I really appreciate your valuable insights, Thomas. One more question. I`ve contacted the Edmonton LRT office but they`re slow in replying. Roughly how long has past LRT construction caused disruption in front of individual buildings? Of course, a complete LRT line takes a few years to build...

If I have a PM, I delegate pretty well everything to them. In this case, I`d talk to the appraiser on the phone and let my PM make all the arrangements with the tenants to let the appraiser into the building. I`m a big believer in delegating. If there`s a special situation where I must be at the...

What if a new Edmonton LRT line is under construction right on the four lane street where the apartment building faces? Has LRT construction in various Edmonton neighbourhoods caused extra noise or extra inconvenience that discouraged tenants from renting suites, especially suites facing the...

I`ve always avoided buying properties on major traffic streets. I think the noise for suites facing four lanes of traffic would discourage tenants from renting them, especially when there`s a good choice of suites to choose from. What about suites in Edmonton facing major traffic streets? Do...

Some investors buying single family homes or condos may think the usual property management fee of 10% is "prohibitive". But actually a good property manager is worth every penny (you don`t want to call a plumber at midnight, do you?) and enables you to invest in other cities. You have to factor...

Last year when I was shopping for a new mortgage for my 5 unit house property in Nanaimo, someone said the Royal Bank would do it. I got my residential mortgage with the Royal Bank so give them a try. I`ve also found over the years that when a bank wants your business, they volunteer to get...

Thanks everyone for your ideas! I like the idea of telling the owner of my conservative numbers and challenging the owner to come up with the real numbers. I hadn`t thought of looking at bank statements either. When I buy a small multiplex, one of my subject conditions is the owner provides...

In my search for small multi-family properties, I`m running into more and more properties for sale where the owners don`t have income and expense statements. How they expect to sell a building grossing $84,000 a year or a fourplex listed at $800,000 with no income statement is beyond me. The...

I`d chat to the tenant and find out if the friend on the couch is a guest for a short time and if so, for how long. In my apartment complex, our rental agreement states guests can stay a max of two weeks and then must be approved by the property manager. If the friend is staying indefinitely...

Thanks so much, Thomas. Your advice and the other links you`ve posted in this thread have been very helpful!! You`re a REIN treasure. As you know, my expertise is travel in Italy, so if you ever need any advice there, I`ll do whatever I can for you. Margaret QUOTE (ThomasBeyer @ Apr 28...

What age, number of units and price range of multi-family buildings in the middle range of 90-150 a door? What age, number of units and price range of multi-family buildings in the A areas for 140 a door? I've bought 4 or 5 plexes and one 6plex...but not recently. I suspect you're...

What kind of properties are there for $100,000 to $150,000 a door? What asset classes? What locations? What return cash on cash---net income after mortgage payments divided by my downpayment -- could I expect on such properties? I need to open my mind! QUOTE (ThomasBeyer @ Apr 24 2010, 03:17...

I`ve crunched the numbers on a nice, well renovated fourplex in a good part of a major Alberta city. Price is $800,000. But I`d have to put down 35% or about $280,000 (ouch!) to make a measly cash flow of $400 a month on the whole building or about 1.7% cash on cash. I`m using 4.25%, 35 year...

I`d love to know where in Alberta, not really small town Alberta, you can put $120,000 down and buy an 8-12 plex. With the new 20% down rule, $120,000 would buy a property at $600,000. I`ve been looking at 4plexes in the $800,000 range in Edmonton with 20% down. 8-12 plexes on the top 10...

Hi Adam To expand on Investforprofit`s pragmatic advice to "stop screwing yourself", I`d like to suggest you take some quiet time to reflect and hand write a list of all the things you love to do in your business and in your life. What have been joyful times in your work life and life in...

Hello Barry Congratulations on your new, very professional looking web site! Last week I attended a teleseminar by Google on the 7 sins of landing pages. Here they are. I`m going through my home page with this checklist. You may find it helpful too. 1. unclear call for action. A clear call...

I`ve been looking at similar houses in Edmonton. My REIN realtor, Corey Young and future REIN property manager, Tyler Uzulman at Libertas both say to rent the whole house to one party. Perhaps an extended family needing two suites or some friends who want to share a house by living in two...

My old Nanaimo house with five suites isn`t selling on MLS so I`d appreciate your creative ideas. Listed at $339,900. Gross revenue $2500 a month. After operating expenses and mortgage payments, it breaks even. I`ve owned it since 1997 so want to sell it to get my capital gain out and invest...

First, congratulations on your creativity and win-win solution! Second, thanks for posting this very interesting strategy which is new to me. For the uninitiated, what is Quentin`s investment package all about? Sandwiches sound very healthy for real estate investors! Margaret This one blows...

Congratulations! This is a big step! Let us know how your due diligence works out! And how we can help you further. Best of luck, Margaret Thought I`d post on today`s milestone. After a few other properties didn`t work out, I had my first accepted offer on a rental property today. It`s a 5...