Super hard to talk on, a lot of the data is not public. Just like Rent's you never know the final numbers. I know many builders will keep up the same listing on the MLS just to drive traffic to other options they currently have. I think i could touch on more of an economic outlook like new construction starts but to get into the specific prices it will be more of a guess then anything else which i dont want to guess to much on.
Thank you Thank you. Yes, its very eye opening. I dont think many investors truly run numbers before they start to look at properties. Crazy how many people reach out with little knowledge but want insight into the investment market.
One thing I never hear people talking about when calculating if a property cash flows or not is including income tax on net rental income. Why is that? Certainly after paying taxing you would be out another $1000+ a month? Am I missing something?
Tax on a condo would be about $1800 a year and a detached home upwards of $6000 a years so broken down you are looking at $150 a month or $500 a month. I think its very smart to consider these things. Its crazy to me how many amateur investors look past vacancy and maintenance just to make their numbers a bit more inflated. I believe the best approach is to run all the numbers and be conservative on the expenses so when you get a good grasp on all the costs you are truly prepared to make a financial decision based off facts and not feelings. right now is a horrible time to buy investment properties. Unless you have like $150k + Cash.
For the detached property section, you were right about negative cash flow, but assuming you pay $550x24 two years, but your house appreciation is 20%+, so that extra $550 for 2 years to make to make 150k
@@stephenn88 Not really, everyone situation is different and there is no one strategy fits all. Personally, extra $550 is not a huge amount as long as the market is trending up and that makes sense for the investment. When I mean up, I mean 10-15% a year.
Buying an investment in calgary is...... (fill in the blank)
Would like to see a topic re: investing in "pre-sales" please
Super hard to talk on, a lot of the data is not public. Just like Rent's you never know the final numbers. I know many builders will keep up the same listing on the MLS just to drive traffic to other options they currently have.
I think i could touch on more of an economic outlook like new construction starts but to get into the specific prices it will be more of a guess then anything else which i dont want to guess to much on.
As usual, great analysis for investment property in Calgary. Thanks Adam.
Thanks brother, i appreciate your kind comments.
Very informative. much appreciated. It really helps investors to see the big picture.
Thank you Thank you.
Yes, its very eye opening. I dont think many investors truly run numbers before they start to look at properties. Crazy how many people reach out with little knowledge but want insight into the investment market.
One thing I never hear people talking about when calculating if a property cash flows or not is including income tax on net rental income. Why is that? Certainly after paying taxing you would be out another $1000+ a month? Am I missing something?
Tax on a condo would be about $1800 a year and a detached home upwards of $6000 a years so broken down you are looking at $150 a month or $500 a month.
I think its very smart to consider these things. Its crazy to me how many amateur investors look past vacancy and maintenance just to make their numbers a bit more inflated.
I believe the best approach is to run all the numbers and be conservative on the expenses so when you get a good grasp on all the costs you are truly prepared to make a financial decision based off facts and not feelings.
right now is a horrible time to buy investment properties. Unless you have like $150k + Cash.
Can I have a copy of spreadsheet
Absolutely, send me an email Realty@AdamFyfe.com
For the detached property section, you were right about negative cash flow, but assuming you pay $550x24 two years, but your house appreciation is 20%+, so that extra $550 for 2 years to make to make 150k
What a bad assumption!!!you can say it for all market
@@stephenn88 Not really, everyone situation is different and there is no one strategy fits all. Personally, extra $550 is not a huge amount as long as the market is trending up and that makes sense for the investment. When I mean up, I mean 10-15% a year.
@@derekwdna you are speculating not investing
@@stephenn88 what is wrong with speculating? As long as it makes 150k per property, thats all it matters.
@@derekwdna do you have any skin in the game?