We hope to own this building for a long time as we enjoy taking care of it and continuing to make it a staple of the neighborhood.

Today, I’m in a place where I can share my knowledge and experience with clients, while still valuing their input and perspectives.The Dunning-Kruger effect reminds us that learning is a continuous process.

That rent just isn't sustainable and tenant could be unable to continue to pay...or could look elsewhere due to it being above market.

Our house is the cheapest in our neighborhood, and the Viera area continues to open new businesses and build up with new $650k+ homes.

They don't cash flow....at all, but the future benefit here is the option to build new once the neighborhoods continue to appreciate and get new developments.

In fact, given the start up costs, the best way to make a profit as an MTR is to earn the continuing support of the property owner served.  

Same guy handled a triplex rehab (the one with the theft), and that's where he took money that he simply pocketed or used in some sort of Ponzo scheme to pay off other debts (I have no way to know, but the money did not go to contractors or to continue work at the site).

Now, I think the best exit strategy to avoid recapture tax continue to build on your portfolio would be to do a 1031 exchange. 

LOTS to talk about in Calgary as quality multi-family deals are being snapped up quickly, multiple offers on handyman specials, and parts of the city is experiencing Sellers Market, while the CIty of Calgary has decided to continue their major capital reinvestment projects, so there will be emerging areas soon! 

The first monthly interest installment of xxxxx due on or before April 15, 2024 and continuing in like consecutive monthly interest installments of this amount for a total of one (1) year or twelve (12) payments at which time the entire unpaid balance, including Principal, accrued but unpaid interest, will become due and payable.