edmonton has many decent areas to make money, but White avenue is not one of...

They are absolutely correct. As I said previously, they are unloading their problem on to you, so expect massive deferred maintenance in years one and two, as the new manager you hire will expect you to upgrade to attract and retain tenants, and the huge kick in the scrotum these days is a...

And it does, often and hard. Respectfully this is horrible advice. 100% financing is reserved for speculators with deep pockets, as even a long term horizon often cannot erase damage caused by overpaying in boom times, and not being able to sell later or even rent to break even. There are...

Proceed with extreme caution. I'm not a fan of small buildings because the costs are the same buying a larger one, and Canora has lots of 6 to 12 suiters from 149th street to 156th. The farther away you are from Stony Plain Road the better, north or south, but south is better. The area from...

Well Said Seth, and although challenging and not the slam dunk that it used to be in the (2002 to 2007) or even (2012 to 2014) massive uptick years, I personally stick to Alberta and Saskatchewan for the reasons you mention and rent control laws of course. I find if I turn over enough rocks...

When I analyze an apartment building I generally lump them into three possible categories: 1. Home run deals - either premium condition with under market rents that value can be raised quickly, or crappy buildings bought very CHEAP that deliver at least a 2:1 bang for your buck on all costs...

This is a classic case of a vendor trying to unload his problem onto someone else, and asks full market price for a vast under-performing project. As stated above, this area is awful, and has been in "transition" for at least the 15 years I have followed the Edmonton MF market. He can't...

If it was me and she was a good tenant and I planned to keep her I would just chalk it up to the cost of doing business. For the amount you are talking about it would be more of a headache to go through an insurance claim than it would be worth.

For the most part yes I agree with your comments, but the main takeaways I would tell any newbie: 1. can you start investing with no money? No 2. are there hybrid products out there that can offer a 'guarenteed return' plus share? No. The investor must chose one or the other. If they are...

30% profits or less is fine as long as going in fees are reasonable, to ensure there are actually profits to be realized! a 50/50 deal could be much richer if it's a great project with zero to no initial fees. Skimming 20% off the investment for going in fees means the project must make 25%...

It sounds like a great position to be in, either a 400% return if you go conventional or almost 2000% ROI if you use CMHC. Are you looking for a JV partner? Who sells a house at 50% off?

Just because you can doesn't mean you should. Buying with no money down is certainly not anyone's only option, as saving for a reasonable down payment is doable for anyone! If you are unable to save for a down payment you certainly shouldn't be buying real estate. One is also much more...

It really depends on who wants out, how long into the venture, and many other factors. Yes you can estimate sales costs, and likely get close to "estimated" market value but it really comes down to your buy sell (shotgun) scenario as per your USA agreement. If you want to buy them out, offer...

Well lets just agree to disagree on this one. As Thomas mentioned at the start, no money down and no experience only exists on midnight TV. I simply don't believe that anyone can consistently purchase 100% levered property over a long time period and never get stung, and it's simply bad advice...

I can think of almost no scenario where 100% financing makes sense. Your basing projections on either being able to refinance at a higher value or finding a seller who is willing to pay more. Creative financing is also often very expensive and usually not that long term so when the terms run out...

Some sound advice here . I'm amazed still at many would be investors, and incredibly one experienced 'expert' touting the benefits of 'no money down and no bank qualifying' that I just saw today and it just makes my head spin. Cash is essential in real estate period and real estate should not be...