All Forum Posts by: Alex Fajardo

Quebec City, Sherbrooke, and Gatineau are definitively interesting secondary markets in Quebec.

Hi! I invest in Montreal and Mexico. If you ever want to share thoughts about those two, feel free to reach out.

Hi, we've only lived here for 3 years and only have a Triplex on the island. But in my experience, most plexes, and even some condos, are very old, with minimal renovations, often foundational issues, and not really up to code. So I'd be particularly pessimistic about your renovation numbers so that you have room for unexpected expenses. I believe some areas still have a lot of potential for appreciation. As far as I can see, cash flowing is only possible with optimization. If you have no previous experience doing renovations, I'd try to find a place that feels a bit safer in that regard. There are other cities near Montreal where a cash flow positive is possible, but they have other risks. Rental rights strongly favor the renter, so I'd really try to learn as much about it as possible, to understand the risks and opportunities, and to better prepare for them. That being said, Montreal is a great city with a lot of students and young professionals, so it's relatively easy to find good tenants provided you're well connected to a subway.