Hi Everyone Just want to take this chance to say Happy New Year to all! As usual I am always pumped up to close the final chapter of current year, and start the New Year with great enthusiasm. I would like to close 2009 with a THANK YOU to all for a wonderful year of myreinspace blogging...

Thanks Adam and All for your input! For sure you all have given me plenty of information I could use in my thought process, and I thanks you for it. I have a clearer picture now on what course to take going forward. Happy New Year to you all!

QUOTE (investmart @ Dec 30 2009, 11:39 AM) ... for example one of the partners has 20K LOC with zero balance would you call this/use this ...... The way I will see it if this is my JV and I am the expert...it is irrelevant where the initial funds for acquiring, staying power/reserve funds...

QUOTE (Dan_Eisenhauer @ Dec 29 2009, 07:20 PM) Jason; I was a CPM and gave the designation up when I moved to BC. I started in the CPM program because I was the first person in Halifax to specialize in commercial leasing. This was the only program I could find that would teach me something about...

Thanks Adam and Brent for your response! Adam thanks for the thorough explanation of CPM. Over the Christmas break the idea came to mind and kept me pondering with the idea of extending my business to not only manage my own, but to also other properties. I believe to be able to attain this I...

Does anyone know what it takes to become a certified property management? Any investors out that have this designation under their belt? Where and what courses should one take? How much $$? What would be if any advantages and disadvantages?

QUOTE (RCrein @ Dec 21 2009, 11:56 AM) If your partner lives in the property he becomes your tenant with associated challenges if his tenancy drags on. Will you have a written agreement as to what will be renovated and his materials investment? Will his labour and materials minus value of rent...

I have a JV proposal from a friend and here’s how it goes. I will provide the cash down and he will put the time and money to do the renovation. We will buy an under valued property that is livable, but needs a bit of fixing to increase the value. The catch is he will leave there as a renter...

My investments are mostly in Calgary and Edmonton and they are a mixture of single homes and condos. I agree it will be relatively flat and we will see more unemployment. The fist half or the entire year will be much like the last half of 2009. With the interest rate possibly moving upwards...

QUOTE (DragonflyProperties @ Dec 6 2009, 09:38 PM) Hi all, An article from this month`s edition of the Western Investor. http://www.westerninvestor.com/regional/re...ies/story2.html Keith It is definitely putting NE Calgary suburb in the radar. The economic influences of the area could...

Quicken Rental Property Manager is a stand-alone software application to track rental income and expenses for do-it-yourself landlords. Intuit has created a quick and easy software solution that`s far superior to tracking the same information using pencils and paper, or even Excel spreadsheets...

QUOTE (audreyduval @ Dec 6 2009, 06:03 PM) Hello, I`m currently looking to invest in the NE calgary and i was wondering if anyone is specialize in this neighborhood who can answer my question! I`m currently looking at one place at the moment in Pineridge, but i`m little hesitant, because it will...

QUOTE (wgraham @ Dec 3 2009, 02:56 PM) ... Typically my investors put up the 20% deposit and I get the mortgage... Hi Wade I totally agree with you, he is giving the partner too much % given that he/she is not even putting any money in. I have a question for you regarding the above quote...

QUOTE (investmart @ Nov 21 2009, 04:02 PM) Hey, Would you definitely NOT rent to a tenant whose credit score is 425 or would it still depend on other things? only 1 collection in the past year. was explained it is due to divorce (for some reason I believe her/him). THANKS. Just my two cents...

QUOTE (zoltanwise @ Nov 16 2009, 09:25 PM) Hi I`m currently closing on my first rental property! Reading through the Canadian Real estate books I found that it would be a good idea to be organized from the start. I feel that I should know where I`am and where I`m going in my business. What kind...

The fact that this family have move 4 times in within a year...you called it. It is a red flag and enough to turn me off if I were you. As a side note the other way you could have done it before the credit check (which is what I normally ask during my interview) is to ask them how many times...

Hi Brett, Thanks for your reply! Yes they are here now and currently staying at their brother`s house. I will forward you agents name.

QUOTE (jbern34 @ Nov 15 2009, 11:19 AM) I am looking for recommendations on a reputable property management firm in Edmonton. Who should I consider? Who should I avoid? Has anyone worked with the company 'Rental Advisors'? If you do a quick search you should find tons of postings related to...

Hi all, A friend of a friend just migrated in to Canada and into Calgary and looking for an inexpensive place to rent. Given that they are starting from scratch and yet to land their jobs, they are conserving their resources while leaving off their savings. They would like to be close to...

QUOTE (tbarcier @ Nov 14 2009, 06:06 AM) I found Craigslist to be far worse for this than Kijiji. I can usually tell because the content of the message usually is far for what my ad is offering. I get alot of the "I`m from overseas and my company is moving me to work in your town" type messages...