Recent content by Runman

Thanks everyone for their responses. Josh

Hey everyone, I was wondering if anyone has any experience with rental increases secondary to renovations in the province of Ontario. For example, let`s say I wanted to renovate my apartment building and needed the tenants to leave, can I do this? Also, can I raise the rents after? I know that...

I was hoping that someone could help me with a question regarding liability for property owners. While this may seem like a dumb question to some, as a new real estate investor it does strike me as an important question. Let`s say you own an apartment building and one day something happens like...

I got but another question for everyone When owning a rental property personally as opposed to via a corporation, does one just own the property under a sole prop. Thanks for your insight! Josh

Hey everyone, I was wondering if anyone has any recommendations for a great property manager in Hamilton as well as a great property inspector. This would all be for an 8 unit apartment building. Thanks alot! Josh

Thanks for your input. It seems that buying at the right price is crucial in rent control areas. Good to know. Thanks Josh

Sorry for the three repeating posts earlier. Anyways, I have another question regarding strategies for preventing properties from becoming stagnate. For instance, in places that have no rent control, one can buy a property. Fix it up. Increase the rent and thus the NOI. and refinance or sell...

Hey everyone, I was just wondering what your opinions are regarding what cash flow should be when purchasing a property. Say, a 6-8 unit property priced at 500000 with say 15% down with CHMC. I have heard that 100 dollars per door of positive cash flow is ideal. What do you guys think on this...

Thanks Thomas

Thanks for the replys, One question though, what percentage do you guys use for closing costs when running your numbers on a property? Say a percentage of the the selling price? This will help me guestimate what my closing costs will be regardless of the final selling price. Hope I`ve made sense...

Hey everyone, I was was just wondering what one should expect in typical closing costs for a commercial loan on a residential apartment building? Say a property that ranges in cost from 400,000 to 750,000 and 7 units to 12 units. What percentage should I use in my calculations so that I can be...

Some really insightful suggestions here. I will use CMHC on my next purchase as it seems that CMHC is the way to go. Thanks for the words of wisdom. Josh

Sorry, I guess I should have clarified. The mortgage is a commercial mortgage for a multi- family 5 units or more. Thanks for your reply Josh

Hey all, I have a question that maybe you experienced investors can help me with. I was wondering what would be the best route to take regarding financing. For example, Should one put down 15% and go with the 4% interest rate plus about 20000 in CMHC fees (Based on a 450,000 property) or should...

Thanks alot. I`ll have to remember that. Josh