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  1. bigbabba

    positive cashflow, what to do?

    QUOTE (investmart @ Oct 14 2008, 07:42 PM) What is "a very long time"? 2 years? 5 years? 10 years? The lengh of time depends on the purchasing frequency and other factors. if you purchase every month, then perhaps it can take you 1 year. now that`s not very long, right? if you purchase 4 a year...
  2. bigbabba

    positive cashflow, what to do?

    I guess the question was a little broad This question is not specifically for me. I am trying to figure out what people are doing with their cahsflow. The reason I ask is before I really started researching RE investing I always thought focusing on paying down principal was the number one...
  3. bigbabba

    positive cashflow, what to do?

    To get the best experience and results out of RE investing, I am trying to figure out what is the best way to spend or not spend positive cashflow. 1. Put it towards the principal of the unit that generated it? 2. use it to buy more property? 3. Use it as monthly income so you don`t have to...
  4. bigbabba

    rental pools

    a 2 bdrm has more weight, it rents for more money then a 1 bdrm so therefore you would get a higher percentage out of the pool of money.
  5. bigbabba

    Hold or sell

    I guess I`m disagreeing, I`m not sure if you are follwing Mr Campbells teachings or not, but even in his book it clearly states that having negative cashflow propertys is a disaster in making. To ride on one property with positive cashflow is not a smart move but each their own I guess. if he...
  6. bigbabba

    Hold or sell

    QUOTE (C2Ventures @ Oct 9 2008, 08:42 PM) HOLD, HOLD, HOLD...And buy a house in Ontario as well with some of your equity in current properties! As long as they are cashflowing, why sell into a depressed market? Calgary values will take some time to rebound but those who can wait will do well...
  7. bigbabba

    Changing closing date during 10-day cool-down period?

    QUOTE (llee @ Oct 8 2008, 03:07 PM) Due to new organizational restructuring at work announced today, bad economy and uncertainty, flat (or down) real estate market in the next few years, is it OK if I walk away from the deal (even though I should be financially qualified) due to my gut feeling...
  8. bigbabba

    America (and Canada) is addicted to credit

    I agree with you Thomas, it`s hard to say what`s going to happen..as I have been watching this unfold now for over a year. Economist have been flip floping weekly so I take what they say with a grain of salt inclusing Ben Tal, end of June Tal was predicting a 5% increase in Canadian real estate...
  9. bigbabba

    Stocks down - real estate up?

    most people who play with paper investments dont really invest in real estate (some but not a lot) just like vise versa, there is always this stigma between the 2 types of investments. RE investors mainly think that playing the market is unsafe and paper investors say that it takes too long to...
  10. bigbabba

    reserve fund per unit?

    QUOTE (gwasser @ Oct 4 2008, 09:04 PM) I think 10K per unit might be a bit much. You could use the vacancy rate for the property type and area that you invest in as a starting point and double it. Thus you could estimate the number of months you would not expect to rent per year and put that in...
  11. bigbabba

    reserve fund per unit?

    I have yet to purchase an investment property but I always believed that for every house/unit you own you should have a reserve fund of about $10k. This number might be generous so I am wondering what the experts say about this? I met someone a few years back through a mutual friend who bought...
  12. bigbabba

    U town investing?

    QUOTE (housingrental @ Oct 3 2008, 05:21 PM) Hi I can be of some assisstance I have a few hundred student bedrooms around Waterloo that I rent out or manage and also do some non-student residential. Student rentals can be great but only if you get a good product and do a good job managing it...
  13. bigbabba

    Student Rental or Standard Rental---Which is best?

    I know I am a little late Mike I found your post very informative, some of your logic is the reason I am looking for student rentals instead of your average family rental. if a house is lets say a 5-10 min walk to UW, what kind of rent can one ask for per room?
  14. bigbabba

    U town investing?

    thanks Russell
  15. bigbabba

    Buying new homes from builders

    I agree with gwasser, the build quality of the new homes are very poor, I have owned a new house and I can tell you that it felt like i was living in a cardboard box, poor construction and even poorer material being used. Stay away, and as for Tarion forget about them enforcing anything. I sold...
  16. bigbabba

    U town investing?

    well, there is really only one thing at this point. I have not read much about student rentals so that is really the only thing holding me back at this point. I am trying to see what are the pros and cons of this type of rental as opposed to just renting to a family. I know some of the pros...
  17. bigbabba

    U town investing?

    hello everyone I`m looking at buying a property in a university town to rent out to students. Can anyone give me some tips on this? I have a nice sum of money to invest ($100k) I will not be investing all but it`s just money I have to play with. I read Don`s book a couple of years ago and many...
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