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I did write to Douglas Rutherford (creator), he said, "Canadian version takes into account the Canadian tax laws and interest expense methodology".
If one can adjust the tax input rate, it should be fine.
I am ordering one.
I hope this will work for anaylsis/ sales presentation of a shopping mall ouside GTA ($22 million, with 52 stores). I am helping one of my buddies in commercial real estate to market this to pool of investors/ a single buyer).
Thanks for your help.
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Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/
Location: Canada-Glorious and Free
Posted on: 10-07-08 08:37:47
Quote:
Originally posted by amit kalia
I did write to Douglas Rutherford (creator), he said, "Canadian version takes into account the Canadian tax laws and interest expense methodology".
If one can adjust the tax input rate, it should be fine.
I am ordering one.
I hope this will work for anaylsis/ sales presentation of a shopping mall ouside GTA ($22 million, with 52 stores). I am helping one of my buddies in commercial real estate to market this to pool of investors/ a single buyer).
Thanks for your help.
Let me know what you think about it when you get it. It is really just a spreadsheet file and works on Excel. Mine is old and version 95. Didn't you just download it?
BV
Yes I did download it.
Here is a sample (not full report) of one condo investment property. This might serve as a rough guideline of what to expect:
http://www.realestate-ontario.com/PDF/Condo-1+den.pdf
I am allowing property management fee of 5% of rent. Mostly buyers manage their own properties, leaving this amount for future improvements etc., if applicable
Read more: http://condopundit.com/wordpress/?p=56
The cap rate input method of achieving the right price is a cool feature that many commercial investors will love.
Regards,
-----------------------------------------------------------------
Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/
Quote:
Originally posted by amit kalia
Quote:
Originally posted by Gaulam
Hello Amit and Big Vee
I became a permanent Canadian Resident on 7th March this year, stayed in Toronto for 3 months, and left, with a plan to return. I am interested in REI; I have experience of this in Dubai; I think it was like a lottery for me; just shut my eyes, bought a couple of condos in Dubai, whose price sky-rocketed, and I was laughing all the way to the bank. From my experience therefore, I know that REI can be hugely profitable. However, I also know that it can burn a sizeable hole in your pocket. I am trying to be very clever and very careful therefore, and am researching various types of real estate. Basically, I want to live off my investments in Canada, and I am looking at two things: real estate, and franchising. Any views would be greatly appreciated. Big Vee, I have no idea about Industrial RE. I am very keen to hear about this.
Gaulam,
Sometimes, I wish I had not left Dubai back in early 2002.
But when I look at it, I am doing fine here in Canada. And then there are so many other things than just the money that Canada has to offer.
I often discuss DBX real estate with my friends in Dubai. They too have accumulated wealth like you, for their sheer risk taking, gut feeling and luck.
You came out at the right time (my guess), but there are people who are still into the game and re-investing their profits for bigger returns.
Can you explain me something which I find it hard to understand regarding DBX?
For any successful real estate market there has to be some good balance of buyers and sellers. Then breaking it down to users and investors.
The properties in DBX lack the real user; someone who buys to live in the property. Market is dominated by investors who have been flipping properties, until recently, without many real users.
How long can this go on?
After seeing an organised real estate industry with so many rules, regulations, procedures, consumer protection programs etc. in Canada, I find it hard when I see people investing in DBX real estate market.
That's the reason for bigger rewards, because it is very risky too.
Your views?
Regards,
Almost two years ago, when I told a friend in Dubai to stay away from his Dubai real estate investments, he turned a blind eye.
I always used to wonder about the over supply (for any healthy real estate market, one needs a good balance of supply and demand. They had built almost eight or nine times more than the population and or immigration could take), lack of transparency, sub prime like loans (one can go to 5 different banks and borrow thousands from each (lack of due diligence and no credit bureaus etc.), excessive flipping, lack of real users (someone buying to live in the property) etc.
Rest is history.
Unfortunately, greed defied logic.
Now, I suspect the following:
1. Interest rates in Dubai might go up from current 6-7% to 9-10%.
2. Property prices might further plunge by 40-50%
3. People might soon owe more than their loans (just like in the USA)
4. Many property owners might default (there are no foreclosure rules etc.)
5. To avoid jail, many might just walk away from their homes and leave the country.
I wish good luck to Dubai and its people and pray for things to get normal.
Only some sort of miracle can now save Dubai for what they have landed themselves into.
Regards,
-----------------------------------------------------------------
Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/
Location: God's own country
Posted on: 01-12-09 11:11:03
Guys,
See the other side.
Donot you think that this is a right time to invest RE in Dubai (when the bottom of the bottom has been reached). It is just 100 kms. to its wealthy neighbour Abu Dhabi which boast of world class jobs.
DOnot you think that you could stay in the Cosmopolitan Dubai (the Las Vegas of the east) for a pittance and work in ABu DHabi.
There is a scheme of a PR for 99 years, if you purchase a place in Dubai. I am sure that many retired Canadians will think of staying in Dubai while (legally) getting their CPP/OAS from Canada,
Difficult times promote the world's best ideas.
