Search results

Perp, Financing is extremely tight, as you are now experiencing. We personally have a mortgage come up for renewal last week.The lender no longer offers mortgages in Canada, so we are forced to use another lender. NO ONE will refinance our property (atm) even though it is 50% LVR. However the...

When we purchased our apt building the vendor was using the annual rent roll based on full occupancy. However this vendor's track record for occupancy was on a major decline. Less than 50 % full when we purchased it. I wonder what percentage is vacant in the property Perp is considering to buy.

Sounds like they should be easy to rent. What is the vacancy rate for the past 3 years for this building? We found out after we bought it, how bad of a reputation it had. (from the locals) I know before we bought ours, the lender required a Fire Department Compliance because the previous...

That's the challenge. With our buildings we initially offered very low rent, just to get them filled.After that we kept increasing the rent as tenants were replaced. Perp, What is the composition of the building? One bedroom units mostly?

Perp, Congrats on your upcoming purchase of the 80 unit. We have nothing even close that big, only 2-11 units. Depending on what state you are buying in, the heating bill may be very large. A lot of the older buildings have heat included. If you ever get that point in time, pm me and we...