All Forum Posts by: Binh T.

@Andrew Joseph Can you recommend a good contractor with experience in basement suite legalization? Thanks.

@Tony Akhigbe I'm looking for a contractor to legalize a basement suite. Please let me know if you can share any recommendations. Thanks.

@Nicole Tate-Stratton Thanks for the recommendation. Did NGT do all the permits application, drawing, inspections, and the basement renos for the legalization? Thanks.

Can any recommend a Property Management company in the Calgary area? Thanks.

Similar to many of the previous answers, I'd suggest going to your local library and starting signing out books on REI and save yourself some money. I was surprised to find at my local Burnaby library (Cameron branch) has a great collection of REI books including "The Little Book of Real Estate Investing in Canada" by Don Campbell and "Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental" by David Greene.

Hi there - We're looking to invest in a multi-family property in the Shuswap area, Salmon Arm specifically. Can anyone recommend a property management? Thanks.

@Account Closed 

Thanks for the feedback. Absolutely agree with Langley and Valley areas as a good place to start. We're targeting area that are close to public transportation or along the future skytrain line. Given the WFH trends, we think 2 beds ground floor units will probably be more desirable.

Hi BP,

First time posting. We live in an expensive market (Vancouver BC area) and recently took the plunge and bought a rental condo in Coquitlam. The good news is we were able to get a tenant right of way, but the bad news is that it doesn't generate positive cash flow. We knew this going in and we're counting on property appreciation for ROI. We have some fund left from our refinancing and we're deciding on how to get our next deal. We have two thoughts. First, long distance investing in cheaper markets. We heard Moncton, NB is a good choice but even that is getting hot. The cashflow looks great, but the thought of long distance is scary but we know it can be done. Second option is to fix and flip a condo in the Vancouver area market and target 10% - 15% ROI. Is that realistic? Open to feedback and suggestions. Thanks!

Binh

Hi Scott,

I'm planning to use Neal's method to find my first long distance deal in Canada. Other than Stat Canada, I'm wondering if anyone on BP know of a Canadian database that would have the data need to implement Neal's method. I've came across

https://townfolio.co/find-comm... but found some inconsistent data.

Binh