All Forum Posts by: Dan Zupancic

qualifying for financing as incorporated in Canada is more difficult and at higher rates.  You dont need to incorp till you hit 5+ properties and even then discuss with your accountant.

sonnet.ca check em out

Scotia Bank has a product that does the 65% as a LOC and 15% conventional mortgage. The danger here is that it can allow you to buy marginal properties that would not cashflow otherwise. You don't want to barely cashflow, AND have almost NO mortgage pay down. You don't want to rely on appreciation alone to make money. Most properties do not cashflow as you expect once you factor in vacancy, repairs etc.

Checkout the Breakthrough Real Estate Podcast, they are based out of Ontario, and go over Canadian content only for real estate investing.  I also listen to the Vancouver Real Estate Podcast, but their focus is of course the Vancouver market.

Hi Isaiah, I too am based out of Abbotsford, I have a few units in Abbotsford and Chilliwack and I am exploring options for short term rentals as well.  Happy to connect and chat more if you are interested.  In terms of meet ups, not much going on in the valley that I have found.  I have attended the Synergy Real Estate group that meets in Surrey, google them if interested, they coordinate thru Meetup.

Cheers, 

Dan

Hello All!

New to Bigger Pockets, but I have been into Real Estate Investing for a couple years now, based in Abbotsford out in the valley.  I have a number of strata units in Abbotsford and Chilliwack doing the ol' buy and hold.  Looking to get into the Airbnb space with some recreational property that will pay for itself!  

Always open to meeting like minded people, so if you are out the valley, drop me a line.

Cheers,

Dan

Hello Kate!

I too own my properties in my own name, but I operate as Zed West Properties as a partnership in BC.  I registered it, as that way I could open a bank account in the business name.  It is more professional, as now I can have the tenants make the rent out to my business name rather than personal name.  Also helps keep the finances separate for tracking purposes.  

It also helps if you want to get trade/contractor discounts at hardware stores, anytime it can save you money is good!!

Cheers,

Dan