All Forum Posts by: Alejandro Buse

@Alejandro Buse Of those options, Nanaimo is probably your best bet. I have places on Vancouver Island (just north of Nanaimo) and prices there have sky rocketed over the last 5 years. @Kris Bucci has places in Sooke that might meet your requirements.

Hi Theresa,

Thanks for the feedback, I will look up Kris.

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Originally posted by @Brian Hosier:

Hi @Alejandro Buse and welcome to the BP community. I assume that if you're investing in BC you are primarily looking for an appreciation play and not cash flow? In the long run, you can definitely make money when your investments rise 10% in a year but I prefer to do the cash flow play as my preferred source of investment. As a result, I invest out-of-province and make a great return.

We have a monthly meetup and had a dozen of us meet last Sunday at Deer Lake park. We always love to have new investors so let me know if your interested? Good luck with your investing.

Hi Brian,

As I mentioned in my post above I am somewhat overwhelmed by all the opportunities. I would love to hear your thoughts on out of province cashflow investing. I do have a friend who is very interested in investing in Sask, he often sends me deals he finds but we've yet to pull the trigger.

Please message me the details of your monthly meet-up, I am sure my brother would love to join it with me.

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Originally posted by @Tom Stromar:

Hi Alejandro - I think you're off to good start having a base plan to work off of. How large of a multi are you thinking? There is drastically financing requirements as you get into larger properties. For example, where a duplex or quad can secured with standard residential financing, a medium sized apartment block will require things like environmental assessments, etc...

We're in Nanaimo which has had explosive growth in the last 4 years and a low vacancy rate which has had the rents rise with prices so the cap rate has not been eroded.

Hi Tom and thanks for the feedback,

I do know of the changing financing requirements. Currently, we are interested in a quad as the biggest. Living on the mainland I like the idea of owning here (plus I like the Okanagan), however, I can see myself ending up on the Island in the longer term. It's good to hear a vote of confidence for Nanaimo.

I feel that I need to first narrow down what I really want (I am tempted to first buy an apartment here that I can live-in flip to get 'started' in REI) but at the same time I do not want to close myself out to opportunity!

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Hello BP!

I've been watching the crazy real estate market that I live in for a very long time but have had no idea how to get off the sidelines. My recent discovery of (and obsession for) the bigger pockets podcast has given me tons of motivation and a drive for action! I've introduced my brother (and some other family) to BP and he feels the same way I do. We are looking to do our first deal together. The plan is to do it maybe somewhere in Vancouver but most likely a multifamily property elsewhere in BC, either the island (Nanaimo) or Okanagan (Vernon, Penticton).

I'd love to get to know other local investors who have made similar plays and get some advice on the areas I'm interested in investing in. Currently, I do not have an agent or a mortgage broker so I'm open to suggestions for both!

Thanks, I look forward to meeting you all!

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All Forum Posts by: Alejandro Buse

Alejandro Buse has started 1 posts and replied 4 times.

Post: Hello from Vancouver, BC!

Post: Hello from Vancouver, BC!

Post: Hello from Vancouver, BC!

Post: Hello from Vancouver, BC!