I am looking for Real Estate Professionals who understand real estate investments and ideally know the ACRE system.
I would be grateful if you could share with me professional references in the greater Montreal for:
Real estate agent,
Mortgage brokers or banker
I read this portion of the book "Real Estate Investing in Canada (p. 132). Wiley. Kindle Edition" written by Don R. Campbell, and I was wondering if someone has some advices to share about that:
Somebody knows a good real estate accountant in Montreal?
It doesn't seem to be the way of proceeding (have them collect the rent...)? I wouldn't do that. I am expecting to pay for their management fees but these days rent payments can be made online.
Thanks for your feedbacks.
Following the REIN network system, the Authentic Canadian Real Estate System, I am looking to calculate the monthly management expenses in the property analyzer calculation and if I am not able to have a positive cash flow then that property won't be a good fit to reach my goal.
I guess it's not black or white but me personally I am not looking to manage properties for the reason that I would like to continue be expat for most of the year so in that situation it won't be possible for me to manage the properties.
So you would say that managing your properties doesn't eat up your time to investigate to buy new properties?
In my situation, I still have to find the time between my work, my RE analysis and personal life. I have difficulties to think I would be able to manage work, RE analysis, RE...
I agree and disagree with you :)
Yea I guess I should follow the local news to get my stats because, it took me like 5 hours to compile the increase average income for the city of Montreal vs Quebec vs Canada and bottom line it's a gross signal and already outdated because the last...
Thank you for your answer.
You're totally right, I need to find a realtor for my system who understands the type of properties and target geographic area I am looking for.
It's really a good advice you are giving me here about the vacancy rates and rents. :)
When you mentioned that...
Thank you Devin,
So in other words, if I can find the average rent for a specific borough in Montreal (and for a specific type of property) then I can simply start to use that average rent in my calculation and if it works out then I can investigate further!
Hi REIN members and followers,
First, I analyzed few macro economics factors (average incomes, housing affordability index, in-migration and demand, transportation expansion etc.) and came to the conclusion that the city of Montreal is a good area to invest in real estate.
Like taught in the...
Thank you Alvaro,
I do not tailor the rules or strategies, I try to apply the ACRE (Authentic Canadian Real Estate) system taught by Don R. Campbell (Cofounder of REIN - this network) from his book "Real Estate Investing in Canada".
There's so many factors to analyze, I am taking them one by...