My gosh! So many things to consider. At least when I eventually get into this industry, the barrier for entry for others will be higher. :) Based on your other posts, I suppose the next step, is to start small with something and then gain experience before I move up the ladder!

Out of curiosity, how does one come up with a cap-rate, of say 6%? Is it based on similar properties in the area? Or is it based on yourself as an investor, that you could get 6%+ somewhere else (stocks, other cities), so anything less than that isn't worth it for you? I guess i just...

For the record, this is a live/work condo in the greater-Toronto-Area in a highly sought after area steps from the lake. (Residential condos in the same development are going for $1M to $2M+). It appears that some of the "it depends", depends on the location as well, and not the simple ROI or...

I know the answer is likely going to be "it depends", but how would you evaluate the following property: - Net cash-flow of $4,000 / month (gross revenue minus property tax, condo fees + utilities etc) - An average appreciation in the area for the past 5 years of 5-8% What would you pay for...

Can you please change mine to LawrenceMak?