Newbie here......... Brrrr in Edmonton? what are your experiences

[Joe Iradukunda]

Hello BP, 

My name is Joe, married and I live and work in Edmonton, AB, Canada. I stumbled unto BP a few months ago because I was interested in real estate and wanted to educate myself more on it. I now think it is time to act and my wife and I are hoping to get our first deal in the next few months.

My interest is in rentals at the moment. Specifically, SFH with a legal basement suite. I'm sure I'm not the first one to say the following...I am interested in Brrrr but find it "difficult" to make the numbers work in Edmonton. Is it a matter of how I am looking at it or is Edmonton just not the market for this? I have some good contacts in trades, some money saved, and I am ready to act but I have yet to find a property I could work with to do this.

I am keeping my eyes and ears open to see if something may come up but in the meantime, I am looking into possibly purchasing somewhat of a turnkey property (hopefully at a good price).

What do you guys think? Any suggestions?