Last year on an 11 suite building in Edmonton at People's Trust I got a one year interest only mortgage at a 65% LTV at prime + 1.5% since rent rolls were not stable. I paid them .5% placement fee and the mortgage broker 1%. Now rent roll looks good. Dealing directly with Peoples' Trust to...

Hilarious!! I think I'll take a nap now...after a healthy splash of Chianti wine. I work out regularly and eat a Mediterranean diet and laughed out loud. Thanks! Danke! Gracias! Grazie! The New York Times on Oct 28/12 ran an article, The Island Where People Forget To Die, about the...

Hi Robert On myreinspace, just do a search for "Edmonton property managers" and you'll find lots of posts on what forum members say about many Edmonton PMs. Margaret Mama Margaret & Friends Cooking Adventures In Italy www.italycookingschools.com

Cap rates in a city do vary from area to area in that city. I found the key is to consult real estate owners or agents with a "street" knowledge of the neighbourhood I'm interested in and find out the cap rate for my type of property. Recent sales of comparable properties in that area show you...

What a wonderful thank you and acknowledgement!! ...Along with a good learning experience for us all. I think it's important to acknowledge people who do outstanding work and to promote them by spreading the word so others can benefit from their work too. Bravo! Margaret Mama...

I heartily agree with Adam's recommendation of Chris Davies and Brent Davies in Edmonton. They did an outstanding, professional, "attention to details", friendly job from start to finish when I bought my 11 suite property in Edmonton. They know the single family and multi-family markets well...

Richard's Monday morning mastery call today asked us to forgive people in dealing with/healing our conflicts. What if some people are dead or long gone from your life? A few years ago I followed Rhonda Britten's advice in her wonderful book, Fearless Loving, on page 198. Call me a West Coast...

My Edmonton property manager is looking for a full time assistant who's good at relating to tenants and is good with details. Her company manages 350 units so there's scope for doing a variety of interesting tasks. If you know anyone for this job, please contact Sandi Danielson at...

This is a good lesson for all of us. Keep on top of your property manager. If things aren't going well, either work together to solve the problem or find another manager. Sometimes we tend to hang on too long, working to change the situation when we should be giving the manager a shorter leash...

Richard's Mastery call today on being fully engaged with people and his previous points on holding ourselves back from what we want both dovetail perfectly with book I highly recommend, "Overcoming Underearning: Overcome Your Money Fears And Earn What You Deserve" by Barbara Stanny. In her...

As a "senior" or "almost senior" (depending on who you deal with), the last place a "senior" wants to live is a "seniors'" home. For as long as possible, hopefully til I die, I want to live in an active community with a stimulating mix of people of all ages, interests and backgrounds. Some...

Thanks everyone for your congratulations notes! I got back yesterday from a wonderful 3 week holiday in the South Pacific so am just getting back to participating again in myreinspace now. Happy New Year! Margaret www.italycookingschools.com

After a year of looking for a smaller multi-family building in Edmonton the REIN way, I'm now the owner of an 11 suite property on 82nd Avenue in Edmonton! I'm so grateful for all the help I got from my team in Edmonton and my fellow REIN forum members! Thank you Brent Davies for spotting me...

I sold some properties at the wrong time in the real estate cycle. I knew about cycles but should have taken a longer term approach and waited for the booms.

Hi guys I see no REIN women have added comments yet to this thought provoking thread. So here goes. Why do I invest in real estate? Real estate is the only investment that has made me some good money over the years. Why do I want the money though? Like others have said, I want a...

I don't know how old the condo is or what condition it's in. I've seen a few condo and house listings over the years that "forget" expenses for the inevitable repairs and maintenance. Adding repair & maintenance costs in to your income and expense statement above may take you into negative cash...

As well as extra money for the bank, you can also point out their security in the house would be protected if you were living there in October and November...assuming they don't sell it by then. Who wants to own a vacant house for a few months with winter coming on and with possible vandalism at...

Congratulations for being authentic and starting this excellent thread! Harv Eker's little gem of a book, Millionaire Mind, has an excellent chapter on dividing up your monthly earnings into categories like "saving" and "play" so you save for investing but get to spend some money on play, to...

A cardinal rule for me is that I always go and see any property I invest in as well as walk the neighbourhood around it. Break this rule to your peril. The building condition may not be good with repairs needed that you will have share the expense for. Check out the strata council too by not...

This happened to me two years ago, but I didn't get a letter from GMAC. I found out by accident through an inquiry phone call to them. They told me they were getting out of the mortgage business. A mortgage broker I called said they couldn't help me with an older five unit property spread...