This article cites good news indeed for investors with quality rental properties. This is less good for investors planning to sell properties in 2018. The reduction in purchase power with the new mortgage rules will effect typical home buyers more substantially than sophisticated investors...

I think this really depends on your portfolio size (as mentioned above), but also, who your current PM/caretaker is. I work as a Realtor in the Edmonton area - have seen many of my clients decide against PM companies for the reason's you mentioned above. Many are choosing to self-manage, some...

I agree with the couple comments above. Connect with a Realtor for some basic homework & due diligence on the property. This will help get you a current market value on the property (so you don't over pay) and shed some light on whether its actually a legal 4plex, or a duplex with illegal...

If you're still looking for these, check out Gemco Wholesale Heating on 50 street. http://www.gemcofireplaces.com/furnaces/9200-series.html

Market the property to someone other than investors, as negative cashflow does not help sell a property. Do you know any other investors who own in your condo development - maybe they'd like to pick up another unit? Can you renovate your unit to increase rent and/or sale-ability? Whats your...

My personal thoughts - Wabasca is a brutally tough market, especially if you aren't a local (30 minutes or less). Wabasca is also a fairly remote location for contractors if there are jobs you cant do yourself. And even if you are super handy, its also a 2 hour drive to a decent hardware store...

If you dont mind sharing, what is the small Northern AB "oilfield town" where this is located? Are you local in this town? If its a 4 hour drive from home and you dont have local knowledge, then Id say stay away. You mentioned only $150k for the 6plex and that it was a foreclosure. Any idea why...

@ $25k/ door this sounds like a good deal. Does it need substantial work to be rentable? By the time all 6 units are rentable, what will your total cost be on this property? Having grown up in small town northern AB, I'd use caution about the markets, vacancy rates, rents, and your tenant...

I have typically had quick responses from RCCPM when I've referred to them. Did you try 780-447-6967 ? And Tony @ Avail is 780-862-5762. Good luck!

I often refer to Re/Max Commercial Capital - they do a great job managing, based on tenant and investor feedback. Another guy worth contacting is Tony Sera with Avail Properties. When choosing a PM - ask up front about any & all fees associated with the property whether its vacant, or with long...

As a Realtor, my preference would be to sell this property with 3 units rented (ideally at or above market rents) and 1 unit vacant & easy to show. For buyers, this is perceived as less risky because it has some monthly income. . If your plan is to renovate & uplift, you can start with the...

There are some really good points above. I too suggest approaching this idea very cautiously. You'd need to buy the property/land below value, have favorable zoning, plan & execute everything meticulously while staying on budget (time & $$.) Its easy to dream about the perfect plan, but when...

I agree with what seems to be unanimous opinions above. Is the property move-in ready, or will you need to do some renovations before it's ready? Renting in the winter can be tough...but, incentives work, and the right property is always desirable for the right tenants. A good deal on the...

If you are looking for mortgage advice, definitley connect with the Vine Group. If you are looking for a local financial advisor (meaning Life Insurance, Segregated Funds, budgeting & investments, etc.), I would highly recommend Matt Pearcey with World Financial Group (WFG.) Give him a call or...

Definitely decline the bank offered product. If anything happens to you, the lender gets paid the mortgage balance owing (whether its $1,000 or $500,000). The premiums are high and stay the same for the life of the mortgage, even though the balance declines. Life insurance is cheaper, and if...