- Joined
- Sep 26, 2007
- Messages
- 8
Thanks invesmart.
My original question was in regards to the 25% down on my part which you seemed to answer.
I have my eye on a couple of sub 55k/door in northeast alberta but in "crappy" town as you guys define it. This area has strong rental rates but is directly tied to the oilfield. But people still need places to live.
I have a duplex which we completely renoed and are recieving arond $900/ month cashflow after all contingencies are paid.
The commercial properties I know of is a 12 unit low rise and 46 units (1,2,3 bedrooms) in three different complexes.
But once again it all depends on the cash needed to bring these units up to snuff.
Thanks again for all your input
My original question was in regards to the 25% down on my part which you seemed to answer.
I have my eye on a couple of sub 55k/door in northeast alberta but in "crappy" town as you guys define it. This area has strong rental rates but is directly tied to the oilfield. But people still need places to live.
I have a duplex which we completely renoed and are recieving arond $900/ month cashflow after all contingencies are paid.
The commercial properties I know of is a 12 unit low rise and 46 units (1,2,3 bedrooms) in three different complexes.
But once again it all depends on the cash needed to bring these units up to snuff.
Thanks again for all your input