All Forum Posts by: Anthony Therrien-Bernard

I sent you a PM

@Josee Fortin

You gotta work with a mortgage broker that has experience working with investors, and make sure to lay out your long term strategy up front as it really helps with finding later on, he will make a plan on which lenders to use first, which to use later etc. If you are looking for someone I have one that is absolutely outstanding he is the only member of me "rockstar team" that I have not replaced, I can send you his info if you'd like.

 I'm surprised rents are the same, how are you finding vacancy compared to Calgary?

My rental properties are in Huntington Hills

What kind of properties do you have in Airdrie? I'm surprised to hear cash flow is better?

Sweet, that's a good strategy in Calgary to continue doing, suited properties can cashflow reasonably well even in this market 

Is it a legal basement suite? If not my advice would be to legalize it while it's affordable to do so :)

It doesn't sound reasonable to me unless there was high probability of high appreciation, as Chris said I would also sell ASAP and purchase a good cash flowing property instead. You need to calculate your net cash flow taking mortgage, property tax, maintenance, vacancy, insurances, property management, utilities and whatever other cost you have into consideration, it should cash flow after paying all these costs( and personally I also stress test whole thing with lower rent and higher interest rates just to be sure).

Hi everyone,

I though I would repost those 2 ressources that came in today from the government of Alberta in case some of you might not have stumbled onto them yet. It's important for us to be familiar with those new rules as the situation with Covid-19 and it's impact on the rental market evolves.

Rent Payment Plan:

https://www.alberta.ca/assets/documents/COVID-19-rent-payment-plans.pdf

Eviction Enforcement Suspension:

https://www.alberta.ca/assets/documents/COVID-19-suspending-eviction-enforcement.pdf

Collaborate Real Estate is a pretty nice meetup. They have an event in 2 weeks