Thank you all - excellent feedback, and much needed.

Hello All: I am interested in hearing your ideas regarding what a realtor should be doing to sell in a buyer's market. I have a property for sale in Victoria, BC and my feeling is that the realtors are not adjusting to the type of market that is happening right now. I would really like to...

Perfect, this is the advice I was looking for! Thank you very much. Do you have a suggestion regarding property management in Edmonton, if the townhouse buy makes more sense?

http://www.bclocalnews.com/news/131230889.html Hello: I understand it to be bankruptcy, and the RBC bank owns the condos. A few left - apparently from what I can gather, and I have seen the inside of several of these - they are absolutely over built, gorgeous, and no condo that I have seen...

Thank you for this excellent feedback. I have looked at rental pooled condos - there are some in this area, and I am assuming you are not referring to 1/4 ownerships. Where would I be able to see the condo type deals that Russell Westcott bought? What area of Edmonton? What is your opinion...

Thank you!

Thank you for this information -- I have looked in the Victoria BC area and unfortuntately there are not many rentals allowed in the mobile home parks here..... I originally had thought it was a great idea also, but perhaps mobile home rentals are more common in other areas?

Hello everyone: I agree that it makes no sense to be mortgage free on investment properties, and that positive cash flow is king. However, what advice would you give an investor just starting out with 100-150K cash. Where would you suggest I start investing and how. I have read advice...

Thank you! Can you speak to the advantages and disadvantages of buying revenue property within a LLC as opposed to an individual with respect to JV deals? Much appreciated.

Hello Thomas: Thank you very much for this excellent feedback and you are absolutely right about the economic conditions here in Victoria. I recall an acquaintance who came from Alberta to do business here and he likened his experience to ploughing head on into a brick wall. I will...

Hello and thank you for this prompt and very helpful reply. I could rent the entire house for 2200.00 maximum, but as you have mentioned, the property still remains unattractive to investors. Victoria BC is not conducive to positive cash flow properties and I see that it would make more sense...

Hello: I have a rental property in Victoria BC, with a current market value of approximately 575,000. The top floor is rented at 1300.00/month and the bottom is currently my office space. The line of credit balance on the property is 400,000. I am looking for advice and ideas regarding...

QUOTE (Leo @ Apr 2 2008, 12:19 AM) One thought is to refinance - taking the equity you have in your home to put as a down payment on two other properties. If you bought outside of Victoria say in Langford or Sooke and got a home with a 3 bedroom suite up and two bedroom suite down - with a good...

QUOTE (thomasbeyer2000 @ Apr 3 2008, 12:19 AM) Unfortunately I can't open the link .. please provide the full long name .. Is this a HOUSE on the ocean ? or a condo with a view ? You may be right re a HOUSE as it has LAND on the ocean .. different price point than a condo .. and less...

QUOTE (thomasbeyer2000 @ Apr 2 2008, 12:44 AM) SELL IT ! Victoria, like some US markets, is overpriced and will drop by 20-30% .. while perhaps still gaining a few % points in 2008 / 2009 ! The income base is not there .. and with many speculators buying pre-sales condos, as soon as the value...

Hello: My question is how to be successful in investing in Victoria BC real estate market. My husband and I own a waterfront property in Victoria BC that we recently renovated. We bought the property in 2004 for 600,000 and the BC assessed value is now 1.1 million. My question is, because we owe...