As both of you have indicated, suited properties will be the favoured choice for CF. With no cash for down payment especially. Also, since I live in BC I have no choice but to employ a PM for each property. I think suited properties is no longer a preference for me but a necessity, unless I...

Perhaps if my 20% down payment were cash then they would still cash flow. However, my down payment is from the HELOC which is currently 4%, the mortgage would be 5%. With the average town house in good shape renting out around 1300, that just doesn`t cover all the operating expense plus loan...

Hi all, It`s me newbie again. Long time no post. So for those of you who have not read my other posts before, I started getting into investing in spring after 2 Quick Starts. As I live in Vancouver and want to invest in Edmonton, even though I had hoped to target suited properties for more...

Hi Thomas, Thanks for the tips. I`m actually writing all these things down in my checklist for the next vacancy. I`d like to know what you meant with the tip on "ATTENTION STUDENTS - ONLY $450/month in BRAND NEW TOWNHOUSE" though. Nepoez QUOTE (thomasbeyer2000 @ Sep 10 2008, 05:33 PM) great...

Hi all, Thanks so much for all the feedback and support! I have leanred quite a few tricks from your responses and some of your private messages and I will try them out next time. However it looks like the ad I had worked after all, this ad was changed just 4-5 days ago after revising my...

Hi thanks for the suggestion. I will take a look at ads that attract me and learn from them.However, according to the REIN document I kept from the QS, which I went over, said I should write lots. My original ads were short and brief like your suggestions actually because for some reason I...

Right, the price is the first thing on the page though. QUOTE (TodorYordanov @ Sep 10 2008, 05:15 AM) If I was looking for a place, adds without a price go down to the bottom of my list. I can`t picture myself in this unit unless I know how much it will cost me. Todor

Hi all it`s me newbie again, I`ve recently purchased my first town house in Edmonton after 2 Quickstarts. I`ve hired Libertas Properties Management to manage it. It`s been advertising for over 2 weeks and so far it isn`t renting out. Here are the ads I`ve posted myself. Libertas has also...

I guess what I mean is having something cash flow in the analysis sheet with the interest rates of 7%. QUOTE (DianneDachyshyn @ Aug 10 2008, 08:44 PM) I agree that rents vary depending on many factors such as location and amenities. The point that I wanted to make is that there are properties...

QUOTE (thomasbeyer2000 @ Aug 10 2008, 03:28 PM) use the following benchmarks in Edmonton and area for an average apartment with average location and average condition, with ability to go higher by 20-40% for a great location, a great view, an extra large suite, a yard, brand new renos, a top...

Hi All, It`s me newbie again. I`ve posted this once before but it was off topic so I`m creating a new topic this time. In Edmonton, will the rent increase keep up to the interest rate? My break even property(and others I`m looking to buy) will become negative $250/m at a 6% interest rate so my...

Thanks for the info. What do you think of the safety side of things? Will it not cause smoke damage when used? QUOTE (brentdavies @ Aug 9 2008, 05:20 PM) We have a number of fireplaces in our rental properties in Edmonton. We have the fireplaces inspected and cleaned by a certified...

Since this is in ON, rent might not match the rising interest. If this were in Edmonton, do you think the rent increase can keep up to the interest rate? My break even property(and others I will buy) will become negative $250/m at a 6% interest rate so my ability to increase rent by that much...

Hi all, I`m mostly concentrating in town houses in Edmonton. I see quite a few nice units at good prices now but many have wood burning fire place. I`ve been told be a PM that fire place scares him so I`ve been staying away from those. What are your opinions on renting out units with fire...

QUOTE (investmart @ Aug 8 2008, 12:06 PM) operating income: 0.6*58.2/746.5=4.7% CAP =~mortgage interest In other words, unfortunately 0 cash flow. Since it`s a none top city to invest in we can not expect much appreciation either. If that statement were true, Marcus should sell all his properties?

Matthew 20:1-16

Thanks Garth, That does help. It gives me some idea of what to work with. Nepoez QUOTE (GarthChapman @ Aug 4 2008, 12:00 PM) You can secure your loan by way of a mortgage or by otherwise registering your loan on the Title of one of the Borrower`s properties (in Alberta you can register the...

Hi all, One of the ways to acquire a down payment for many people are via private lenders. I`ve been approached by a buyer who needs 20k for a down payment who will pay for the lawyer fees and monthly interest of $500. The reason for the need to borrow is because the buyer owns a house...

What is the description of the property, and how much would you sell it for? QUOTE (Charly @ Jul 31 2008, 08:43 PM) Question: I am considering relocating to another Province. I own my house in Calgary (Inner City). Would it be best to rent the place out for the next few years or sell now. I...

Yeah.. can someone explain why it`s easier than a mortgage? QUOTE (JSB @ Jul 31 2008, 09:29 AM) A higher downpayment will minimize the risk, sure, but if you can`t service the debt then they`ll walk away. Think of it this way: when a bank gives you a mortgage, they`ve figured out all their...