Great share, thanks. Now, if we can subdivide lots front to back in the inner city for laneway homes...

If you are a techie-person it would be interesting to see where market prices would end up for off-peak parking in Calgary if someone put together an airbnb for parking. Highest parking costs in North America.

You have been flagged so nothing you can do now but follow every last thing the inspector demands. Pretty dumb approach for the city. Hopefully people get to the point they don't need garages and it releases this space to the market. Great for inner city to take pressure off streets and...

I know this area well. - reputation of the developer - return you will make buying new vs. buying current stock - buying presales is an appreciation / full speculation model. Basically you buy high expecting market will go higher, otherwise developers would not get presales in a competitive...

Why don't you need a license to trade real estate? Why would someone with money and investment experience use a wholesaler who took a weekend course and now wants a commission and can't trade in real estate?

The $20 per month for a laundry key is a good idea. Have an auto-closing, auto-locking door. People hate carting coins around anyway. Provided there is some courtesy rules to using the free laundry, this seems like the best solution to me.

Get the lowest value possible for the tax assessment. Lower expenses = higher profit. Unfortunately, it will probably be reset at sale, otherwise there would be value in selling a property that is undervalued by tax assessment.

No broker would focus on DIY real estate investors. Market is far too small. Most brokers seem to focus on whatever they can get their hands on.

I don't know what that means? Sounds like a British term. If buy and hold, then: - know the market in and out and know the buildings that are your competition, visit every one of them if you can - know your returns, cost of capital, and business plan (what you have to do to the building to...

Were they arguing the home was in disrepair, ongoing problems, property was not as it was represented? Did you agree to let them leave?

pros: very easy to put together a product and find customers. cons: charging 50%+ interest rates to those in most financially vulnerable position. general thoughts: rent to own should be illegal.

Glad to hear about your success. One caveat, is to be very concerned if you don't know what you are doing. Broken clock is right twice a day. Analysis paralysis is far superior to investing in something you haven't researched or don't understand. This "action first" mentality gets folks in...

Financing cap rate could mean a higher cap rate that will be used by the lender than will be used to value and sell the asset - and it is something used by CMHC. Edmonton / Calgary very challenging to make sense of in-place assets. Most guys expanding portfolios in multi in Alberta are...

tenantverification but they are only okay, I haven't tried anything better. They did not flag a potential tenant for using a fake middle name and missing fraud charges that we uncovered down the road that should have been in the report.

Bad idea to begin with. Unless there is a huge demand for pools, you will have higher expenses and lower yield on the property.

Buyers of course pay commission. If the seller received higher net proceeds then the buyer would pay a lower price.

Excellent observation Willyboy. The reason it doesn't pencil is because multifamily is super-saturated in Edmonton and has been overbought by investors. There is virtually no value-add available on the market (what you refer to as requiring renovations) because investors are willing to pay the...

Kindof my point is that all you are pricing in is land=location, so find the $PSF of land in the area + cost of the building and voila, easy valuation. My prediction is that in the next 5 years, someone is going to break open the MLS and it will be public data. When assets are selling for 10%...

@Michel Lafleur great post. Any idea on the effect of absorption on the bid/ask spread? (ie. <20% absorption expect average of 10% variance from list, 50% absorption expect 3% from list) You seem like a numbers guy, what is the best neighbourhood index / valuation metrics that you use? Anything...

@Michel Lafleur thanks for the explanation. Any chance you would share the sell-through analysis on one of your target neighbourhoods?