Asking price $235,000 Purchase price $225,000 Downpayment 18% - $40,500 closing costs - $4500 Total cash investment - $45,000 Mortage amount $184,500 Monthly gross rent $1800 expenses Taxes $150 Insurance $70.83 Maintenance (15% of rent) $270 Propert mngmnt $198 Vacancy fund (5%) $90 Heat...

i`d love to see a sample proforma

I`d buy it.

QUOTE (jseib @ Sep 11 2009, 07:37 AM) FHC I would really beg you to rethink 3.75% as a good vacancy rate when running numbers... I run small rental units in Oakville and the market has been pretty hot here for them for several years now... Almost always 100% full with 60+ tenants but we still...

I`m heavily invested in Saskatoon but don`t know too much about Moose Jaw.

Chris Davies for Mayor! solid post.

The property is located in Ontario. The city`s market is very stable but hasn`t really seen huge appreciation in the past. Slow but steady climb. Rents are realistic and have even been downplayed, I think I can get $1600 per month out of it but I`m keeping it at $1500 to play safe. The duplex is...

Please give your opinions.Appraisal price $140,000Asking price $139,000Purchase Price $130,000 20% downpayment $26,000 Closing costs $2600 Mortgage $104,000 Monthly Gross Rent $1500 Expenses...

Hi guys, I`m looking for feedback on a property I have conditionally bought.I have bought it as a reno and flip but it also has monthly cashflow based on my numbers.Please give your honest opinions. Conctructive criticism is wanted.This property is located in prime location in heart of Toronto...

QUOTE (housingrental @ Jun 15 2009, 02:54 PM) I think an attack from Israel on Iran is incredibly unlikely. It would create a larger regional battle. Israel has nothing to gain from this and politically is too fractured for anyone to get this in action. Also the only chance of this ever...

Why wouldn`t you call and put the tenants on file with the utility company yourself? You trust that the tenants will do this in a timely manner? bad decision! Always be weary and skeptical, always do it yourself, the utility company will allow you to put your tenants name on file with basic...

Marina Yusufov her number is 416-739-7200 Specialist in North York. She`s done all my work at Yonge and Steeles, check out Crestwood Rd. near Roy Foss. enjoy

Well done Alex, $25 seems a little on the low end but it is better than nothing and now you guys have open dialogue. I had this same issue with one of my basement suites. Two gals originally rented the place, great tenants for first four months. All of a sudden I notice one of the girls had her...

Well said Thomas. What I do is get my realtor to pull up comps (sold comps... not for sale comps). By this you should get a basic idea of where you stand in your micro market. Good Luck

Mary, I`d first like to take the time to thank you for spending yesterday afternoon with my cousin and myself. You were extremely helpful and the information you`ve provided us on the Hamilton tour was great. I feel as though we now have a good idea of which areas to avoid and which will be on...

Jack Flaksman is great, he`s been managing my properties perfectly for years. I`m in Toronto and it`s hard for me to deal with tenants from here. Only thing i do every month is count my cash flow!! [email protected] or calling him is better option. 403-714-8884 Tell him Emil referred...

p.s. MatzoB, don`t forget to do your passover cleaning, it`s coming up fast

markbrad I must comment that your post was perfect. Anything I could have recommended to MatzoB you just took the words out of my mouth. Thats why I love this forum, it offers wisdom you can`t put a price on. Bravo

Emil Joseph @ Northwood Mortgage. [email protected] He`s an Investment property specialist. His number is 416-988-6938. He has gotten me impossible financing and made them a reality. enjoy and good luck

Toronto is very close to 3% of purchase price (larger land transfer tax). York Region is very close to 2% of purchase price. These close estimates include Lawyers fees, title insurance and land transfer tax. If you use these figures I`m quite confident you`ll be pretty close on guestimate.