QUOTE (ThomasBeyer @ Apr 21 2010, 10:44 AM) this may or may not be too low .. what are the conditions of the main common elements like: roof, boiler, hallways, balconies ? many conversions are underfunded or under-upgraded .. be careful ! What is the price you`re paying ? what rent ? what city...

QUOTE (Sherilynn @ Apr 21 2010, 10:06 AM) Greetings. If they have only $100k in reserve and a deficit of $20k/year, they will run out of money very soon unless they hike condo fees. You are looking at an average increase of $25/unit/month just to eliminate the deficit. And they will need a...

Hello again, I`m looking at this condo, the price is very good all things considered. But upon examining the condo docs and financial reports. This 71-unit condo only has about 100k in reserve. And have been losing 20k/year since it`s condo conversion in 2007 (before that it was a rental...

QUOTE (ThomasBeyer @ Mar 24 2010, 08:35 PM) Garneau and Strathcona are primo areas .. so more expensive of course ! A condo is usually NOT as good an investment as a house for a person to live in. Why ? a) You have little control over condo fees and b) you have less land per $ invested...

QUOTE (ThomasBeyer @ Mar 22 2010, 06:51 PM) is this within walking distance to LRT ? why not buy in Strathcona and walk to Uof A ? seems like a decent price @ $200/sq ft .. but hard to say as many details are lacking such as: age, reserve fund, upgrades, location, comparables buying makes...

QUOTE (Lucas @ Mar 22 2010, 02:04 PM) Hi sbin, The answer depends on how long you plan on living in the property. As a rental property, taking into consideration the numbers you presented, it will NOT work as a rental property. However, you may plan on living in the unit for 5 + years...If so...

QUOTE (housingrental @ Mar 22 2010, 12:08 PM) How can you afford this / cover payments on an ongoing basis being in school? What sort of rent will you be bringing in from roomates? Do you have friends already lined up for this? yes, i made some money on other investments, so 20% down payment is...

Hello, This is my first post on REIN, and I`m glad to read some of the great posts!! I`m a 2nd year university student, who is looking to buy a condo or a duplex for under 300k in edmonton. (not for investing, my own place). But given the fact that edmonton condos dropped by 3% since Jan of...