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All Forum Posts by: Tajinder Kandola

Tajinder Kandola has started 38 posts and replied 68 times.

Would it be Advisable to sell other assets or properties for a  multi family that cashflows really well? Or would it be better hold off a little longer?

Post: how should the tenant pay you?

Tajinder KandolaPosted
  • Surrey, British Columbia
  • Posts 68
  • Votes 2

very new! as i do not know much and that is way experienced people like you help me!

Post: how should the tenant pay you?

Tajinder KandolaPosted
  • Surrey, British Columbia
  • Posts 68
  • Votes 2

i believe we don't have that in Canada. Would  online transfers or e transfer work? Can a Canadian BP answer this question Thank you Very much!

Post: how should the tenant pay you?

Tajinder KandolaPosted
  • Surrey, British Columbia
  • Posts 68
  • Votes 2
How about direct deposit every month?

Post: whats a good Cap rate to aim for when Investing in Multifamily?

Tajinder KandolaPosted
  • Surrey, British Columbia
  • Posts 68
  • Votes 2

what's the average Cap rate here in British Columbia for Investors and what should one aim for?

Post: what percentage to increase Rent on a Rental Property?

Tajinder KandolaPosted
  • Surrey, British Columbia
  • Posts 68
  • Votes 2

Just found out that the maximum allowable Rent is 3.7% In BC does that sound About right?

Post: what percentage to increase Rent on a Rental Property?

Tajinder KandolaPosted
  • Surrey, British Columbia
  • Posts 68
  • Votes 2

Whats the average Annual Increase of Rent rates (especially here in BC). I'm Assuming 3-6% is the average but i could be dead wrong. Thanks!

Post: smart to keep a buy and hold if it doesn't cash-flow well?

Tajinder KandolaPosted
  • Surrey, British Columbia
  • Posts 68
  • Votes 2

it only Cashflows based on the increased rent 3-5% and appreciation annually with the added factor of all other expenses going up 5%. Currently looking in the areas of Kelwona, Cilliwack and abbotsford

Post: smart to keep a buy and hold if it doesn't cash-flow well?

Tajinder KandolaPosted
  • Surrey, British Columbia
  • Posts 68
  • Votes 2
I live in British Columbia Canada and in February alone prices have appreciated 20%-30% in this red hot market. things have slowed down but things prices still continue to rise 5-7% yearly normally.

Post: smart to keep a buy and hold if it doesn't cash-flow well?

Tajinder KandolaPosted
  • Surrey, British Columbia
  • Posts 68
  • Votes 2

what i've meant to say is after analysing the deal using the rental property calc everything included (cap ex,management fees Etc.) and i'm being very very conservative here.