All Forum Posts by: Ahmad D.

Hey folks, would appreciate references here as well if possible !

@Roy N. @Huong Luu thanks for your thoughts on this

I know that NB accepts dual agency. Is there any value on using a buyer's agent ? Unless a buyer's agent brings me a good deal, it's not clear what value add they bring if I was able to identify a candidate property on my own

@Roy N. do attorneys only get paid after closing, or even during due diligence/offer period to review the agreement ?

Ahmad

Hey all, thanks for all the input so far.

On the topic of attorneys. Is it typical that the buyer and seller have their separate attorneys ? What if it’s a dual agency scenario where the agent is representing both ?

I also see that HST would also apply - quick glance shows 15% for NB. Would there typically be a tax rebate for the amount paid ?

@Roy N. @Larry Morehouse thanks for the input !

Roy, regarding your input on engineering assessments, etc do you do that for every property you buy ? If so, I would love to take a look at what checklist you have

Note that I don't plan to have financing for any purchases, so there's no lender at play here to require such assessments

Hey folks, I've been looking into Moncton, NB (Canadian living in the US). I haven't done business here before, any notable differences for dealing with here versus the US, things on my mind in no particular order:

1) What are typical insurance providers that you work with ? This would be for > 4 units multifamily

2) How about title companies, is this usually done through title company or attorneys ? Do you have examples ?

3) I assume that contracts would typically have an inspection contingency

4) How much is the earnest money deposit compared to the purchase price ?

5) Any specific landlord-tenant laws I need to be aware of ? 

6) Have you invested here from out-of-province, what has been your experience ?

Feel free to mention any other information that you feel is relevant.

@Eric Mcginn it actually does not, those are paid by tenant

@Spencer Cornelia this was just an exercise to get feedback whether my due diligence numbers/assumptions were valid

I agree that this is not worthwhile proceeding under the current numbers :)

It wasn't clear if the table got posted in the original posting..

Here's a screenshot