Hi, Correct. It was not and could not have been predicted by anyone in 2012. What does it tell us? That RE is risky business and any 'expert' talking with too much confidence about the future, is a case of 'respect while suspect'. Thanks

Hi, In this case reduce your cash flow to zero (yes, reduce). meaning maximize your ROI by looking for more expensive per unit but headache free properties (headache free in RE is a relative term) with higher expected appreciation. In other words, it is often a trade off - when cash flow is...

Hi, I think WSJ got it for a new purchase, not refinance. Thanks

Hi, What Thomas and Rickson said. Thanks

Hi, Very nice. Not because of the interest rate - you practically got around 1.86%+4.5%/5=2.76%, but because you put only 15% down - and that's how you start in this business. Congrats. Thanks

Hi, Can you please elaborate a bit. How were you treated by the banks? I mean l you have 90K. They don't want your business? Thanks

Hi, Sounds like you have a lot of potential to contribute. Just try to phrase your responses a bit better and maybe elaborating a bit, and your value add will be significant again. Thanks

Hi, Read Thomas summary twice - initially to understand and internalize, then to remember and take action. There is an additional good reason not to panic and remain optimistic - global population growth. This is the main reason real estate did so well and made so many richer than ever dreamed...

Hi, You are correct. It was kind of a rhetorical question. Thanks

Hi, You don't need me to tell you the answer. All you need to know is that CAP in Ontario's small cities is > 5%. Just do the math and you will see 5% CAP properties carry themselves with today's interest rates and the standard 75% LTV, 25 years amortization. (or 70% LTV or 80% LTV). Thanks

Hi, Can you define 'wrong person'? Credit score <600? previous landlord wouldn't re-rent to the same lady? Either or, or both? Other? Thanks

Hi, Good example indeed. I understand you thought he is an expert. no reason to dwell on anything. can I just ask what made you believe he is a 'real estate expert'? How did he explain his suggestion/What did he say when you shared your situation with him following his terrible suggestion? Maybe...

Hi, A banker sent 2 appraisers to appraise 3 properties my partner and I have in small cities in Ontario. On average based on the value the appraisers provided back to the bank, our properties doubled in value on average since purchasing them in 2007. Sounds good. Is this possible? For example a...

Hi, 3 years term or 5 years? Apartment building > 6 units, or up to 4 units? with CMHC? If apartment building without CMHC, then it sounds like commercial financing conditions are currently not worse than residential(!?) Thanks

Hi , Working with a Property Manager managing say between 15-50 units for you, would you ask/expect that rents be deposited to your bank account and then you will pay the manager, Or would you be Ok with the Property Manager depositing the total rents Net of expenses? Meaning the property...

Hi, Interesting deal. Operating businesses income? Can you elaborate a bit? Where? why you purchased? Thanks

Hi, A report you can find online where REIN ranked Calgary Number 1 concluding "Calgary has the long-term economics to support long-term market strength while other cities do not"...