Good question!

@Martin1968 Well, I invest my own money in these ventures as well. Eventually, I think you will find that you will need others capital to grow your business. I believe if you stay with REIN you will be introduced to the idea of "joint ventures" which is investing other people's money. For the...

@Martin1968 Small markets have very low liquidity and the smaller the markets you are in the lower your liquidity (Source). Small markets you should get a higher yield but its often not worth it because it is a lot more difficult to exit the position. My suggestion on market definition is...

I think top 10 in BC is a bit too narrow to be a useful index as there are not really 10 primary / secondary level markets in BC. This is a bit of a flawed approach as it is only bottom up and puts on the blinders to whether you are getting a reasonable return on your real estate in a global...

Unfortunately, Realtors are still the only source of that information. City-wide index available on Teranet. The yield on the property is 3.00% per year - before vacancy or cyclical maintenance requirements (3500x12 / 1,400,000). If you take your annual compounded appreciation expectation...

HELOC: usually 1 - 2% above prime so may be pushing 5%. On the inherited home, what is your forecast free and clear return per year? (total income / property cost)? What do you expect for annual appreciation?

@Luke13735 to add a bit to the "cyclical" thought, I'd suggest this reading material: https://www.naiop.org/en/Magazine/2013/Winter-2013/Finance/~/link.aspx?_id=8B220B99966444FB9CEFCD7A07C9B37F&_z=z Secondary markets the ones you are calling "cyclical" can be extra punishing to investors -...

@Martin1968 We've hit those returns with our funds. We don't "give" returns. Investors take risk and if the business plan is successful, they earn a return on their capital. Investing with 5% down wipes out 100% of your equity so unless you buy at a huge bargain or in a quickly appreciating...

Main floor is a bit different in suited homes only. For TH, 3 bedrooms is still relatively common but seeing more 2BD units now. Basement suites, new apartments, everything is going 2 bedroom now. For basement suites think of your tenant as typically below apartment-renter tenant. That's the...

Almost always 2 bedroom. Even if you do a 3 bedroom, advertise it as 2 bedroom + den. There is a market psychology that 3 bedrooms is just too much room / too much cleaning / not attractive for couples. Not sure why, but 3 bedrooms is a thing of the past in any kind of apartment setup.

Not a big deal to split the income or to change the split. Go ahead and adjust as often as you want. (No limits on change of ownership interest in the public markets). Hopefully you set it up as a partnership and not a corporation? Much easier structure for small investments. There can be a...

Don't suite the property if you plan to sell in the near future. There is no premium achieved on sale from suiting a property, especially if you have to use a GC (which you will as you are not located in the city). Top dollar will be from repairs / upgrades to to a whole-home user. Especially...

Mortgage broker is a better first stop. David Niven in Edmonton is a great guy to talk to.

Better to do an IRR / developer-style valuation of the buildings rather than cap the income potential or current. Look at valuation upon completion (CBRE, JLL, Colliers have cap rates for rough calcs, or ask Realtor for comps) Developer analysis: Value upon completion - closing costs to sell...

At 20, focus on education and flexibility. Real estate is not a great investment at the foundation stage unless you really want to be nailed to the ground where you live. Given that you are going to a technical school, I'm guessing the job placements are mostly close to home but make sure you...

For SFH: Management fees are 10% for the leasing trailer (amount you pay for the PM to say they are managing your property). You pay fill rates, marketing fees, property inspection fees, supervision fees, setup fees...add them up = ~ 15%. Yes, better to build your own system. Just the...

Thanks for the detailed insight Michel. Overall, I think secondary suites / triplexes don't move the needle much when it comes to land value. Real up-zoning is required for that or long-term neighbourhood gentrification. Not really a great example of this in Edmonton, but one could suggest...

Do we still think 800 metres is magic somehow? Some recent research to suggest otherwise: https://www.greenstreetadvisors.com/insights/featured-insights/entry/the-transportation-revolution I don't think the question in any case is whether there is some benefit to being close to a...

Management fees are 15% minimum. So if you are charging market rents, you are at $2,500 / month with management fees of $375 per month. So cash flow is $125 per month, before cyclicals. Pretty bad. $1,500 cash flow per year on an assets worth ~$375,000 = 0.4% cash flow yield per year. How is...

1. alignment: fair promote structure (profit sharing) 2. why you must time the market if you are investing in SFH in Canada right now (income yields <3% and income return is -20% / year). Only source of return is from appreciation. 3. best free sources of real estate information (Crowdstreet, A...