In Calgary taking an unfinished basement and suiting it is going to cost about $30,000 and give you an extra $900/month so the ROI is about 3.5 years. Not bad but not great either. Some of the risks: [list type=decimal] Putting in a suite that isn't zoned correctly in Calgary raises a lot...

This is what you get in my home town for $400K ...yup its a trailer...but its got great views :)

Thanks Ray! My Canmore realtor just did this video to help with the marketing. A very cool idea that I would encourage others to look into.

try having a look at www.bowvalleypower.net and https://www.bowvalleypower.net/docs/electricityPriceReport.pdf

Hi All, well we just finished our first major reno/flip project and I couldn't be more excited about how it has turned out! I did a couple of videos. Here is a link to the before and after videos. We still have the "flip" side of this project to complete but we had Canmore realtor tour...

Wow! That is the power of real estate for sure! Generational wealth! Thanks for sharing Todor!

For all concerned with this thread you should be aware of the following...thanks to Sandy for posting. Update: There is an important meeting to discuss options to develop a SECONDARY SUITE policy in Calgary. Landlords need to be present to have our voice heard! TO BE HELD 2011...

I would make sure you can actually do the re-fi before I told my partner I was going to buy him out! But your question is about taxes. If there are gains for your partner he will have to pay them. Doesn't trigger anything for you. Talk to your accountant and lawyer to verify your...

I am writing a post about why rising interest rates are good for investors (i'll let you know when it is done) but the long story short is this....rates will rise when the economy is ready. When the economy is ready there will be no housing collaps. I for one am excited that rates are...

I was in Florida a couple of weeks ago on a family vacation and met up with some local investor friends of mine. Check out http://usforeclosuretv.com/ Investing in Florida sounds good on paper but the reality is a stark contrast to the paper!! You need contacts, cash (no financing), feet on...

Guys, in no way shape or form am I even suggesting "just go with your gut"! Run the numbers every single time and if they don't make sense run from the deal. But I can guarantee you that Don, Warren Buffet and myself trust our guts even if the deal makes sense from a numbers perspective! If...

Hi Nik, this might be easier to explain from a sporting point of view as that is where the phenomenon happens most often in my life. Have you ever without hesitation just known that you are going to make a shot? Ever been so in the zone that your brain isn't engaged and you just "do it"...

JDR! I was with my mastermind group this weekend and we had a guest speaker in. He talked about the fact he has won 3 cars over the years and each time he absolutely without doubt knew he was going to win. Have you ever had that happen to you? I know I have. Maybe it was luck but I think...

Some will argue with me on this one but I think that the terms "getting started" and "investing from a far" should NEVER be mixed. Your first RE investments should be relatively close to home. The only way to invest from a far is to partner with a local expert!! This is money and more...

Fear is mostly irrational and most of the posts in this thread deal with rational. Fear of the unknown. Fear of failure. Past experiences. Lack of exposure. All of these things are what the average Canadian deals with on a daily basis. Unfortunately most cannot escape and are stuck in...

It should be around the 10% mark depending on some variables. The more product you have that is easy to manage the cheeper it will be. The more one offs in crappy areas with crack head tenants the more expensive.

Congrats to everyone who has contributed in the past few years! This is truly an amazing source of information. And thanks to REIN for providing an excellent medium for us to communicate!!

Re: 8% rule. I have found some data that is going to be a gold mine for Rein members. I have been able to source a large amount of data that will compair rents in any given neighbourhood to values based on property type. This is the data that I started looking for when I first became a...

I have been having some excellent conversations lately regarding the debate over For Sale By Owner vs. Realtors. Which is better? Well first off I hate the term "Better". This is one of those subjective and obtuse terms that should be removed from the english language so lets re-fraise it to...