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All Forum Posts by: Debra A.

Debra A. has started 1 posts and replied 5 times.

Originally posted by @Josh Arnold:

@Zorya Belanger hit the nail on the head. She's a very well versed investor in Edmonton, every part of your team matters and at the end of the day its all about relationships. If you trust and communicate with, the people you work with in your business will run smooth.Check out the YouTube video for great intel on current economics!.

Thank you, Josh!

Originally posted by @Zorya Belanger:

Welcome @Debra A.!

For your team, you want to start with a good investor-focused realtor. Ask how many properties they own and if they have off-market or pocket-listings. Talk to a few and go with the person whose answers you like best. The realtor should be able to connect you with the rest of your team. Mortgage broker should have similar criteria: be investor-focused, have their own portfolio. Get recommendations from other investors. Property manager - get recommendations. The good ones don't even advertise themselves at all; they get stream of business from referrals.

Edmonton is a great place to invest right now for the long term. You need to find the right property though; not everything works. 

As far as the pipeline, I wasn't too happy about it either, but overall the new administration is going to be good for Alberta. He will be imposing more restrictions and controls in the US and thereby making Canadian oil more competitive again. There was a really good presentation that Todd Hirsh (economist with ATB) did, explaining this, as well as giving his overall opinion on 2021. On youtube, video is called "2021 Economics with Todd Hirsch ATB Economist, Is Alberta Economy Crashing and Burning? Real Estate?"

 Thank you so much, Zorya. This is extremely useful information. I watched the YouTube video and it's very reassuring. I appreciate you breaking it down for a newbie!

Originally posted by @Brandon Upright:

Hey Debra!

I'm an agent here in Edmonton and would love to help answer some questions for you. I may be able to help refer you to some different people in the industry!

Shoot me a message if you'd like to connect! :)

Thank you, Brandon

Originally posted by @Grace Thompson:

@Debra Ayis hey Debra if you’re looking for a good mortgage broker I would recommend Ian Arnot. Best of luck with your real estate investing!

Thank you, Grace!

Hello everyone!!!

I am new to bigger pockets and new to investing. I'm looking to buy a long-term investment property in Edmonton for passive income. I am currently building my team what should I look for in a good mortgage broker, real estate agent, and property manager? What are the red flags?

Secondly (and perhaps this should have been first), I'm a little worried about Biden's decision on the pipeline and other economic factors (I'm reading different takes that are a bit confusing). Do you think it is a good idea to invest in real estate in Edmonton? Why or Why not?

Thank you very much!