Prince George, B.C · Member since 2018 · 22 posts · 8 votes
7y
Hi @Robin L.@Chris Muller, I Invest in Prince George using the BRRRR method. Currently have multiple properties on buy and hold in the area as well as 4 properties being renovated with partner at the moment.
I am born and raised in Prince and have seen it grow and areas develop, @Robin L. I have seen you post about 1% deals, I have been able to accomplish this using the BRRRR strategy in B or A areas of Prince George. If a property is a 1% Turnkey i would recommend looking at the area as it will come with headaches. Generally the VLA area (veteran lands act) is what we call the "hood" and produces many headaches but very high cashflow. You may find success like most people investing on the fringe of the VLA. Such as MIllar addition, Fort George, area surrounding the hospital.
This is a short description and I have many more details of the city, if you have any specific questions feel free to ask.
I am the "working partner" of JV agreements having a contractor crew and multiple flips under my belt.
Prince is on the rise with major house developments happening as well as house prices reaching heights they have not in the past. You can call this a bubble about to burst but I believe if you come to Prince you will see its more of a city growing at a substantial rate. If your coming to play you would have to learn to shoot from the hip on good mls lisings as competition is high
There are a few threads on Prince George, BC. Here's one While it is about 3 years old, it talks about some of the areas. Student housing is a good option with UNBC and CNC. I haven't lived there for a while, but I grew up there.
Prince George, B.C · Member since 2018 · 22 posts · 8 votes
7y
Hi @Robin L.@Chris Muller, I Invest in Prince George using the BRRRR method. Currently have multiple properties on buy and hold in the area as well as 4 properties being renovated with partner at the moment.
I am born and raised in Prince and have seen it grow and areas develop, @Robin L. I have seen you post about 1% deals, I have been able to accomplish this using the BRRRR strategy in B or A areas of Prince George. If a property is a 1% Turnkey i would recommend looking at the area as it will come with headaches. Generally the VLA area (veteran lands act) is what we call the "hood" and produces many headaches but very high cashflow. You may find success like most people investing on the fringe of the VLA. Such as MIllar addition, Fort George, area surrounding the hospital.
This is a short description and I have many more details of the city, if you have any specific questions feel free to ask.
I am the "working partner" of JV agreements having a contractor crew and multiple flips under my belt.
Prince is on the rise with major house developments happening as well as house prices reaching heights they have not in the past. You can call this a bubble about to burst but I believe if you come to Prince you will see its more of a city growing at a substantial rate. If your coming to play you would have to learn to shoot from the hip on good mls lisings as competition is high
Rental Property Investor · Vancouver · Member since 2017 · 10 posts · 7 votes
7y
@Chris Muller Hi Chris, for sure I will update you! Right now I have seen many multifamily with great cash flows, ex: fourplex 300- 400K with 3K - 4K monthly rent, well within the 1% rule. That's a great sign. I haven't get the time to go to PG yet, but will let you know!
I see you are from Kelowna area, any insights about that area? I was seriously considering there few months ago but I found the numbers generally doesn't make sense..for BRRRR, rentals at least.
@Theresa Harris Thanks for the insight! I have read through the post, very informative. Yes I totally agree student housing is a great direction. One of the reason I choose PG is because of the schools there.
@Evan McLeish Thank you very much for the insightful reply! I am very happy to see your success there! Yes I believe Prince George is promising, and I have already seen many properties with 1% rules just from MLS.
I have a friend also invests in Prince George, she is doing very well with commercial real estates. She also started small here back in 2004. Hopefully I cal also share some useful insights to you as well.
Looking forward to go to Prince George, lets have a coffee when you are available.
Investor · Surrey, British Columbia · Member since 2016 · 21 posts · 5 votes
6y
@Robin L.
Hi Robin. I live in white rock and invest in PG. I have mostly brrrd my properties and am currently looking to buy my 12th investment there. Steady cashflow and appreciation too. The North is an untapped resource. I hope this helps
Rental Property Investor · Vancouver · Member since 2017 · 10 posts · 7 votes
6y
@Jack Young That's awesome! Looks like you have some solid investments, congrats! Let's have coffee when m in town=)
@Aaron Saarela Hi Aaron, thanks for your response! I am very happy to see your success, it definitely helps.
I live in New West, we have investment properties in Surrey, Delta, there are some appreciation potentials but not much for cashflow..for now. Definitely PG has good potential for cashflow, sustainable growth.
Would you be interest to have a coffee meetup? looking forward for your response XD
Rental Property Investor · Chilliwack, BC · Member since 2019 · 20 posts · 9 votes
6y
I've been looking into this a lot recently as well (Was eyeing Prince Rupert which is an 8 hour drive easy of PG) - glad to see others have seen success in this market!
May I ask if you can recommend a company that is specialized in renovations in the Prince George area? I am looking for investment opportunities in this area. I personally live in Burnaby and the Vancouver Mainland is becoming incredibly expensive, with fewer and fewer investment opportunities. I would appreciate your help, Alex
Lender · British Columbia · Member since 2021 · 4 posts · 0 votes
3y
Prince George is a very special Market definitely not for everyone but the community is strong employment wasn't hurt by COVID and most people come to town to get serviced from all over the north
multifamily old care facility hybrid can be the best investment for a long term equity investor that is interested in LP position
Prince George, British Columbia · Member since 2026 · 1 post · 0 votes
2d
Are there any real estate investors group or events that happen in Prince George, BC. I am a home owner in PG and have been saving money to buy my first rental property here in the city. I was wondering if I could connect with some smart folks and get a chance to connect with them. Thank you