QUOTE (Luong98 @ Aug 3 2010, 07:42 PM) I have a side by side duplex which I`ve been receiving several noise complaints from my new tenant about his neighbor`s music playing too loud during the day. I`ve tried to rectify the problem by requesting the other tenant to keep the volume low which he...

QUOTE (jarrettvaughan @ Aug 2 2010, 10:48 AM) 5%-6%???? Where is this? Toronto, Cambridge, Kitchener, Hamilton

QUOTE (ThomasBeyer @ Aug 2 2010, 10:04 AM) why not 25:75 or 40:60 or 50:50 ? That`s a very good point I think it all depends on how much the investor puts down- the more he puts down, the less the expert can take for himself.

Hi John, Few answers: - Usually for a large multi-unit apartment buildings, the commission each side is getting is not more than 2%. That is why I used 2%. - As for property management company: they usually charge between 5%-6% of the total rental revenue and on top of that you need to pay...

Although 50-50 split between the investor and the expert is the norm, I don`t agree with it. I think that the expert can get his/her commission in few ways: - When buying the property, if the expert is also a real estate agent, he/she should get his commission. from the seller and not the...

Part of the 25% net worth CMHC requests is the down payment, so let`s take for example a purchase of 1 Million dollar apartment building, you can be qualified to put down only 15% down payment (which is $150,000), but you need to have in your bank at least $250,000, since CMHC wants to make sure...

I know few triplex properties in Niagra that have totally different numbers. For about $200,000 in Niagra you can find a place where the total rent can go up to $37,000 in a year, thus giving you a cap rate of about 8%. I think that if you are planning to move into the area, you can lower your...