This question gets asked a lot, and you answered many of your own questions in your first post. Don't JV or offer to until you have bought/held/sold several projects to prove a track record, yes this will take several years. Do you own any property now including a primary residence? What I did...

A caretaking service is a good alternative if you are perhaps smaller, and/or manage single family units. They are unlicensed so there are restrictions, however often provide a better and more personal service. Many owners are doing this now especially in extended downturns as we are...

My logic says that as a business you want to make as much money as possible, hence pay as much taxes as possible! renovations are important, however only when necessary to rent your unit or get possible rent increases.

Yes depreciating at 4% will have to be recaptured later, and what I meant was that even if you had a profit, the total of all your deductions including mortgage interest will usually offset your rental income resulting in zero tax payable. I'm not an accountant but what I gather is that you...

I wouldn't bother for small amounts as what you get back is small and it could flag you for an audit. I wouldn't depreciate either unless your paying taxes on rental income which most aren't if you have a mortgage as it makes things more complex (and expensive) later .

Whether you are fixing and flipping or buying and holding, the criteria to qualify for a mortgage is the same, except of course you cannot use existing rental income in your TDS calculations. The main distinction is you will want to get an open mortgage, typically variable, in which you will pay...

Does anyone have experience with Credit unions? I had one property through them and it was a very positive experience and wonder if anyone utilizes them for multiple properties, as these new rules don't seem to apply to them.

The REIN multi family course is excellent and is much more comprehensive than simple metrics. When you say 'up your game' am I correct to assume that you own smaller buildings already? There are many ways to up your game so are you specifically looking for: How to minimize your acquisition...

My thoughts precisely. yes it's a free market and I'm sure you had options to sell your 5M project, say 4-5 competent realtors you could have used if you desired, but none that would charge you 4%. I can't pinpoint any individual that would be that stellar to justify this, but perhaps there is...

Hi Mike and thanks for your input, however the question was asked what is the typical commission selling a multi, and I have sold several and paid 2.5 to 3% commission so that is my experience. Your comments about collusion make no sense, or have any basis in this discussion. I 100% agree...

Around 3% is the norm. Many brokers do not cooperate with others and some actually charge the buyer! Since most buyers are sophisticated vs. Not in SF many listings are exclusive and double dipping is common place and it never hits MLS. If your buying what concern is the commission?

I would do a comprehensive survey of your area and pretend to be a tenant and check out units, then ask just a hair less than the masses to get a good tenant.

Greetings. There are a few of us in Kelowna that meet once a month informally to network and share experiences, ideas, and different topics so if anyone is interested please feel free to join us. Our next gathering is this Thursday, January 18th...

My opinion on reverse mortgages is they are a borderline scam similar to a payday loan. With the fees charged and interest compounded it is almost assured there is no equity left when you pass away. A better option would be to sell, rent, and invest the rest into something else. I don't know...

One negative cash flow sucking alligator property is one too many. Sell it immediately and purchase something that cash flows. Generally speaking individual condos are one of the worst types of income property to own.

Have you considered a caretaking service as an alternative?

Hardly one trick. Alberta is well known for its low taxes, young population, and entrepreneurs and is adapting well in a world without oil, and it will adapt and continue to do so. Yes not insane growth, more slow and steady but you wouldn't know it by the traffic, restaurants, and busyness...

Congrads, thats GOOD news not BAD

I can't say I agree with this statement. As a business owner you have plenty of opportunities to optimize your expenses and increase revenue, where the real focus of real estate investing should be. In my view this is majoring in minors, and my time is better focuses on looking for deals and...

How many appeals have been successful? Do you feel it is worth your time end energy to go though 40 appeals each and every year?