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  1. Courtney Hammond

    Edmonton staging

    Anyone have a referral for a good stager in Edmonton? I’m looking for someone affordable and on trend :) (lol aren’t we all) Thanks! Sent from my iPhone using myREINspace
  2. Courtney Hammond

    Anyone own a 6plex in Alberta?

    The recent sold comps, and those listed are of buildings from the 70’s... and sold for about $100,000 less than we can build it for. There are a few reasons we are looking to build: 1) in house building- means that our cost to build as a great margin. 2) gives us the opportunity to keep and...
  3. Courtney Hammond

    Anyone own a 6plex in Alberta?

    My brother has built all of it before, he started in multi family, then townhouses/duplexes, his company has spent the last 6 year mostly building single family with a few duplexes. His father in-law has been building multi family for decades, and has a well established business. We haven’t...
  4. Courtney Hammond

    Anyone own a 6plex in Alberta?

    We haven’t bought the land. Which is why I don’t have the answers yet. It would be developed and held within my company, or sold off as individual units. We are currently just running numbers, when we hit the question of separate utilities or not. Sent from my iPhone using myREINspace
  5. Courtney Hammond

    Anyone own a 6plex in Alberta?

    Thanks Matt :) Once we actually settle on what we are building the numbers will tighten up. As the comparable products is what is dictating the range. I’ll post back once we nail that down if it looks like we are moving forward. Sent from my iPhone using myREINspace
  6. Courtney Hammond

    Anyone own a 6plex in Alberta?

    Thanks Thomas! Personally I’ve always thought submetering was the best way to go, but since I’ve never actually built a multi family I wanted to see what those who actually own them would say. We’ve ran the numbers multiple times now- so far they are strong with lots of room to be “wrong”...
  7. Courtney Hammond

    Anyone own a 6plex in Alberta?

    - what are your build costs per unit? Rents? Our high budget cost to build is about $140,000 a unit, and the low end of sales is $160,000 the high end is $220,000 based on the same sqft, bed/bath count and/or style. Rents for similar units range from $1000-1450 depending on what’s included...
  8. Courtney Hammond

    Anyone own a 6plex in Alberta?

    Normally the electric is separately metered, and just the gas and water is common. Sent from my iPhone using myREINspace
  9. Courtney Hammond

    Anyone own a 6plex in Alberta?

    We haven’t decided on the exact style yet, we were hoping that it would be 6 townhouses but there isn’t enough room with the setbacks. So we are looking into a bunch of options, currently in the city there are basement unit/townhouse above style that are selling well and are popular. (I wasn’t...
  10. Courtney Hammond

    Anyone own a 6plex in Alberta?

    Hi, I’m working on a possible investment build and it looks like the property would best be used as a 6plex building. We haven’t nailed down all the details yet, but I’m looking for any insight into the following: 1) should we do common utilities? Instead of each unit with their own...
  11. Courtney Hammond

    Good Evening, bedbugs anyone

    I'd say it would be a waste of my time and court costs. But that's just me. I would call the landlord/tenant board for Ontario and ask.
  12. Courtney Hammond

    Good Evening, bedbugs anyone

    In Alberta- the landlord is responsible to get rid of the bugs. They may attempt to ask for compensation from the tenant but the chances of winning in court if the tenant disagrees is slim. If it is a single family home and the landlord can prove that the house was bedbug free when the tenant...
  13. Courtney Hammond

    Good Evening, bedbugs anyone

    What province?
  14. Courtney Hammond

    4 plex investment

    Also important to know/budget for is repairs. Once you've seen the property that will help- but big capital repairs need to be budgeted for. Make sure a leaky roof or HVAC systems aren't going to sink you because you didn't plan in advance for "the worst". Also- budget for vacancy. I personally...
  15. Courtney Hammond

    Private financing questions

    The credit updates are often done quarterly- so it would depend on when the last updated to when the fixed issue will be reflected in the credit score. We had similar issues with bank errors when an account was transferred - and closed... some how it registered as an amount owing... but luckily...
  16. Courtney Hammond

    How to incentivize/optimize a summer student

    I'm curious how you applied for govt funding for your student. Also- I agree with Thomas- it would really depend on the student as to why/if he is unmotivated. It will come down to why he is not hungry for success. You may also consider having a research/book reading encouragement. If your...
  17. Courtney Hammond

    Canada Real Estate - Poor Online Presence - Hardly any good websites - WHY?

    I'm guessing it has to do with Canadian real estate/privacy laws/regulations. I was surprised on how much I could find online for US properties (sold history, who's on title, area comps, market comps...) everything I have to either pay for- or ask my realtor for was right there... it was very...
  18. Courtney Hammond

    Buy an Agricultural Land

    You need to talk to the county that the land belongs to. I think in your first post you said you called- often you can ask to have a meeting with a land development officer to have them go over the steps to development- rezoning, and all the things you need to know in order to classify your...
  19. Courtney Hammond

    Renting basement suites

    Who is your target tenant? What is your target rent? The highest rent will be a one bedroom (if it is a decent size) and an oven. It will also be the strongest rental pull in downtimes. A cooktop bachelor apartment will not rent quickly (imo). But I guess if your market is students they may not...
  20. Courtney Hammond

    investing in a duplex with brother

    I would also suggest that it be a 100% JV investment- meaning even though your brother is living there- he is paying whatever the other units are paying... but would also get paid a property management fee for managing the rentals. When doing investments with family- or friends... it's always...
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