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Old 2013-06-04, 09:41 AM
koolk23 koolk23 is offline
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Default Gatineau Income Property

Hi all,

Just wondering if any of you have any experience with buying and renting multi-family homes in Gatineau (Quebec). I have googled on this topic information is scarce. I am looking at larger purpose built rental buildings (i.e not duplex/triplexes).

I am looking for areas with high rent-ability, and areas which professional tenants prefer etc. Any other caveats/issues with income property that I should be aware of?

Thanks.

P.S: Not sure if this is the right forum for this question. However, I am desperate for some guidance. Any links to the Internet would be helpful as well.
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Old 2013-06-04, 12:25 PM
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Selvi Selvi is offline
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You should really check with a realtor in the area, for income property you should get a resonable profit after all expenses, but since your looking at a building to rent out, mainteance costs would significantly drop your profits/month. You also want a property that would grow in value over time & that always will be in demand. IMO instead getting a building to rent out I would buy multiple single homes and rent out the entire house, main floor, second & basement.
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Old 2013-06-05, 10:27 PM
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canabiz canabiz is offline
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Not sure why you are looking at Gatineau instead of Ottawa? I am not a lawyer or accountant but I'd think there are tax implications, especially if you live in Ottawa, as your signature indicates. Not to mention the issue of looking after your properties when you live pretty far away, unless you have family members living nearby and/or you go the Property Management route.

You can check out the following links for some more ideas and post your questions for feedback

http://www.oreio.org/forum/7

http://ontariolandlords.org/forum/

http://canadianmoneyforum.com/forumd.../5-Real-Estate

Best of luck in whatever you decide!
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Old 2013-06-10, 08:30 AM
koolk23 koolk23 is offline
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Quote:
Originally Posted by canabiz View Post
Not sure why you are looking at Gatineau instead of Ottawa? I am not a lawyer or accountant but I'd think there are tax implications, especially if you live in Ottawa, as your signature indicates. Not to mention the issue of looking after your properties when you live pretty far away, unless you have family members living nearby and/or you go the Property Management route.

You can check out the following links for some more ideas and post your questions for feedback

http://www.oreio.org/forum/7

http://ontariolandlords.org/forum/

http://canadianmoneyforum.com/forumd.../5-Real-Estate

Best of luck in whatever you decide!
From a price point of view Gatineau is a better choice. Ottawa is expensive and the cash flow is very minimal. However, that being said, I am trying to understand all the possible variables including taxes.

Many thanks for the links.
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