19 March 2023 | 12 replies
Many areas have become saturated and hosts have seen revenues and occupancy levels decrease from the post pandemic highs.
23 December 2023 | 13 replies
Bullet points for description, avoid repeating information, decrease amount of photos, add accent walls where applicable / splashes of color!
31 March 2023 | 8 replies
But decreasing my expenses is the main goal for now
20 December 2023 | 20 replies
On top of that, decreased consumer spending exemplified by Black Friday is showing that folks are saving money for essentials.
13 December 2023 | 4 replies
.- Property Value Fluctuation: If the property value decreases, the buyer might be locked into an overvalued price.Advantages for the Lessor/Seller:- Steady Income Stream: Regular lease payments ensure a steady income.- Higher Sale Price: Sellers can often negotiate a higher sale price compared to a traditional sale.- Attracting Buyers: It opens up the market to buyers who might not qualify for traditional financing.Disadvantages for the Lessor/Seller:- Delayed Sale: The full sale of the property is delayed until the lease term ends.- Maintenance Responsibilities: The seller might still be responsible for major repairs during the lease period.- Market Risk: If the market appreciates significantly, the seller is locked into a predetermined sale price.Regarding whether it's a good strategy for getting started in real estate investing, lease-to-own can be a viable option, especially for those with limited initial capital or for those wanting to enter the market without immediately committing to a mortgage.
21 November 2023 | 4 replies
I've laid out some pros and cons below that we thought of off the cuff: Single Family: Pros:- Many potential targets (more available)- More likely to find a deal (but varies from market to market)- Location (more SF homes in more locations compared to MF)- Condition (easier to find new(er) inventory)- Exit Strategies (can resell to an investor AND/OR an owner occupier)- Simpler Financing (residential compared to commercial lending)- Self Management Option (easier to manage one home as opposed to many tenants)- House hacking (many forms of this in a SF home)- Lower barrier to entry/lower buy-in costs (cheaper properties) - House Swap (primary residence financing with rental income after moving out)- Tax benefits (potential to 1031 exchange or Section 121 exemption for primary residence) (always check w/ your CPA) Cons:- Generally lower returns (owner occupants also drive pricing) - Single tenant income (less diversified income) - Potential for more upkeep (yard work, trees, etc.)Multifamily:Pros: - Efficient management (more tenants in one location) - Higher cash flow (generally a greater return than SF) - Utilities (more utility efficiency) - Tax benefits (1031 exchange, cost seg, 39 year depreciation on 5+ units) (always check w/ your CPA) - Can force appreciation (through decreasing expenses/increasing rents) - Very scalable (can keep 1031ing and "upgrading" in unit count with the next property in one place) - Income diversification (many streams of income on one parcel in one place) - Larger targets can yield higher returns (as unit count grows, generally cash flow does as well)Cons:- More complex (typically significant nuance)- Fewer opportunities to buy (fewer targets available) - Older inventory (generally on smaller MF)
24 December 2023 | 8 replies
I would check it out before spending any money on a door, which will also decrease the usable interior living space.
24 September 2011 | 23 replies
Ryan's example and countless others is why I mainly only take commercial listings.I have a few buyers I work closely with on the commercial side.Investors want to guarantee they get the deal and I want the commission check.Being listed if 10 offers come in and one is selected and closes I get paid.If the buyer has an agent they get paid.The other 9 get to start the process all over again with no money in the pocket.This why I mainly list and market commercial properties instead of running all over creation with buyers.Now if a buyer is honest,buys volume,and wants a deal (but is realistic and not looking for the steal of the century) then they may be worth working with.Whether you are a seasoned investor or a broker/agent who has been in the game for awhile you value maximum returns based on TIME and MONEY.You put in effort to learn how to decrease energy and time in and increase returns.I think it depends also on commercial and residential.I see the mindset of many investors with buying houses that they want agents to work 24/7.I understand because many might work full time jobs and that's the only time they have to do something.On the commercial side I find the mindset is totally different.Business hours and most don't expect to call you after 6 and not usually on the weekends.If a broker/agent works residential then they should expect the hours to be crazy because of the variables involved.
25 April 2023 | 75 replies
Rental demand has decreased significantly.
26 November 2020 | 71 replies
I have been trying to sell my rental property here in Calgary and for the past few years but the market price keep decreasing where my mortgage owed = market price, currently almost no equity in thereI've considered/ tried following: - conventional way using realtor - even though seller's realtor willing to take less commission, no guarantee that buyer's realtor is willing to do it as well.- agreement for sale/ rent to own - fail because tenant buyer defaulted.- no fee/ low fee realtor brokerage (commfree, 1% realty etc.) - actually they charge more than what it shows in the ad.- direct marketing through kijiji, facebook, reach out to my real estate investor friends for direct sale or another rent to own - this is what I am doing now.- 1% fee realtor website (bodecanada) - this is pretty new and I start to put my property there- rent out to tenants - this is what I am doing nowMy property is half duplex with illegal walk out basement suite so I rent out upstairs for $1200 and basement for $700.