Hi there, I've been building spreadsheets for a few properties and I'm wondering if there is a way to estimate annual insurance costs? I've looked at a couple online calculators, but they seem to be for owner occupied properties. I know there are a lot of variables, but is it possible to make...

Thanks for the info. Living in the property is not an option since I'm currently working and paying rent in Toronto, and I want to buy a place in my hometown a few hours outside the city. I hope to move back there within six months to a year, if not sooner, but I'll have to quit my job to do...

Based on your math I won't be able to continue paying $1100 a month in rent and buy a property at the same time, unless the bank will apply a portion of the rental income toward my gross income. I've read that banks will do this and have seen numbers between 60 and 75 per cent. Is there a hard...

Thanks for the quick response. I might stay here longer, but I'd really like to leave Toronto within the next six months, so buying something here is not an option. I've been watching the market back home and I have an agent who's been helping me build a database of selling prices in...

Hi there, I'm in kind of a unique situation and hoping I can get a bit of feedback and/or advice from some of the members here. I live in Toronto and I'm currently renting an apartment for $1100/month. I'm 51 years old, divorced with no kids, earn $40K a year, and I'm debt free. Before taking...

I just calculated over 3 years of water bill history that the per apt water consumption in a 24 unit 1970's era building I have is between 975 - 1100 liters per apt per month, 700-800K liters per month on the building. There are only 2 appliances in each unit, no dishwashers, and the laundromat...

Hello again to the readers and frequent poster Thomas, I've suddenly found myself with 250K in RRSP funds available in June and have decided to use them to diversify into Albertan RE with a trip out to AB to look at the assets underlying different LP's as part of the due diligence to pick 1-3...

By summer time my wife and I will have 250K in RRSP's and at least 200K in cash following a refi that was posted about yesterday (and kindly responded to). I had been thinking of putting $$$ in 1-4 RE LP's in Alberta RE to diversify away from the East Coast but adding these numbers up made me...

I have a multi-family building under contract that was in a competing offer situation. The vendor is facing a 56K payout penalty on their mortgage based on the difference between current rates and the higher mortgage rate so I offered to assume the mortgage instead of raising my price. She took...

Hi, I have a multi family that is being refinanced this summer. I expect a good sized check as there has been over 3K/month in rent roll growth. If I put this money in a separate bank account and don't touch it, and then use that to buy another investment property, then my understanding is that...