Thanks folks. I appreciate the feedback. I`ll see how much he`ll come down from his 300K ask. Sounds a bit overpriced given the comments here.

Private sale. 5-plex, mix of 2brs and 1 brs tenants pay heat and hydro. Winnipeg (area is probably 2.5 out of five) Suites are all in good shape, new windows, etc Price 300K Rents 3K per month Gross monthly expenses (15% of gross rent - insurance, maintenance, property management) $465 Taxes...

QUOTE (MikeMcCrae @ Nov 23 2009, 02:37 PM) RBC does not have mortgage brokers! They have mortgage specialists that will see you outside of the branch at your convenience, but they are employees (or contract employees) of RBC and only sell RBC product. If you are buying a property larger than 4...

Bump. How do you delete your own posts??

For those of you investing in Manitoba, the RTB recently made an announcement regarding the inclusion of duplexes and 3-plexes in rent regulations. Up to now, landlords were free to set the rent at market rents after a tenant moved out. That "loophole" as the RTB calls it is being closed...

QUOTE (drbigb @ Nov 21 2009, 04:43 PM) I am wondering if anybody here as any experience in the Manitoba market. I am looking at a 4plex that is fully rented and by the looks of things the tenants will probably never move out. With Manitoba`s rent controls allowing on average just under a 2%...

QUOTE (fumbrunner @ Nov 20 2009, 09:43 AM) hmm, interesting. I contacted an RBC Mortgage specialist here in Manitoba and was told that it could not be done. Is this just a very good commercial rate? What is your ammoritization? I stand corrected. He called me back and told me that RBC does in...

QUOTE (JasonEtheridge @ Nov 3 2009, 09:37 AM) Hello All, Here is a success story with a message. I had an offer in on a 6pex in Orillia. During the ALIFE weekend here in Toronto I spoke to the mortgage brokers on site and was asking about rates and if I could get residential rates for a 6 plex...