hey all, i was wondering if some more veteran investors in canada (even better quebec) can give their opinions on these two quintuplexes that i'm currently looking at in sherbrooke, and my analysis of the propertiesproperty #1: quintuplex with gross rent 28,260/yr with asking price of 150khttps://www.centris.ca/en/5plex~for-sale~fleurimon...pros: cheap, high cash flow, downtowncons:old (built ~1900, in a somewhat seedy part of town)property #2: quintuplex with gross rent 27,360/yr with asking price 200khttps://www.centris.ca/en/5plex~for-sale~mont-bell...pros: relatively cheap, a bit newer (1950), good location (downtown+near stores)cons: on a busy road (kind of noisy), some grafitti on the side (indicates poorer neighbourhood)what do you think?

And what stores are you purchasing from?

We went to the mall one day and I picked up a book at the local store and it was Brandon Turner's book on Managing Rental Properties. 

It works for us because we didn't want to store things or bring them here,  they care for the ancient dog, we have a home base when we visit the U.S., etc.  

Anything bigger tends to have more rehab / repair both up front and at turnsLong term prospects - This is where i'll dig deeper and look at income in the area, quality of schools, proximity to grocery stores, etc.The best problem you can have is having a bunch of properties to choose from. 

I am planning on having nice amenities such as having a trickle charger for the batteries, complete video recorded (stored in the cloud) security, airport pick-up, and detailing.

Dollar stores spreads ar even thinner per property developed and it's a volume game.Now as you move up the ladder in price to 4,5 million then some cap rates can go to 6's for quality.

I now have a few businesses and a liquor store, and some investment properties. 

Save some more.Get a better paying job.Get a side hustle or 2 or 3 and save that.To learn about the RE business from the inside, get a job in RE or with those who own or support RE: a RE brokerage, construction co, mortgage co, accounting, banking, insurance, appraisal, inspection, electrician, plumber, roofer, painter, property mgmt, hardware or supply store, etc.Go to local REIA meetings to learn and network.Network. 

Hey Brandy,Here's the process I would recommend to learn how to Estimate Rehab Costs & a few resources that I think will be helpful:#1 Read the Book on Estimating Rehab CostsJScott's 'The Book on Estimating Rehab Costs' is a great resource for new rehabbers to learn how to Estimate Repair Costs on 25 common rehab repairs.https://www.biggerpockets.com/store/the-complete-g...#2 Explore Lowes and Home Depot to Learn About Material PricingTake a tour through Lowes and Home Depot (or their websites) and look at finishes materials and fixtures that you will consider using in your rehab projects.