My first question would be to Mr. Turner, and it would be asking him what percentage of his income comes from a passive source such as rental properties. What credentials does this guy have that would enable him to write a book which forecasts a market`s real estate performance? Seems like...

Currently holding 602 suites in Calgary, and considering converting some into condos. Investing in RM4 properties in beltline area, and then package them for resale to developers/investors. I`m staying cash positive and diversified with gold and foreign currencies. Wow! Hey MONEY, I`ve got an...

I would say that it depends on the mortgage that you have. If your mortgage is small, you could reduce rents to the point where you`d at least get tenants in place and have a modest PCF every month. What would $1,000/mo of revenue (as you`ve budgeted, with the garage included) end you up with on...

Debt servicing is everything in this situation. Especially when you are carrying multiple properties. And you haven`t provided us with any information on the servicability on them. Good point, totally agree. That said, I`d still be very hesitant with a no-money-down deal. Overleveraging is...

We would like to move into a residence with a little more space and have been told by our mortgage broker that we qualify for 100% on the new place and keep all 3 places to rent. That`s quite risky. Even if renting out your current place will give you positive cash flow, your monthly cash...

Hello All: I`ve read in a couple different places that the Manulife "One" product is a pretty effective mortgage financing solution. Can anybody comment on this? Looks like they`ll lend you up to 90% of the appraised value and your direct deposit employment income essentially reduces the...

Principal paydown isn`t an element of positive cashflow. That`s something that could be used in ROI/ROE calculations, but for cashflow statement purposes, it`s not relevant. Depreciation is a similar example. It`s a non-cash item. Cashflow = All cash inflows - all cash outflows. Very simple.

Hi Guys: Just wondering if anyone had a good source for quick data on relevant economic indicators. Things like in-migration, income growth, new construction, rental rates, etc. I understand there`s an Economic Fundamentals Reseach message board on this website, and Joe posts many excellent...

Thanks Greg. Very well said. Really appreciate it.

Thanks again. As it stands now, the plan is still just to sell one of the two, which would allow me to refinance everything. What I`m really looking for is a backup plan in case neither sells. So excited to be done with this.

Honestly bro - if you are really in trouble you should cut someone in on one of your deals and free your mind of this. Chalk it up to experience and move on with your life. Thanks, and I don`t disagree, but how do you do this? How do I simply "cut someone in"?

If the sellers have agreed to a contract with you then you are in control of it until the condition date expires. You can`t be `bumped`. If they accepted your conditional offer and cashed your deposit cheque it is your deal. The new buyer would be submitting an offer that would only come into...

Thanks very much, guys. Peter & Jason, since you both are mortgage guys, would either of you be able to help? I do have one mortgage broker but he essentially said that refinancing/repackaging is out of the question right now. Also, would you folks mind explaining the benefit for me of having...

I agree with Navaz, a JV partner seems indicated. I`m not sure how comfortable I am giving someone else title rights to two properties which are both in prime Calgary locations. Worst case scenario, I could always get my dad involved, but to this point I haven`t really told him any of this and...

Hello: I`m 25 years old and have just gotten my ass-kicked in a real estate deal that started last June. I`ll try and be as specific as possible, and any advice you all can offer would be hugely appreciated. I bought my first property in Calgary back in 2005, a couple months before property...

Tom - first off, don`t be overwhelmed. All the analysis you`ll ever need to do requires about Grade 9 mathematics. And with all due respect, I wouldn`t listen to the fellow who responded earlier and suggested that it might be better to accept a negative cashflow position because the real estate...

Hi Ryan: I own a house that`s currently for sale in Calgary with RM-4 zoning. What it means is that you can have 4 separate entrances/suites on your land. There`s also a new zoning law taking effect in Calgary in June, and my realtor was saying that it`s something to do with RM-4`s with the...

Congratulations! I`m actually a Vancouver transplant living in Calgary, I grew up in Tsawwassen. I`m personally more interested in Nova Scotia as an investment than Newfoundland, but all of the Maritime provinces are intriguing to me for investment purposes.

Hi James: Do you live in St. John`s? I`m in Calgary and am interested in Maritime properties myself. Lots of offshore oil development and very, very affordable housing. How difficult was it for you?