I'm looking at a condo unit in a building which generally sells for prices that are way below the market norms for the area and the city. The condo building itself is older, built in the 60s but well maintained, and the maintenance fees are average and in line with what you would expect to find...

QUOTE (ThomasBeyer @ Nov 20 2010, 09:17 PM) yes you have enough experience WITH YOUR OWN MONEY .. if investors buy into your vision is up to you to present / convince them !! Thats great advise, as much as I dislike the sales pitch its starting to sink in that its an inevitable necessity if I...

QUOTE (ThomasBeyer @ Nov 20 2010, 05:59 PM) 15% down is THE BARE MINIMUM .. and very rare these days ! The plan could be: a) buy .. upgrade .. flip, or b) buy .. upgrade .. hold for 5 years .. sell, or c) buy .. upgrade/hold for 5 years minimum .. then decide. If one wants out (you or partner)...

Currently own 2x triplexes with more than 20% equity, they are on residential rates. Goal is to purchase a multi-family with little or no down, explored the option of going with jv partners but I`m not sure I would want to share control and decision making with someone else. Most JV partners...

this is a very good site: http://www.airbnb.com/ but its not really focused towards business travellers, however I think you might find quality short term tenants through this site.

I would second JimWhiteLaw in saying that it would depend on the complexity of the job. In my experience, contractors have to be scheduled in and sometimes they may not have someone ready to get to your job for a couple of weeks (this is my experience in the GTA) and this may not be feasible...

QUOTE (ThomasBeyer @ Feb 17 2010, 10:58 AM) no yes Related reads: Items to consider when buying an apartment building: http://myreinspace.com/public_forums/Real_Estate_Discussion/62-14548-Buy_vs_Build.html Multi-Family Primer in May 2009 Issue of Canadian RE Magazine...

QUOTE (ThomasBeyer @ Feb 15 2010, 10:53 AM) The question re area was not stated anywhere in this post until now .. CAP rate in Hamilton: 8% or so .. plus or minus 1.5% if area is bad or great ! Enlighten me on discount rate .. for what purpose ? This usually used to calculate a present value...

QUOTE (zoltanwise @ Nov 16 2009, 10:25 PM) Hi I`m currently closing on my first rental property! Reading through the Canadian Real estate books I found that it would be a good idea to be organized from the start. I feel that I should know where I`am and where I`m going in my business. What kind...

Recently came across a condo townhouse unit at an aging condominium complex in north west Toronto. It was a 3 bedroom listed for $90,000, approximate 1300 sq foot with a finished basement, excellent condition, new carpets, new furnace etc. The problem was not with the unit but with the common...