Thanks Doug. A friend of mine also suggested to pour concrete. I`ll find out the cost and if the city permits it in that area. As for the plumbing, there is at least one confirmed leak, and there is chronic condensation too. The hot water pipes, the ones next to the corroded pipes, are fine...

I visited the building more closely yesterday with a general contractor in order to assess certain structural elements in the crawlspace. And I took many pictures which I’ve posted here: http://www.flickr.com/photos/56354043@N08/...57625462881108/ Some pictures of the black “mold” on the side...

Thanks Doug for the info. Tomorrow I`ll call some firms to get estimates since mold is a problem that needs to be tackled. It will also give me some negotiating power with the seller, especially if the cost to repair is large. Regarding the attic, I have no idea how they will be able to...

Thanks for the link to the software, Mike. It looks like a really good tool. I had created my own analysis tool with excel but this software seems to be more information. Thomas, I was trying to open the link you included to the Property Goldmine Scorecard developed by REIN but it seems to...

I’m in the process of buying a 1970 16plex with my parents in Quebec. I just had it inspected this past Tuesday and the overall condition is good: electrical, plumbing, roof, and the overall construction are good. Cash flow is positive and there is potential to increase the rents. I will...

QUOTE (ThomasBeyer @ Sep 14 2010, 05:50 PM) Why invest in Quebec ? Is there decent upside ? Hi Thomas. I’ve decided to invest in multifamily real estate in Quebec because I live there. My intent is to invest and partially manage the property myself with my parents, so being close to it will...

QUOTE (ThomasBeyer @ Sep 14 2010, 02:45 PM) use a best guess estimate. There is no hard rule. Use what is realistic. What is the land worth without the house on it ? In Point Grey in Vancouver or Mt. Royal in Calgary or Bridlepath in Toronto, with a tear down, 95% of the price might be land. In...

QUOTE (ThomasBeyer @ Aug 14 2010, 10:14 AM) You can depreciate the asset by 4% of the house value annually. Not land. So let`s say your property is worth $200,000. Let`s say $50,000 is the land value. 4% of $150,000 house value is $6000/year. I`ve just recently joined the REIN forums and I...