All Forum Posts by: Alice Huang

@Charles Carillo

Thanks Charles! Will PM you.

@Gordon Ray

You didn’t mention whether or not you’ve been listening to the podcasts or read any BP publications?

@Gordon Ray

Loved your intro and hello to you and Mrs. Of course welcome to your fur babies too!

@Cameron Chambers

Good morning Cam,

Not all homes and neighbourhoods are suitable for BRRRR. Like many said before, you need to be able to buy a home for cheap and renovate it a certain standard (in the area).

I know a lot of homes in BC are built after the 80’s and 90’s. Sometimes, they’re not in bad shape so the buyers cannot get it for the right price.

We BRRRR in Texas. We can get 75% ARV. So we keep the Buy + Rehab cost to 75% of ARV.

Think in Canada is 80% ARV as investment. So you should keep Buy + Rehab at 80% or lower.

Definitely highly recommend David Greene's book and podcast on BRRRR:

https://m.youtube.com/watch?v=9KRCQrjYxxk

If you’re new to the game, I highly recommend you listen to at least 100 BP Real Estate podcasts and read a few BP published books first.

Cheers,

Alice in MTL

@Kris Bucci

Yay! Investor from my home province of BC. Thanks for sharing your journey Kris. Look forward to hearing more!

Hello everyone,

Closing a couple of properties this month and looking for a reliable and solid GC in San Antonio.

Any recommendation would be appreciated.

Thank you.

Best,

Alice

@Gearold White

Welcome Gearold! Hello from Montreal, Canada and my business partner and I invest in San Antonio.

Hello everyone,

Does anyone have experience dealing with lending for foreign nationals? Or have foreign business partners?

Am Canadian and my business partner is American.

Want to ensure we don't max out his DTI. Want to split the debt equally but not sure how to do that.

Any insights will be appreciated.

Thank you.

Sincerely,

Alice

@Everett E.

Do you have a solid CPA who’s investment savvy yet? The only “fee-based financial advisors” I would hire, suggested by Jim, is a savvy CPA who can help you plan your future and taxes.

Having worked for “financial advisors” during my college years, stay away from them! Majority of them just “invest” in whatever fetches them the highest fees.

Also for everyone else, why not ask the BP forum? We are a group of savvy investors right? Unlike those self-proclaimed financial advisors who are actually employees...

@Rachel Kokosenski

Hello Rachel!

As a Canadian snowbird, I’ve heard rumours that the borders will be closed for the rest of the year and could change moving forward as well.

I think it’s a fabulous idea, but proceed with caution and have a backup plan if the borders remain closed or have complex quarantine regulations that would deter snowbirds from leaving home.

All the best.