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6 November 2024 | 4 replies
If you want to be able to fly out, Calgary or Edmonton are your best bet.
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6 November 2024 | 6 replies
I would say your best bets is a gym as a tenant amenity or a community room that tenants can rent for family functions, parties, etc.
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6 November 2024 | 54 replies
I bet no more than 5% of the population is in high fire risk areas.
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8 November 2024 | 38 replies
Probably best to look elsewhere accordingly, as the availability of properly zoned STRs is quite limited.
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6 November 2024 | 7 replies
Youre limited to whatever the max credit for your loan is.
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12 November 2024 | 18 replies
60% LTV is not that low, particularly in a higher rate environment where the debt service coverage requirement (cash flow) is now limiting LTVs to 60-70% in many cases anyway.Separately, should be able to get a commercial loan with a rate in the 6s.
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5 November 2024 | 2 replies
@Danielle DeCormisKey would be to find a DSCR lender that would allow for a second and then with that loan do you still meet dscr ratioA better bet would be to bring in an equity partner
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7 November 2024 | 1 reply
We did a full remodel on the property, including but not limited to HVAC replacement, electrical panel upgrade and rewiring, and cosmetics.
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7 November 2024 | 0 replies
When people express concerns about starting an Airbnb in smaller markets, it genuinely amuses me, as this experience has proven that success is not limited by location.