All Forum Posts by: Jason Yong

@Stevo Sun but you think it's possible with 2 doors then? 

Does this sound accurate for a legal duplex?

"Basement suites must have a separate kitchen, living, sleeping, and bathroom areas from the main residence. However, they may share the same laundry area, backyard, parking spaces, and storage area with your main residence."

What about basement ceiling height? Is there fire door requirements? or anything else?

So at around $400k for a property...

Mortgage calculators are showing ~$2k monthly payments. 

Not sure of the exact way to estimate expenses for: Vacancy, CapEx, Management, Property Taxes, Repairs, and Insurance...

But I guess my question then is can a $400k property in Calgary rent for ~3k? 

Thanks for that @Stevo Sun, sounds like with the interest rates, Calgary will be very hard to cashflow then? Time for me to move on to Edmonton, Halifix or the US?

@Anthony Therrien-Bernard
What would a semi-detached with a legal basement suite in a B neighbourhood go for? 
Does it make sense to look into ones that I can convert into a legal suite to try to get a deal? 

@Anthony Therrien-Bernard@Anthony Therrien-Bernard@Anthony Therrien-Bernard

@Anthony Therrien-Bernard

Wow! Thank you so much for that insight @Anthony Therrien-Bernard.

I think my next step (big step) is to do a high-level comparison of Calgary, Edmonton and Halifax. Then decide if I should open up to the US. A little overwhelming, but I'm up for the challenge. Grateful to be part of such a helpful and knowledgable community here though 💪🏼🙌🏽


THanks @Gregory Grant, I'll let you know. 

@Khai Hong Thank you so much for an informative response. I really appreciate your input and effort. I will look into Halifax. Interestingly, I don't see any rentals on Zillow, but quickly found rentals.ca showing some. 

I hope that I don't fall into analysis paralysis. Now that I'm into long distance investing and considering the US market, it's just hard to figure out where to start. One question I have is, I see you screenshotted an MLS report. What sites/tools/sources do you use for things like areas with steady/increasing population, diversified jobs growth, and limited land. I'm pretty confident in my ability to Google, but I'm sure you and this community can point me in the right direction.

Thanks again!

 Hey! I'm in the same boat. Living in Toronto and considering investing in the US. Multi-family would be great but if Single family numbers work, I'm not opposed to that either. I've gotten interested in the US due to better chances of cash flow positive investments. 

 Calgary and Edmonton are top of my list to check out before researching investing in the US as a Canadian. 

From my brief research, I think Edmonton had lower prices. But haven't had a chance to review the 12 factors check from the ACRE system

1. 1. Interest rates
2. 2. Income rising
   1. [Edmonton, Calgary bring in $10K over national average in household income: Stats Can](https://globalnews.ca/news/8986382/edmonton-calgary-higher-national-average-household-income-statistics-canada/#:~:text=In Edmonton%2C the average household,tax household income of %2473%2C000.)
   2. is oil dying due to EVs?
3. 3. Increased in migration and demand 
4. 4. Ripple effect 
5. 5. Local, regional and provincial political climate
6. 6. Transportation expansion
7. 7. Areas in transition (gentrification)
8. 8. Creating highest and best use
9. 9. Buy wholesale, sell retail
10. 10. Quality marketing
11. 11. Renovations and sweat equity
12. 12. Speculation

Also, I have bought but yet to start reading:

Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties 
by David M Greene

 Thanks @Jeremie Rochon. I honestly hadn't thought of Northern Ontario but will check it out. I haven't seen anywhere in my searches with tri or fourplexes so that definitely has my attention. 
Also thanks for mentioning the DurhamREI group. Durham is right next-door to me so those events will be easy to go to. 

Thank you all for the recent replies. Apologies for the delay as I've just welcomed my son to the world and currently busy with what comes with taking care of a 5 day old 😉.

@Khai Hong Thanks for the reply. Yes! great to see fellow Canadians. Especially as resources tailored to us are less abundandant than our neighbours down south. Really appreciate the points you made on house hacking and it makes total sense. It's just that I'm with a family of 4 right now plus dog and I don't think that fits our lifestyle even though it would accelerate our wealth building. KW was on my list to check out, but I may try to find other places that can provide positive cash flow. 

RE: Your crypto idea, I think it's great and kudos to you for exploring this idea. First, I would say to really think about how the tokenomics would work. I know you mentioned advertising (also look in affiliate marketing), but tying payments to an on chain token is no easy task. However, that just means if someone figures it out, they are primed for success. Launching the token itself can be done in a few clicks. Checkout Coinvise or Aragon. It's tying back value such as advertising revenue that would be tricky. perhaps you set up the set so that advertisers must use your coin to buy advertising space, thus creating demand (value) for the coin (this is tokenomics). Awarding coins for helpful reviews isn't the largest project, but would still probably require more than a "sprint" (2 weeks or 80 hours). One tricky thing with such endeavours is most onchain activity costs "gas'. doing this on Ethereum would be expensive and not feasible. Doing it on an Ethereum L2 like Polygon or optimism is cheaper but still infinitely more expensive than reddit upvotes for example. If you expand to other chains beyond Ethereum you may sacrifice security for cost and speed, which may not be a bad thing just something to consider. 






@Drew Sygit thank you for your reply!
I will look into the links you provided when time allows. As a Canadian I am ignorant of the nuances of investing in the US and appreciate your points. I plan to dive deeper into my learning journey of investing in the US and will circle back. 🙏