I plan to re-finish the basement and attic to add an extra 1000 SF+ of living space.

Just looking to reach out to other investors in Nova Scotia or PEI who may want to network, I can help with Reno’s and my wife can design amazing spaces!

Have you considered other commercial property, such as office, retail, or industrial space?

His place also fits our family better and he has more space for our stuff (4 vehicles, jetskis, motorcycle...).

He pops the roof, adds dormers, and another bath upstairs, and increases the useable space in the bedrooms.

This is where it really pays to use a lender who knows the guidelines because most lenders don't work much in this space.

I want to split the 700 sqf into 2 rooms.This would leave a master bedroom that is roughly 250 sqf with a master bathroom/walk in closet space that is roughly 250 sqf.

He is a small operation, and is geared towards creatively bringing the most value to spaces that need to be reworked, and I've been impressed with his attention to detail and portfolio of work so far.

They only look at their back of the napkin calculations of what they pay a PMC, assuming it's 100% profit, because they NEVER consider what expenses a PMC has.Since you like to crunch numbers, why don't you calculate how much it would cost for YOU to hire people to do the following:Inspect a property to make sure it's ready to marketTake marketing picsPublish and refresh for rent adsTake all the phone calls from adsSchedule showingsChase applications, process & screenGet deposits and sign leasesCollect rents, chase delinquencies & evictionsHandle maintenance requests, which are never handled fast enough for tenants, or cheap enough for ownersChase tenants for lease renewalsCoordinate MoveOuts, damage charges against security depositsGet RentReady bids to owner's satisfactionFollow up with maintenance to make sure done on time and done rightStart the cycle all over againProvide accounting services for all of the above, including owner reports and payments, annual 1099's, etc.Don't forget to factor in payroll taxes, employee benefits, company office space cost, company insurance, equipment, phones, etc.Once you do all that, you'll quickly find that PMC's are NOT making more than owners.FYI - this is why investors should always factor in 10% PMC Fees, 10% Vacancy and 10% Maintenance when running numbers on a potential rental purchase.

They do not understand the space well so give really bad loan terms to dip the toe in the water but it has nothing to do with the actual tenant or the property itself.I have seen a bank that does not do much commercial be 45% down, 20 year amortization, 5 year fixed, big pre-payment penalty, rate in the 4's,etc.