I agree with Carla. I bought a property in 2008 that I paid 360,000 for. It’s valued at 320,000 right now, but in 10 years I have paid the mortgage down and have had positive cash flow from day 1 (with 20% down). I don’t need to sell it. I will sell when the market improves or when the mortgage...

Queen Mary Park has some pockets that are very nice. To say it’s a dumpy area is a bit extreme. I owned a 4 plex in that area for years and did very well with it. The further away from 107 ave the better. Sent from my iPad using myREINspace

This is what I say after 30 years of renting out properties and it works every time. You don’t need to over complicate it. Sent from my iPad using myREINspace

I agree with Sherilynn. There are ways to buy with little or no money down but they are advanced so get educated. If that is your only option consider taking Barry’s course. I took it a few years ago and would highly recommend it. Sent from my iPad using myREINspace

In my experience if someone starts sending ugly emails after you approved them they are probably trying to find a way out. Sent from my iPhone using myREINspace

I don’t know what your experience is as far as investing in Alberta. I have been investing here for 35+ years and i have made plenty of positive returns over the years. I am getting positive cash flow on all my recent purchases. The house price to rent ratio is not screwed in my opinion. Right...

I have been buying in Edmonton since 1982 and I’ve seen it all. I continue to buy here and continue to do extremely well. I manage 70 properties with ZERO vacancy right now. The latest stats show more people are moving to Alberta than leaving. 3 properties i bought this year that I fixed up...

I agree that you can make money in every kind of market. For the most part i see it as long term. It has been slow and steady for me. I don’t expect to make unrealistic returns (but I have made some amazing returns!). After 30 years of doing this I see the huge benefits of mortgage pay down and...

At the moment in law suites can be grandfathered so requirements aren’t as extensive as if you were putting in a completely new suite. You won’t have to put in another furnace but the basement Tenant will not have access to their own thermostat. To determine costs more information is needed...

I don’t agree. I have held properties for more than 30 years - both SF and suited. The suited have totally outperformed SF, especially in cash flow. My suited properties have not had less appreciation than the SF. If the suited properties are totally renovated and LEGAL the turn over is not that...

Have you done a legal suite before? 37,900 seems low unless you are doing some of the work yourself. Plumbing and Hvac can run 13-18k alone, unless there is a kitchen and bathroom already in the basement. 93.00 of cash flow isn’t great. I strive for 500.00 positive cash if I’m managing the...

I’ve been buying properties since the 80’s - both single family and suited. The suited properties totally out perform the sf. I️ typically get 500.00 positive cash flow from my suited houses. I️ can’t get that kind of cash flow on sf. I’m selling off some of my sf for that reason. Brenda...

Totally agree Sent from my iPad using myREINspace

I️ have self managed for my entire real estate career - 30 plus years. While it is not for everyone it teaches you a lot of important things - how to deal with tenants, how to find a good handyman, how to deal with renovations, how to be a good time manager etc. Once you feel you understand what...

I too have received 2 - 1000 fines. In the past they would just give me a notice to legalize but in the summer I was fined.

Does anyone know of a concrete cutter for basement windows in Edmonton?

I use Fort Road Appliances for new and used. Reasonable rates.

The flips I have done vary, as no house requires the same amount of work. Some need furnaces and roofs, some don't. $30.00 a square foot is more realistic for a quality job to redo a main floor completely.

I have done a number of rent to own deals recently and feel it is best to take advice from someone who has actually been in that market place for awhile. It is definitely a senior strategy and can be time consuming, but is incredibly rewarding for all parties involved. I love my buy and holds...

I have been investing in Alberta since 1982 and have been through many ups and downs. This is the kind of market we have here. I invest in Edmonton and it's been very good to me. My advice: - buy for cash flow at least in the beginning (ie suited properties) not condos - keep active with your...