All Forum Posts by: Jon Magnusson

@hashmat,

Thank you.  Specifically, I've been researching financing and lending practices in Canada and it seems as if they are a lot tighter.  Also, as a potential investor from the States are there laws that would bar me from holding a lot of property or flipping multiple properties in a given time period?  Just wondering what kind of experience or challenges others have faced in going into this market.  

I'm possibly moving to Canada and I was wondering what the pros and cons of flipping real estate in BC are.  Specifically, my move would most likely be to Vancouver Island, so if there are any specifics about this area anyone has insight on, I would appreciate it. 

I accidentally got involved at the age of 34 when my company transferred me and my "forever home" became a rental at a monthly net loss.  My carrying costs ate up all and any equity I had gained, but it taught me a lesson.  Now I'm 39 and I'm currently property free looking to buy an actual investment with monthly cash flow.  Can't wait to get started but still researching which type of investment will work best for me.