All Forum Posts by: Ian L.

Hi BP!

To effectively ramp up and learn as a real estate investor, which of the options do you think is best and why for someone starting out:

1. learning through professional coaching where multiple calls are setup with an expert

2. learning through becoming a money partner in a JV partnership with an expert that is active in the partnership

3. not considering coaching nor JV by learning through solo action as an individual

Some examples of effective learning to me are:

- understanding a particular market and its fundamentals

- learning how to force appreciation through rehab and renovation which includes interfacing with general contractors and understanding city requirements for say a duplex conversion

- finding off-market deals without spending too much money

- placing offers on deals with the aim to close

Hi BP!

Is subscribing to BP Pro worth it for us investing in Canadian real estate? Are the calculators and content relevant for real estate investors located in Canada and investing in properties in Canada?

Thanks @Jacob Perez and @Ade Babasola

Given HELOC is preferable, would I be better off working with big banks or local credit unions in Canada? Better off in terms of rates and loan features.

Hi BP!

I currently own a rental condo free and clear. I plan to refinance the condo to use the proceeds for my next rental property. 

I’m looking for strategic advice on whether the refinance should be in the form of a line of credit or term loan. What factors should be considered to leverage one vs the other? 

The loan proceeds can likely be used for not just one but many properties since it will be used as down deposit for similarly priced homes. So splitting will be needed as part of financing.