Excellent and free resources: https://astudentoftherealestategame.com/resources/

I wouldn't buy this as an investment property. You seem to be missing your operating expenses? per month rent $4000 OE $1500 R&M $375 NOI $2125 implied cap rate (2125*12)/800,000= 3.2% less debt @2% $1920 CF (month) $204 Not very exciting in my view As Cory said, you need to look at your...

No need for a property manager for a condo. There is almost no cash flow so don't give it to the PM for doing no work. The condo corp has to keep care of all common area maintenance. The only thing you have to do is rent out the unit. If location is too far away, find someone nearby who can...

Why would anyone pay 50% of profit to a property management service that costs $200 / month? Seriously pay out 50% of distributions before the investor gets their capital back? That is an annual management fee equal to $13,000 per year (excluding appreciation), or 14% of your invested capital...

I think Tango posed a good investment question. Whenever there is discussion of a going-in cap rate that means the stabilized NOI at the stabilized vacancy. Cash flow modeling is always part of the underwriting. But looking at spreads is very commonly done and is a good measure of expected...

Good question. 6.75% cap would only exist in a small town or city setting right now in Canada. NOI considers all operating expenses with the exception of cap ex (roof replacement, repaving parking lot, ect). Cap ex is typically measured as a % of NOI. NCREIF has good studies on this sort...

I dunno about that one. I've heard reports of lots of people wanting to move out to the 'burbs after being under house arrest earlier this year. I wouldn't be surprised to see a lot of that inventory soaked up. COVID created more divisions between have and have-nots. Those with a job over the...

Can you go back to the seller and clarify? Outside of that you basically need to go to court. Tenant has a valid argument though. If it was allowed, it is reasonable that he could expect to continue to enjoy that space (especially if it was suggested that was part of the value of what he was...

For residential SFH, just use standard realtor contracts. Just fill in the empty boxes.

Wow that is risky, expensive money. Hitting a 12% in today's market would be an excellent return. That money is too expensive to make a margin right now. Max the LOC if needed or find more equity.

None. Joint and several so collect rent from whoever you like. In these situations, just clarify that it only makes sense to collect rent from the people in the property. But she will remain a cosigner.

Other than Google and Home Stars, another good way is to look through calgary.ca/pdmap then look at all basement suite DPs. Look for names of contractors that seem to do a lot of them. May find some good ones who don't advertise a lot.

Is this a new purchase or renovating a property you already own? If a new purchase, just buy from the available inventory, you won't get your money out of a renovation right now lots of secondary suites on market right now. A suite renovation costs anywhere from $35 - $50k depending on the...

$200 PSF is way too high to build for hard costs. Somewhere $110 - $130 more likely. There are soft costs on top of that (insurance, professional fees, survey, legal, rezoning, admin, development management, ect) and financing costs. Altus publishes a cost guide as a starting point...

Probably not. If you think property values have not been impacted then buy a REIT right now. Still 15% discount from YE value.

Buy public companies right now if you want RE exposure. Huge discounts to NAV and no hands on work. There is a time for direct investment, this is not it.

Generally better sales prospects when stay at home order not in place ;)

'good news' is increases by 30%.

If you are looking for a stop-gap solution and want to help these tenants, then I would cancel the lease with the existing group, do a full reference check on the new group and then have the new group sign a short term lease. There would be a re-rental fee agreed with the previous renters...

It's usually better to try and work something out. If they were good tenants, I've let it go before and just re-rented. In any case, you need to do a full reference and application check on the sublease tenants if you would entertain the idea. Really, options are totally on the table. You...