I'd offer to pay them in McDonald's cheeseburgers. I'm not sure on the burger-to-lion exchange rate though.

Brett, I met a pretty good business broker the other day. Give me a shout and I'll pass along a couple names.

This is why my wife and I moved back to Canada after 4 months in Ireland back in 2009. Awesome time, terrible economy.

Always, but it's a discussion and lots of people don't realize all the work and costs in selling a property. It's also a good question to compare a couple agents and see who is likely to get you more money for your property and/or be better able to handle the roadbumps which can result in...

Thanks Adam ;)

Hi Dan, I'll shoot you a private message.

Speaking of the Oracle from Omaha, here's a video of him on CNBC talking about buying single family homes. http://www.youtube.com/watch?v=KMvQPeBAesw

Brett Turner at Redline does a lot in Cowtown. You might also try giving Matt Chapman at CIR a call. Brent and I both work in Edmonton - focusing on multi-family but also covering other property types. We're also happy to refer you to a specialist if you have something in specific you're...

I'd also like to point out that the 7/3 common here usually averages out to ~4%. 5% is common in ontario and most places in the US are 5-6%. For business brokerage (a small part of our business) we charge 10%. I think the 2% business models are fundamentally underpriced and won't be...

There's too many places to hide, pad or lie when coming up with cap rates. Can we make it do 8% on paper, sure. In reality, no. Max in reality right now is probably 6.5-7% for Edmonton and with a purchase price of only $500k you're not really buying multi-family, just a suited house. I have...

Seller financing can be thought of as an IOU. It's sometimes called Vendor Financing or a Vendor Take Back (VTB) Mortgage. Say you're buying a 100,000 property. You get a new mortgage for 70,000. You put in $15,000 of you own cash and agree to pay the seller the remaining $15,000 over the...

The 10% is for personal net worth per property, not downpayment.

Yellow letters essentially look for stupid/desperate people, and very few of those have multi-family buildings. I have a system for Edmonton which I'd be willing to share if you drop me an email. That said, Thomas is right on the money. It's very slowly meeting as many owners as you can...

Luke, you're allowed to work for one owner without being licensed. That includes collecting rents for them. Once it's two owners it's my understanding you have to be licensed, even if you're just picking up cheques and not actually depositing them.

There's several good commercial brokers who can provide financing advice. The lack of a job is pretty killer with that size of a portfolio, but get clear answers from good brokers. Try Garth Chapman (Gencor), George Hilton (Montrose) or Ahmed Assif (Excel).

I work on current comps. That's easy since I'm a Realtor, but you should have an agent pulling comps for you at least once a year, and/or have a search set up for when comps in the same complex/community/zone sell. That's what we use to trigger the 'we should think about selling' process...

First, buy the best assets you possibly can. I won't bust your chops about that since you know your stuff and you've already bought them. Sometimes this is the right moment to do a through evalution of the property and sink more money into it for preventative maintence. You're spending...

And I, probably incorrectly, use the term to refer to the pre-agreed end of the venture, unless we both agree to renew/extend.

I mean 25% gross appreciation. Buy at $200k means sell at $250k. There's a common clause in many JV agreements now for something similar. I intend on many properties to execute the math like we're disposing of the property, but instead of taking my (projected) $50,000, and give another...