All Forum Posts by: Jessica S.
Jessica S. has started 2 posts and replied 8 times.
Post: FREE MLS In Canada?
- New to Real Estate
- Manitoba, Canada
- Posts 8
- Votes 4
Are you thinking of something like Realtor.ca?
Post: Resources for investing in Canada
- New to Real Estate
- Manitoba, Canada
- Posts 8
- Votes 4
Quote from @Stevo Sun:
Hi folks,
I'm trying to get Canadians together to share our experiences. We have a group on Reddit if anyone is interested.
Post: Greetings from Canada!
- New to Real Estate
- Manitoba, Canada
- Posts 8
- Votes 4
Welcome here!
Post: Looking for Meetups
- New to Real Estate
- Manitoba, Canada
- Posts 8
- Votes 4
Hey everyone!
Newbie here looking to meet with some investors nearby in the future. I'm looking at househacking my way to buy & hold rentals, hopefully, small multifamily in the future. Either comment below or connect with me privately. (You don't have to be extroverted I promise.)
Thanks!
Post: Any Investors in North Dakota?
- New to Real Estate
- Manitoba, Canada
- Posts 8
- Votes 4
Hey everyone!
Looking to connect with any investors in North Dakota. I'm just north of the border in Manitoba but am having a hard time connecting with anyone local. If someone "nearby" wants to connect, let me know!
Post: Any Canadians In The Room? 🇨🇦
- New to Real Estate
- Manitoba, Canada
- Posts 8
- Votes 4
Here!
Post: Can you buy multiple properties at 5% down in Canada?
- New to Real Estate
- Manitoba, Canada
- Posts 8
- Votes 4
Quote from @Elijah Williamson:
I'm a big listener of the BP podcasts and have read most of the books they've recommended there but they're largely American and often talk about American real estate strategies. As both a new investor and a Canadian one, it's hard to tell what relates and what doesn't.
One particular question I have relates to a common strategy that is mentioned a lot on BP. Can I buy a property at 5% down, live in it for a year, then buy and move into another one at 5% down, turn my last primary into a investment property and continue to repeat this process?
I ask because I've been told by a few friends that you only get 5% on your first property then every other property is 20%. These friends are older then I but also have no REI experience so I'm not sure whether I can trust their knowledge on the subject.
As a side question. I'm running out of books to read and would love suggestions on specifically Canadian real estate ones as I feel I'm reading to many American ones.
I have heard good things about Don R Campbell's books on REI for Canadians. Your local library should have some titles of his.
Post: How do you feel in general about foreigners owning RE in the US?
- New to Real Estate
- Manitoba, Canada
- Posts 8
- Votes 4
Are we discussing commercial or residential? Residential is ok in my opinion because of how fluid our world has become with the increasing ease of travel. Commercial becomes a problem when foreign companies/powers have access and/or control of national resources. For context: I grew up as a foreigner in a nation that never allows foreigners to buy land. Such a policy allows a nation to ensure the ability of its citizens to develop their own land but it was frustrating for my family as we were long term residents. The ideal scenario in my opinion would protect national resources and provide economical control for citizens while also providing a way for intended "lifers" to buy their own homes, start a business, and become a part of the national fabric.