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Updated almost 8 years ago on . Most recent reply

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Dario Ercolano
  • Montreal, Quebec
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Introduction from Montreal Canada

Dario Ercolano
  • Montreal, Quebec
Posted

Good day all,

I just came back to Montreal (My home town) from Edmonton AB where i worked for 3 years as an Architectural Tech. - Spent a lot of time there drafting on the computer which enabled me to listen to the BP podcasts while i work lol.

I am very much interested in the Real estate business world and love the way it can be scaled if the right system is put into place. I am here now on the Forum aiming to learn as much as possible before i make my first investment. I look forward to sharing my mistakes, achievements and lessons!! 

Cheers!!!

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Noel Desautels
  • Investor
  • Scarborough, Ontario
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Noel Desautels
  • Investor
  • Scarborough, Ontario
Replied

Hi Dario and welcome.  I'm sure you know this but just in case... Quebec has some pretty draconian landlord and tenant regulations.  The rules in Alberta are extremely effective in protecting tenant rights but still among the most favourable to landlord interests of any jurisdiction I know of.  The Ontario rules are much harder on landlords but still somewhat manageable.  My understanding of the Quebec situation is that it is extremely unfavourable for landlords there.  I looked at investing there but quickly stepped away.  So make sure you know what you are getting into.  You have the benefit of knowing Edmonton somewhat and Alberta is likely to be a fantastic place to invest (depending on the petrochemical sector health of course) so if I were in your shoes, I would use my knowledge of Edmonton and my friends and connections there to invest there while you live in the magnificent city of Montreal.  As I've heard on Bigger Pockets a few times, live where you love and invest where it makes the most sense.  Cheers, Noel (in Toronto).

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