I have been looking for a while now (over 8 months) to find a property (SFH ~1000 sqft bungalow with 15.2m lot in SE or SW Calgary) and cannot find one that is cash flow positive. I am using the following to calculate the cash flow: 5% interest 30 yr mort 10% vac rate 10% maint and actual taxes...

QUOTE (ogopogo7bc @ Feb 4 2010, 08:00 AM) Just keep on thinking there is no upside here. The building he is talking about was bought for 19k a door(an amazing deal). And he is trying to sell without any upgrades. He also bought 4 other properties and flipped them for 7 figure profits.Ya no...

QUOTE (ThomasBeyer @ Feb 3 2010, 11:29 AM) no yes Thomas a mortgage broker who I met said that we could use an illegal suit to help get financing....... Was she lying to me? I didn`t go with her and don`t need the rent to make the payments (or help with the financing) on that property but...

QUOTE (ThomasBeyer @ Feb 3 2010, 02:02 PM) send me some details .. this may interest us .. or at least I can give you a view on price / CAP rates. I see the following downside, but likely this is too negative: a) in Ontario, with rent control and left-leaning, socialist, tenant friendly...

QUOTE (rainman11 @ Feb 2 2010, 11:55 AM) I`m wondering if anyone else has found the market to be very slow over the last while? Is this because of the US recession? I`ve been trying to sell a 63 unit apartment in Thunder Bay Ontario now for the last 18 months. Got a few bites but mostly only...

QUOTE (DaveRhydderch @ Sep 30 2009, 06:40 AM) To those who haven`t heard, the City of Calgary is running a pilot grant program to install/upgrade secondary suites into homes. They are willing to pay 70% of the construction and development costs. Here`s a few links from the...

QUOTE (bizaro86 @ Sep 25 2009, 02:54 PM) I think it depends on what type of degree you are getting. My wife and I both graduated with professional degrees (the type with accreditation boards) and both had job offers >6 months before we were scheduled to graduate. We got a bank to write us a...

QUOTE (clearyarchitect @ Sep 25 2009, 12:28 PM) Hello, Im a 20 year old student looking to get my money growing quicker but savings are limited when talking in terms of down payement, and income is slim as well. Any creative ideas on getting started with under 10k and limited salary? Thanks so...

QUOTE (hardel @ Sep 20 2009, 05:11 AM) .....Vacancy - Currently the rate sits at .4 per cent...... The property has a vac rate of .4% (it`s percent, not per cent )? That is really low! What is the length of term that the vac rate has been calculated for? I would think that a 5% vac rate would...

QUOTE (ChrisDavies @ Sep 25 2009, 02:23 AM) This is potentially a huge landmine, although I like the fact that you`re using 10% vacancy and doing the projections for 6% interest. What were you paying yourself for property management? Chris, I assume $100 a month for PM which is on the...

QUOTE (investmart @ Sep 24 2009, 10:23 AM) Hi All, I wanted to share info and ask about an option I heard exists when involving home insurance companies: Will the insurance company agree to pay me instead of their contractor, allow me to hire someone else to do the job.. and even keep the...

QUOTE (MikeMcC874 @ Sep 23 2009, 01:21 PM) Hi folks, I have been lurking on here for a little while and figure its time I jump into the discussion as i`m getting serious about buying my first property and have a lot of questions. I live in London, Ontario and am looking at buying something in...

I am looking to setup a few appointments this week with Realtors and Mortgage Brokers in order to start my team in Calgary. If anyone you know stands out and you think I should discuss my plans with them please send me their contact information. I am planning on buying a Duplex in the SE or SW...

Could you please forward me a copy of the spreadsheet? [email protected] thanks

QUOTE (luckyluciano @ Sep 8 2009, 11:37 AM) The reason many say that mortgages can only go up is because of economic factors pointing to inflation or even possibly hyper inflation.......... Most Economist don`t see inflation happening soon since it is caused as a direct result of increased...

QUOTE (FHC @ Sep 9 2009, 10:39 PM) ..... using the same cap rate of 7% and 47% actual+estimated expenses ..... What do you include in your expenses? Debt repayment? Vacancy Rate? Maintence? All of the above? I am also new to RE investments and have been working on a cash flow analysis but my...

Hello Everyone, So I have been looking into RE in Calgary for a while now (7 months) and have a little question for the experts. I notice that the cash flow on rental properties in the not so good areas of town (Forest Lawn etc) are better than say the South Calgary area since the houses...

QUOTE (housedoc @ Sep 6 2009, 07:55 AM) Since you will be living in it, your actual numbers will be different than a straight rental, but do the numbers as though it`s a straight rental, since it will be in the future. Use the general rules 1st to weed out the weaker properties. Then plug in...

QUOTE (EdRenkema @ Sep 5 2009, 06:22 PM) Good question, an investment RE agent is a critical part of your team. In order to answer your question it would help to know where you are from and where you are focused on investing, perhaps filling in your member profile would be a good start...

So I am still looking to get into RE but am a little stalled into what you guys consider "Cash Flow". I would love to know what variables people on here consider when calculating the cash flow of a property. I am trying to create an excel sheet that will give me a rough idea of which properties...