muse017
01-06-2014, 02:15 PM
Since my father decided not to expand his business(retail) due to staff issue, he is looking to purchase multi unit properties within the city limit. He did own/built smaller units before at some point however it was on small town(<600) and he believes things are bit different in the city.
Any things to look out for?
What is the average Cap rate/or ROI in Calgary area?
What is the maximum amount you can borrow from Major banks(BMO,RBC etc...) based on property assessment or appraisal.
Thank you in advance
Any things to look out for?
What is the average Cap rate/or ROI in Calgary area?
What is the maximum amount you can borrow from Major banks(BMO,RBC etc...) based on property assessment or appraisal.
Thank you in advance