Be on the look out for our new friend we met yesterday morning during our beach walk (PCB) 🦈

I take it you're not Edmonton based, so you'll be competing with other's who's numbers don't make a whole lot of economic sense once you factor in the value of their time.- Most of the deals that came our way were for 60-70yr old wood frame buildings, that had been owned by their current owner for 25+ yrs, and we felt there was a definite risk that the economic viability of the asset was less than our planned (buy and hold) time horizon, and we were also highly skeptical of the insurability of some of these buildings or that the cost of insurance would not balloon once the ownership transition forced the insurers to reassess the building.Ultimately we pivoted to retail/light commercial mixed use properties.

Are there areas you do not want to invest in because of travel time, lack of a network, or other life factors? 

If you are at 6%+ I would say make the extra payment as you have to factor in net (not gross) returns from what you would do with that money.

A qualified professional appraiser will generate a comprehensive analysis considering factors such as sales comparisons, highest and best use, market conditions, and income generated following Uniform Standards of Professional Appraisal Practice guidelines.

Hey Thomas, seasonality may be a factor but you may just need to switch it up with new marketing material as the old may have been seen before.

Which is fine, it's just a matter of figuring out what that risk factor is. 

When you bake in buying out the partner, factor that since they are not selling the property, that they are not paying approx 6% to 10% of the sales price which should be in your advantage regarding your offer.Best of luck

You are absolutely right, making local connections is a key factor as well as managing the finances.

I work 3rd shift and usually turn my phone off when I sleep during the day and this morning he FINALLY came to the realization that I want him to just make decisions about everything if I’m not available.