Anybody in the Interior/Kootenays?

Question

Anybody here in the interior/kootenays? I live in Rossland and was wondering who else is around?

Colin Girard · Answer

@Edison Reis I have noticed you are a member of REIN Canada. Would you mind sharing what you think the benefits of it are?

Joel Labonte · Answer

Hi,  I invest in the kootenays specifically in multi family. So far,our deals has only been in Cranbrook. One 17 units apartments in May and 58 units portfolio under contract right now. DwellScape Investments, our busyness, is doing syndications as a strategy and we are alway looking at growing our network of investors and partners. I would be more then happy to connect.

Dathan Nunn · Answer

I’m in the east Kootenay region! Just getting ready to list my flip in Kimberley. It’s been a year long process, excited to move onto the next deal. Maybe land development in fernie, there’s a nice plot for sale in a good area right now.

Greg Eaton · Answer

There are a several Kootenay investors on biggerpockets. Send me a message if you want me to introduce you some of them...

Colin Girard · Answer

Nice work on the 4plex! Those are tough to find in the area. I've found a few multi-fam in Trail but have been hesitant to purchase so far.

Jeff Demers · Answer

@Stacey Jarratt

Hi Stacey,

I’d love to see a real life example of a BRRRR as that seems to be one of the few ways to scale. Maybe we can connect and chat one day!

Thanks, Jeff.

Jeff Demers · Answer

@Devin Solberg

Hey Devin,

I am also in Cranbrook. Are you part of the REI group? My wife and I have just refinanced our rental and are looking for our next investment. MLS isn’t providing many great options. Let me you if you want to chat one day.

Cheers, Jeff.

Christopher H. · Answer

@Jay Black

What are you looking to purchase?

Prices will soften up a bit in dec/Jan. Kelowna is cyclical with seasons.

Supply is limited for sure.  800 sales in September vs 400 last September.  774 in October vs  429 last year.

Incredible stuff.

Jay Black · Answer

I am in Kelowna and new to the forum.   Glad to see some activity here for those of us in BC

The Kelowna market has gotten significantly tougher just since July.   Its pretty insane how high prices jumped just in the past few months.   Very little supply.

I have been checking out other towns here in BC and seems to be much of the same.   Who woulda thought a pandemic would make home prices jump 20%!

Bryn Frayne · Answer

@Colin Girard I’m new to the market having just purchased a fourplex in Nelson this past summer with friends as a house hack. Interested in castlegar, and other local markets to get a rental property soon. Would love to connect with others in the area.