That doesn't sound more interesting.

Has anyone had success with an alternative insurer to Park Insurance. My premiums are up 60% this year (never made a claim). Anyone reputable out there you would recommend? I've received a quote from Wachovia but am concerned about some of their exclusions. Insurance is for a SFH with legal...

For one property buy Quickbooks for $200 and do it yourself. Accountants are not really a good use of money for small portfolios. Try and avoid complexity whenever possible. The pie is going to be pretty small so really need to watch expenses. Closing property transactions should not be that...

David Niven can help you https://collinbruce.ca/team-member/david-niven/

It is a bit convoluted as you live there. But take the market rental rate for the space and assume that is what the tenant could pay - apply a vacancy rate. You know the expenses. It is taking from one pocket and putting in another so not really meaningful.

PWC puts out one of the most robust reports out there in terms of the major RE drivers. https://www.pwc.com/ca/en/industries/real-estate/emerging-trends-in-real-estate-2020.html This is probably the best quality report out there in terms of ranking real estate markets. There is really no...

I don't think brokers add enough value to use them for relatively smaller purchases <$500k. I've gotten better rates and options without them.

New built houses / town homes I'm assuming? Or are you talking about buying condos in buildings? Check out what RNDSQR is doing in Calgary, some very cool ideas: http://www.rndsqr.ca/?gclid=EAIaIQobChMIutzQtp-k5QIVC9NkCh3AfQmPEAAYASAAEgIky_D_BwE Assuming townhomes / detached: environmental...

I wonder if there is an opportunity for a laneway house or garden house? The best value is from subdividing if possible but there may be other work arounds. Talk to a builder who does infills, they will know. Pull the zoning from slimmaps https://maps.edmonton.ca/map.aspx Then check city bylaw

Hi Ray, Honestly, it is easier to just hire someone off of Kijiji with residential management experience and have a set template for monthly reporting. I haven't found are any good single unit property managers. Most have huge fees and perform zero service. No reporting, no property visits...

Hi Kyle, Try to get 20% down. CMHC will charge fees that will amount to 4% of the mortgage amount (CMHC). So your 5% equity down becomes 1%. The amount you pay for capital should be less than this. Deeply cuts into your profit margin. Mortgage flexibility is the most important thing you...

Caution that ETF strategy / robo-advisor only works well in trending markets and liquidity falls apart when you want to exit the position. In oscillating markets, ETF strategys will likely underperform.

Month to month is great if you value flexibility / have a view that rents are going to decrease and want to move opportunistically in the market to get a better deal. If rents are moving up and you don't have a desire to move then it may be worthwhile to stay. Talking with the LL about the...

I'm not trying to be a smartass but honestly, there is enough online that there is no need for paying for this sort of thing. It really is as simple as "Zee, and/or assigns" on a PSA... It is useful when you have a line of sight on an equity partner but need to tie up the property before...

I think it will reduce your ACB and you may end up owing tax if the equity take out is greater than your ACB. Unless you developed the property yourself, it probably won't be. Just keep in mind the trailing tax liability on the back end.

Question is answered by cap rates... Edmonton cap rates 4.25% - 6.50% For $200k, unlevered this means $8,500 - $13,000 per year, $708 - $1,080 per month of NOI. Cap ex is 20-25% of NOI historically (NCREIF, check out some annual reports), so $560 - $860 per month on the high side....less than...

@Willyboy Difference is going-in cap rate vs. disposition cap rate. It is standard. There is also a stabilized cap rate. If the going-in cap rate is lower then the Realtor is probably showing how current NOI has room for growth. Don't believe anything Realtors have to say on what a 'good...

If you want to be merchant, be merchant. Add the improvements and sell. Don't refi and hold. The bank is not going to want to do such small deals and will be wise to what you are doing and will not pay you for your work. If you want to do a reno and refi strategy then it is easiest to use a...

A few problems with your math: - you can invest with pre-tax money into RRSPs... you can't do that with direct investments done personally or in a corporation so you are investing with 70 cent dollars into a mutual fund and don't owe taxes until withdrawl... bigger advantage the longer your...

My two cents on this... If you have 20 units+ properties you can get pretty good PM who will provide adequate reporting. Below that threshold, you are probably better to do it yourself in Alberta anyway. Calgary / Edmonton doesn't have any good small PMs I have found. There are tons of guys...