Real Estate Investor · Edmonton, Alberta · Member since 2016 · 35 posts · 9 votes
While I appreciate BP is a U.S based platform, I am always curious how many investors in Canada is lurking on this board, and lots of opportunities were missed. While our group focus mainly in Alberta, we would love to network with investors out in BC, ON, MB, SK, and the eastern region.
I just like a show of hands to see who's active in this forum, and would like to focus on a Canadian cities for investment?
It all really depends on what your investment criteria is. You can buy for cash flow; or you can buy for appreciation (either forced through rehab and mgt or market appreciation); or you can buy a property that is a hybrid between these two. Personally, we prefer to buy in locations that will return cash flow, but also has appreciation. (Our investing criteria is at least 10-12% Cash on Cash returns annually). We currently have 1300+ units investing with this criteria. The only way I can see buying in Calgary or similar markets, is if you feel appreciation is going to be very high.
"The Real Estate Guys" basically say...live where you want to live and invest where the deals make sense.
I’m looking for deals to compare with a investment idea I have to build a laneway house at my property in Nelson, BC.
I’m currently living in Quebec, have a house here and looking to refi the Nelson house to get more doors.
I was wondering how the market is around Ottawa and if it’s a good place to find cash-flow multiplexes/duplexes, at the cheaper end of the scale.
The laneway house idea would cost me around $300k and bring in around $2,275 in rent. I was hoping it would cost less to build but construction costs at the moment….!!
What would $300k get in your neck of the woods with what sort of return?
I've started watching BP podcasts and found all of them really informative. I'm at this stage considerng to get a PRO BP account but knowing that BP tools are mostly US based - I'm curious to ask how are you using BP Tools to adapt to Canadian Market setting.
I'm from BC. Thanks in advance to everyone who will give their valuable inputs.