Peace by a PD
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I am a Gents and not a Ladies.
The highest level of greed and brutality has paid back.
Everytime, my friends boast about the growth in Dubai, I always ask the fundamentals of their economy. How would some one who pay big sum, buy and move in as a resident would earn his daily bread.
Are there enough quality jobs produced for those who could invest million dollar there. The country doesn't have any natural resources to export and all the money they spent to market their products has to pay back immediately else they will run into danger of catching the dust.
Their target was British - Why would british buy an apartment in Dubai ? What is it he is not getting in Britain, he would get in Dubai.
Same goes with US and Canada. Same goes with europe who have places like Southern France, Greece, Italy and array of spots in Montenegro, Crotia etc..,
Russians wouldn't think of investing there as their housing itself is going through a certain progress phase, same with Indians.
Most of the Arab countries offer reasonable open lifestyle except Saudi, why would they prefer to live in Dubai while compromising all the perks offered by the Govt. If fun was objective, they could just visit the place for a week, rent a place and forget it. This will again hold good until there is a competitor in the neighboring countries.
Their shipping business itself would be in danger if Muscat attracts foreign investment and develop Salalah port and the same goes with Iran.
It always looked too dubious to me.
They also hiked the visit visa cost. Guess who needs a visa to visit Dubai. Its mostly south asian community as most of the European and American nationals don't need a visa. They wanted to stop the South Asian visitors and only promote Non Asian visitors. Its finally paid off morons.. They are the folks who seem to have money not through their credit cards.
Soon, Dubai would need to establish stronger economic ties with India and China for their survival.
Unless, the cost of a 2 bedroom unit is cheaper than a 2 bedroom apartment in second tier city in India, I wouldn't think it would be worth thinking about Dubai.
Note that the weather is not tropical in Dubai. Its hot and humid for 6 months. I've experienced it and I dislike it.
Quote:
Originally posted by amit kalia
Quote:
Originally posted by amit kalia
Quote:
Originally posted by Gaulam
Hello Amit and Big Vee
I became a permanent Canadian Resident on 7th March this year, stayed in Toronto for 3 months, and left, with a plan to return. I am interested in REI; I have experience of this in Dubai; I think it was like a lottery for me; just shut my eyes, bought a couple of condos in Dubai, whose price sky-rocketed, and I was laughing all the way to the bank. From my experience therefore, I know that REI can be hugely profitable. However, I also know that it can burn a sizeable hole in your pocket. I am trying to be very clever and very careful therefore, and am researching various types of real estate. Basically, I want to live off my investments in Canada, and I am looking at two things: real estate, and franchising. Any views would be greatly appreciated. Big Vee, I have no idea about Industrial RE. I am very keen to hear about this.
Gaulam,
Sometimes, I wish I had not left Dubai back in early 2002.
But when I look at it, I am doing fine here in Canada. And then there are so many other things than just the money that Canada has to offer.
I often discuss DBX real estate with my friends in Dubai. They too have accumulated wealth like you, for their sheer risk taking, gut feeling and luck.
You came out at the right time (my guess), but there are people who are still into the game and re-investing their profits for bigger returns.
Can you explain me something which I find it hard to understand regarding DBX?
For any successful real estate market there has to be some good balance of buyers and sellers. Then breaking it down to users and investors.
The properties in DBX lack the real user; someone who buys to live in the property. Market is dominated by investors who have been flipping properties, until recently, without many real users.
How long can this go on?
After seeing an organised real estate industry with so many rules, regulations, procedures, consumer protection programs etc. in Canada, I find it hard when I see people investing in DBX real estate market.
That's the reason for bigger rewards, because it is very risky too.
Your views?
Regards,
Almost two years ago, when I told a friend in Dubai to stay away from his Dubai real estate investments, he turned a blind eye.
I always used to wonder about the over supply (for any healthy real estate market, one needs a good balance of supply and demand. They had built almost eight or nine times more than the population and or immigration could take), lack of transparency, sub prime like loans (one can go to 5 different banks and borrow thousands from each (lack of due diligence and no credit bureaus etc.), excessive flipping, lack of real users (someone buying to live in the property) etc.
Rest is history.
Unfortunately, greed defied logic.
Now, I suspect the following:
1. Interest rates in Dubai might go up from current 6-7% to 9-10%.
2. Property prices might further plunge by 40-50%
3. People might soon owe more than their loans (just like in the USA)
4. Many property owners might default (there are no foreclosure rules etc.)
5. To avoid jail, many might just walk away from their homes and leave the country.
I wish good luck to Dubai and its people and pray for things to get normal.
Only some sort of miracle can now save Dubai for what they have landed themselves into.
Regards,
-----------------------------------------------------------------
The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM
Quote:
Originally posted by JRF
Unless, the cost of a 2 bedroom unit is cheaper than a 2 bedroom apartment in second tier city in India, I wouldn't think it would be worth thinking about Dubai.
Note that the weather is not tropical in Dubai. Its hot and humid for 6 months. I've experienced it and I dislike it.
[quote ]
Nice analysis,
I kind of agree on the above for buying property in dubai.
just my 2 cents
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MK
