All Forum Posts by: Abi Carleigh

Hello Fellow Rookie,

Every design is specific to how you want to effectively utilize the square area and your budget, which city are you looking at and what is your for renovation budget? You can go to your local home depot and speak to them about your ideas on renovating/retrofitting your space, register as a contractor, it would save you a ton of money if you are buying yourself,  I am sure you can get someone competent and affordable to assist with your schematics, designs and cost. I believe everything is cost dependent, sales agents in Sherin Williams or Berh can give you more information and unique services but it would cost you more. There is a whole lot of cost with renovations, how flexible are you willing to go? I would suggest your do your numbers/analysis first and stick to it. 

Go champ!

@Theresa Harris

It is my first purchase and I just curious how much I have to pay back even though I am not planning to sell just change the use of the land because the area is zoned MC.

Thank you.

@Mike Henricks, I look forward to chatting with you about this further. 

Thank you

Hello Everyone, 

My name is Abi, I am from Calgary, Alberta, Canada. I am really excited to join the Forum, I have been working on my goal for real estate investment and I am ready to buy a first single family home residential/investment property. I have seen quite a lot of posts and people I would love to connect with. I have seen  few options to buy but I am going with the least most expensive in a big expensive neighborhood here in Calgary. The house is being sold for relatively cheap but seller wants no inspection and it is currently tenanted. The tenant in the basement's lease would be up at the most end of 2022.

I have lots of questions to ask because I am doing this alone, the goal is to buy all the houses in the row and gut later, maybe 5-10 years down the line and do a big condo for tenants. I would be living on the main floor of this house and it is in a gentrified neighborhood, I am hoping I can build a rapport with current home owners on the street and let them know that I would be interested in these properties should they decide to sell.

This property was constructed in 1950s in a centrally located area in Calgary. I have almost 15% saved up but I am wondering if I can do 5% down instead, keep the rest and repeat should further opportunities present it self. I know it is a lofty endeavor. I am hoping that those who have walked this walk would be kind enough to help me navigate so that I do not fall in any hole.

I APPRECIATE you a ton.

Abi