It's a shame you weren't in Alberta or Saskatchewan, you could just double his rent. Missing from the conversation is whether they actually found bugs or not, as I have had tenants in the past that just didn't like me (or anyone) and it was a fun game for them to see how much money they could...

In my opinion you'll get the best lift outside of BC in Alberta and Saskatchewan where they have taken a beating, and are showing signs of recovery, and in migration continues. For many reasons including the new political regime, now may be a good time to divest BC assets and re-deploy elsewhere.

I would be a bit leery of a stock market correction soon, but REITs could be a safe bet. Yes the 400K is concentrated in one asset in a heated market. If it was me I would sell and go half REITs to load up your TFSA, and buy 5 townhouses in Edmonton, a small apartment building, or co-venture...

I get mine every year through equifax, and pay to get the score along with the report. It's inexpensive, and since I check mine often it's not a big deal.

What's the vacancy rate in Cold lake? If it's like other oil towns like Lloydminster, or Estevan, and even the smaller centers surrounding Edmonton vacancy rates are in the teens, and sometimes even higher. What would this property have been worth in 2007, or 2014?

A pretty impressive start. Keep us posted.

It's very doable to double in 5 years, depending on what your definition of 'stress' is.

Some great insight here as well. I have not had much success with mailings, or know anyone who has. As an owner I have received them, but always felt they were tire kickers trying to steal a project when I could always fetch more on the open market. MF seems to be one asset class where folks...

Very good read. I really like the Mainstreet strategy as it has worked quite well for them. I recently sold a 15 suiter, and accepted a higher 'conditional' offer vs. a cash one that was slightly less so it may drive some sellers nuts but will go well if good realtors are involved. Buying...

Why would the city be interested to do this now? It will bog down those areas with excess vehicles and noise, and also Edmonton is a renters paradise with falling rents and high vacancies, so where is the need?

Hi, how much are you looking for and what makes you certain you will be able to refinance in 2 months?

There are countless opportunities available to co venture in deals or become a money lender.

There is plenty of landlord bashing on Facebook if you wish to wade into those waters..

This makes sense. Yes it is and will be a desirable place to live and retire. Several friends and former coworkers have moved in the past year alone, a trend that's likely to continue. Most are looking for turnkey new places so your surely onto something there. Also makes sense to go outside...

With an extremely hot real estate market the second year running, combined with near 0% residential vacancy rate many have been jumping in to the Okanagan to ride the seemingly endless ride up. It is worth noting that when Edmonton and Calgary bounced back fairly quickly after 2008 Kelowna...

You make almost all of your return on the day you purchase. This can happen in sellers, buyers, flat, sideways markets, so be ready to pounce when those opportunities are presented to you. Alberta is a wonderful place to invest in almost any market if you find the right deal.

Withholding rent aside, the bigger question here is did the tenant have tenant insurance (will assume no), and your likely out $5000 for the deductible since it's an insurance claim so that should be factored into this equation.

I'm with Kristopher on this one, and for 10 units this cost is not justified in my opinion. If anything check the lock to the mailbox or get the lock changed. For me theft from laundry machines was/is a big issue but not considering cameras, yet..

This is a great find for kelowna. Congratulations!

Where's your book, name, photo, website, or anything whatsoever to provide credibility. Please provide or kindly exist gracefully.