I actually have worked with and am working with Darren Langille (Redline CEO). He is putting it out to his investors. Thanks! Kirk

I can do more with the equity in the property by taking it out and investing it, rather than watching the Real Estate market in Calgary decline for the next year or so..... The LTV is at 75% already, so I cannot refinance.

Thanks, Thomas. I actually did a full renovation last year. Everything is brand new inside. I want to sell it as an investment property, and not disrupt the tentant. I also don't want to list the property, and scare the tenant. Any suggestions? Where is my market of buyers for this...

I am a Real Estate investor and 'Flipper' in Calgary. I am not yet a REIN member. I am selling one of my rental properties. Here are the details: Here are the details: City Assessment: $236,500 Appraisal: $235,000 Current Long Term Tenant (Doctor) - Pays rent on time, sometimes 2 months in...

Hello, Thank-you for the information. Based on my dealings with my bank, and my current assests, my bank lends to me, if I have 10% down. I was looking for someone in a similar situation, where your assets hold the backing to purchases - and not the house itself. Can you explain more...

Oil Oil, Oil. As I said in another post, oil companies are bringing in employees by the hundreds. If there are no rentals, they put them up in hotels, to live, for $2000 - $5000 a month. Not only do we have our unit filled, we have a waiting list. Our one bedroom was going to move...

Hello, Thanks for your reply. I am thinking the house is worth $375k, based on a 10% down on a mortgage, giving a 100% return on your investment in the first year. It actually is legal. It was grandfathered a rental property. There is a two car driveway in the front, and a two car drive...

Looking for an investor on house building. Kirk

Hello Brent, I appreciate a single family home not being in that equation, but there has to be something said for a house generating $4200 per month in revenue. If I am buying a company, I want a 100% return on my money in the first year. So, if I buy a company for $100,000 I want it to...

Hello Gary, Yes I have been managing them myself. It would be very hard to find a property manager that can get results like that. This property is now at the point that it can be taken over by a management company very easily, hence the reason I am looking to sell (if the price is...

Hello Gary, The house is broken into three suites - the basement is a 3-bedrooom, the main is a 3 bedroom, and the upper is a one bedroom. I am getting $1600 for the basement suite, $1800 for the main level, and $1000 for the upper. I have been in property management for a while, and am...

I used comparables in the area; a house with our size, age, etc.. sells for $280,000. Cap calc - Found it online "Capitalization Rate Calculation" Kirk

Hello, Sorry, maybe I was not clear. If a person was to buy the home right now, and not rent it out, it is worth $280,000. Using a Cap calculation, it is worth $280,000 (funny how that worked out) - based on the profit. Do I get to add the value of the asset with the income profit...

Hello, My Rental Property is valued at $280,000 (for the land and house) in Lloydminster. The profit per year is $38,600. Can add the asset value of $280,000 plus the income generation to find the value of the property? Or is it one or the other? Thanks, Kirk

Hello, I do all types of renovations. If you need any work done to any rental property, give me a call. I would love to trade for advice, networking, mentoring, and knowing your connections. Thank-you, Kirk (780) 808-1229

Hello, I have a renovation company, and a synthetic grass company. I have one property I am also renting out. I am looking for a hard-money lender to either 'flip' houses, or to build new. Houses are currently selling at basement stage. There has not been a surge like this in the...