All Forum Posts by: Sean Smith

@Liam Gobel

ive used kijiji (craiglist) to look and as i said its about 800 in a worse part of town and up to about 1100 in a downtown area.

30% extra is a huge amount considering the fact that the unit wont be making too much in terms of cash flow to begin with. This market seems like it is a very pricy and expensive one to enter. may have to get more of our own money up front to lower the monthly payments.

Hi there guys and gals

My friend and i have decided that we need to get something going in terms of a real estate investment. We have about 10K for a down payment and have actively been educating our selves and searching for something to start out with.

which has led me to this unit.

studio apartment in a desirable inner city community. there looking for $89K. the community it is in has some fairly high rental fees after lookign a studio apartment in the community could run anywhere fron $800 a month to $1300 a month. im leaning a bit more towards the range of $900-$1000 a month.

Calgary currently has almost a 0% vacancy rate (we had a major flood which wiped out a bunch of units) so there is a very high demand for units.

The condo fees are $220 a month + electricty (tenent will pay). My friend and i both make over 40K (each) a year and i have $0 debt (he has student loans).

we are considering incorporating to reduce risk on our behalf should anything go south.

Any thoughts/ advice i have a lot to learn and im currently working my was through the pages of posts.

Sean