Hi, There is an ad in our local classifides that reads...."3000 Down Payment, $131,000 selling price.... 3 + 1 Bedroom, 1100 sqft, $505 P.I. or $693 P.I.T. $124450 Mortgage, 3.04%, $3550 Further Downpayment on Possession for a Total of $6550, Vendor will Carry Existing Mortgage with NO BANK...

QUOTE (bizaro86 @ May 11 2010, 03:18 PM) Interesting. Do you live in the area (to manage it yourself) or have contact with someone in the area who can manage it professionally for you? How is the economy in Summerside? Is it growing, stagnant, or declining? One other question, more for my own...

look at TRUE expenses .. about $4000/unit per year or 20K for a 5-plex .. possibly higher in high tax provinces, assuming utilities are paid by landlord. Your numbers are very close! According to this statement they came in at $17, 315.46 or 3463 per unit!! So I will go with your $4000 to...

Thank you for your response. The city is Summerside, PEI. Prices for rent here are likely considerably lower than you are used to seeing as the cost of living is quite low. It looks to be in line with the other 5 properties I`m looking at in that area. I have their 2009 sheet here with heat...

Hi, I `ve been readin through the posts here for a few days and there is a lot of great information here! I am looking at a property and was wondeirng if I could have opinions please. I`m looking at a 5 unit that is currently full bringing in $2636.39/mth. The building has recent updates...