Very interesting! I live in Vancouver and used to live in Burnaby right next to NW. It`s one of the cities that I don`t consider the boonies but yet has pretty reasonable prices. The only thing is, in my head NW is a little ghetto. Don`t take my word for it though, I haven`t been there for...

Hi All! Thanks for all the feed back. Samwei, I finally found one last week and made an offer on it. Today I looked this post up and saw your description below and everything matches my analysis sheet. It is also a 3br town house. It doesn`t cover my heloc payment fully but it`s almost...

Hi all, it`s me newbie again. Since my first REIN QS in April, I`ve been looking for cash flow properties, specifically 3br condos/apartments or town houses in Edmonton. I`ve got a realtor whose also a REIN member helping out. It is now July and we still can`t find any that cash flow. I`m...

QUOTE (Sarnia @ Jun 17 2008, 08:49 AM) If you purchase the entire apartment you would be looking at commercial insurance. If you are buying individual townhomes/condos within an apartment, the building insurance is carried by the condo board. However to protect your investment, I would...

Hi All, I just want to throw in another question. If I only purchase apartments and town houses what kind of policy should I obtain?

Thanks so much for the explanation. Because of all the answers I received, I now have a much better direction. I realized the following: - my analysis is based on residential mortgage which means my projected net income is off. - even if my projected yield is correct, the yield of 2.5% is...

Thanks Thomas for another detailed reply. However as the newbie that I am, I`m not really absorbing what you said. So if the going-in CAP rate of a property is only 2.5%, it is not a good investment? How does the going in CAP rate affect the price of a $1m rooming house in 5 years? I guess...

So does this go the other way too then? QUOTE (invst4profit @ Jun 10 2008, 01:55 PM) Basic monthly cash flow should increase with the increased purchase price based on the buyers increased investment. I would not expect the same profit on a 1,000,000 property as I would on a 2,000,000 property.

Thanks Peter, By the way, I find your presentations at the 2 quick starts I`ve been to very educating. Prior to your reply I`ve just forwarded the deal to my mortgage broker to have a preliminary assessment on just how likely I`ll be able to get financing on this. If what you say is the case...

Hi Bob, Thanks for the response. So basically to estimate how much I would be able to sell it for in 5 years I should assume 0% appreciation(market factor), and calculate how much it can sell for by the following. I will throw some numbers in for example. Property purchase price now...

Hi Investors it`s me again. My partner and I came across a potentially great revenue generating property. It is a supposedly R2 zoned property. It looks like a left right duplex but it`s been converted into a rooming house sort of thing with 16 rooms. My question is, assuming the investor...

Unfortunately I live in Vancouver so meeting face to face might not be as easy. I`ll check out some other resources you suggested though. Thanks! QUOTE (BobHudson @ May 18 2008, 01:49 PM) I would expect that a good property manager who believes that they are going to get some new/additional...

Hi Investors, I have previously talked about how I`m stuck at the stage of identifying rent. Since then I`ve thought of adding something as part of the process. Please let me know your feedback and constructive criticism. So assuming I have found some properties that will work out in my...

Thanks again for the helpful feedback. This reminds me that this is a business. Calling other `competitors` and finding out their product is probably a good way of bench marking.

Hi Investors, It`s me again with yet another newbie question. So I`ve gotten to the state where I am now looking for properties in Edmonton. However I am having trouble with one factor on my analysis sheet. Rent. I know I can look on rentfaster, and rentedmonton, etc.. even craig`s list...

Hi I think everyone here has made real good points and I`ve taken them all into consideration. As a new investor I will attempt to find completely self servicing properties at first. Since I only have enough to purchase 2-3 this year my team has time on their side in terms of searching. If...

Thanks! That makes sense now. QUOTE (ApexQI @ May 7 2008, 10:12 AM) What is a half duplex you ask? It is one half of a full property. It is like having two single family homes joined by a common wall and roof. They fall into the "attached dwelling" category and should not be considered single...

Hi all, I have a friend who`s thinking of buying a planned development lots zoned for houses and duplexes. This project is called the Tiffany Green Plan in Stony Plain Alberta. I`ve been asked to partner up. However there`s nothing in REIN that teaches about investing in such things so I am...

Thanks again for explaining such rudimentary things to me. It`s all making sense now. I`m just trying to make sure my analysis sheet as realistic and all these feed back have been excellent for my adjustments. Although it`s starting to make me feel that the goal is getting farther out of...

So if a property`s debt service is more than 50% of the rental income, you will assume that it won`t work? Say the mortgage+Heloc interest is $1000/m and the rent is $1700/m, then you have $700 left for expenses. You are saying that $700/m isn`t enough because 50% of 1700 is 850 and you need...