mrsean; Contact me via a PM and I can give you information about opportunities in our location. Regards;

I personally purchase properties in Fort St. John and Dawson Creek - just outside the Alberta border. We`re getting half duplexes to cash flow easily - even brand new properties. For example - we can buy a $230,000 duplex and get $1,550 per month rent. This gives you more than a 8% yield...

QUOTE (MatzoB @ Jun 30 2009, 09:55 PM) My "Big Fat Lie" which I know is intellectually untrue but sometimes feels real nonetheless is: Because I had a sad childhood (chased around and beaten-even harder if I cried from pain, grew up poor, told I was no good by my mother, locked up until I left...

Hi Everyone; Wow, what an excellent weekend we all had who just left the REIN ALIFE weekend. I`ve been a REIN member for a couple years now and have had some measure of success compared to where I was when I began investing, but this weekend really made me open my eyes to something a whole lot...

Philip; Thank you for your powerful presentation this weekend! Your talk about confidence really struck home with me, and it resonated a lot with what Steffany had been talking about the night before. I have no doubt that you can achieve your `summit` if you are truly commited, and I value...

Congratulations, Manoj!! That`s been quite an eventful period of time for you then! Did you find each deal seperately, or was that a bulk purchase? Keep up the good work, I hope to meet you at a future REIN event. Best Wishes;

QUOTE (terri @ Jun 22 2009, 06:32 AM) hi Ed, I agree with Garth, interview them and do your due diligence just like any other prospective tenant. I wouldn`t assume that just because they are professional athletes that they will trash the place. As quasi celebraties, yes they may have a few...

QUOTE (EdRenkema @ Jun 21 2009, 08:46 PM) I had 3 applicants for my condo tnhs in Hamilton that want to rent soon - July 1st. They are 3 single guys that play football for the Hamilton Ticats. They only want a 6 month lease and are willing to pay a premium. They will pay up to $1800 for a $1300...

QUOTE (Greatful @ Jun 21 2009, 02:29 PM) Here are the details.I have been approved for a $200,000 Mortgage as a 1st time home buyer with nothing down. However, I do not want to purchase a single family home to live in I would rather purchase a Duplex, rent it out and stay where I am (cheap...

QUOTE (Dan_Eisenhauer @ Jun 21 2009, 05:07 PM) Mitch makes some very good points. Here is part of the other side of the coin: 1) You have only one roof, one furnace, etc to look after in an MF property. 2) When you have a vacancy in a SF home, you have 100% vacancy... 25% in a 4plex. With an MF...

Hi Neil! Do not make the mistake of assuming that because there is more units under a roof that it necessarily equates to higher cashflow. I had this same issue as an investor I dealt with wanted to get into larger multifamily properties, and I showed him how by investing the same amount of...

Well, it`s 8% of the total gross rents - or whatever percentage you can negotiate with the PM. Adam - I wish you had a company in my area. Here maintenance people are charged out at $65/hour and paid $25-$30/hr tops. Then materials are marked up, etc. The maintenance of the property is...

Congratulations Dumar! I wish you the best in all areas of life - and take this advice from someone who was in the same situation - make time for family! Warm Regards;

QUOTE (RandyDalton @ Jun 11 2009, 05:52 PM) Just wanted to thank everyone who provided their comments. We did put an offer in on this property however lost it to a lower bid. Realtor thinks the big issue was our offer was conditional on verification of a Legal Non-Conforming Triplex. Makes you...

QUOTE (housingrental @ Jun 11 2009, 05:27 PM) Mitch - Re run your numbers. Randy`s net rent is higher than your potential purchase and for parity you`d need to be collecting $3180/month rent with tenants pay utilities. Randy will have a higher ROI then you from operations. Also you`re purchasing...

I don`t know Adam; I just had a builder I bought 4 properties from last year contact me a few days ago and wants to sell me 6 legally suited houses with seperate entrances, utilities and more for $350,000 each. With the rental rates of $1,500 for the top floor and $1,200 bottom floor with...

Another thing you haven`t factored in is saving for vacancy, or building a reserve fund. Is this property a legal triplex, or something that could potentially be shut down by your local municipality? From my calculations, you`ll be paying $1,785 per month on fixed expenses, and when you add...

Buy in Fort St. John, Dawson Creek BC. I`m still buying 1/2 duplexes that cash flow very nicely - for example; Purchase price of $230,000 Rent of $1,575 Tenants pay all utilities. Would breakdown like this Mortgage - $866.06 (Assuming 4.5% interest rate which you can lock in for 5 years...

Anyone able to help me to set up an `autoreply` feature? I know what I want to put into it..just not sure how technically to set that up. A certain program or something needed that autoreplies to every question regarding the suite? Thanks in advance!! Great thread by the way...