All Forum Posts by: Paul Britton

I wouldn't believe what they are saying about Covid layoffs. There are multiple community organizations that will work with them to get their rent paid if they really made rent their number one priority. If they will leave without issue that is great. Any money you get from them is a bonus.

1 Vote

South Bend, Indiana

Quote from @Ryan Culley:

Hi all,

Brand new to real estate investing, but have been studying the topic in depth for the past two years.

Question for anyone who lands on this post - are there any tools out there, similar to the ones provided by Bigger Pockets, that specifically support the REI market in Canada?

I'm finding that the info here is incredible but a lot of the tools only service US investors.

Anyways, thought I'd quickly drop a line to introduce myself to the broader BP community.

Feel free to reach out.

Thanks!

Ryan

Hello Ryan and Welcome

If you use the calculators on BP they analyze a deal just as well in Canada. You will just have to add your market specific data.

Paul

0 Votes

Toronto, Ontario

Quote from @Ockert Kruger:

Looking for information re: investing in the US as a Canadian - for cashflowing / appreciation investment properties, if there are any Canadians doing this I would really appreciate some very simple info about how you went about doing it - setting up a bank account, did you open an LLC there, did you have to pay additional taxes etc.. Unfortunately finding deals in Canada is tough, the rent / value ratio isn't realistic and we don't have tools that make strategies such as 'driving for dollars' possible. Looking to the US for my investment goals.

I just closed on a Duplex in Ohio. If you want to chat send me a DM and we can jump on a call.
Take Care
Paul

0 Votes

Calgary, Alberta

Quote from @Hebron Watson:

Hello, I am starting my practice in Edmonton, Alberta, and trying to leverage BiggerPockets tools from Canada. It has been a struggle because many of the tools only work for the US. Have users in Canada found ways to make this platform more valuable for them?
Should we be petitioning for a few simple changes that would make the site more usable for us?

Thanks,
Hebron

All the calculators work in Canada. I've analysed allot of deals in Canadian markets.

1 Vote

Edmonton, Alberta

Quote from @Blesson Biju Alexander .:

Will the rent estimator and rental property tool work accurately with properties in British Columbia, Canada ? or is it only for US Properties ?

Hello Blesson

I analyzed Canadian properties for a year in Canada the calculators definitely work.

0 Votes

Vancouver, British Columbia

Quote from @Bruce Woodruff:

Quote from @Paul Britton:

Ah, good old Rent Control. Of course. Makes sense......

In most provinces you can only increase rent a small percentage. Generally just keeping up with inflation (until recently). So RE investing is generally a equity appreciation play.

0 Votes

Upstate New York, New York

Thanks Everyone all great responses. This is my I really like BP.

Thanks Again

0 Votes

Quote from @Bruce Woodruff:

Seriously? No SFRs will cash flow? Why is that?

Houses in good areas in Canada have appreciated so much and rent has not caught up. Also most provinces have very strict rent control that wont allow for rent increases. Investing with less than eight units in Canada is most likely always an appreciation equity play. If you break even you're doing very well.

1 Vote

Upstate New York, New York

I don't think McDonalds usually rents any properties. They tend to own the land and rent to their franchisees. I'm sure it happens somewhere though.

0 Votes

Quote from @Jonathan R McLaughlin:

Investing from a foreign country (even Canada) I would be most concerned with stability and equity. Can you sell/exchange and do a cash flow property closer to home?

Know a triple decker in Cambridge purchased for 2 Million, kept empty for two years and sold for close to 4 million to a chinese investor who was mostly concerned with keeping money out of China and safely invested in the US.

YMMV of course, but high cash flow/low appreciation assets are pretty management intensive.

Extremely hard to find a cashflowing property in Canada under eight units. I looked for a year to find a market that worked. I moved my focus south to Ohio.

1 Vote

Upstate New York, New York

All Forum Posts by: Paul Britton

Paul Britton has started 3 posts and replied 44 times.

Post: Non-paying tenant, eviction vs peacful termination of contract

Post: Saying hello from Canada

Post: Canadians Investing in the US

Post: Using BiggerPockets in Canada

Post: Will the bigger pockets tools work with Canadian properties ?

Post: Would you purchase strictly for cash flow?

Post: Thoughts on the 1% Rule

Post: Would you purchase strictly for cash flow?

Post: NNN seller financing?

Post: Would you purchase strictly for cash flow?

Paul Britton has started 3 posts and replied 44 times.

Biggerpockets Logo Post: Non-paying tenant, eviction vs peacful termination of contract

Biggerpockets Logo Post: Saying hello from Canada

Biggerpockets Logo Post: Canadians Investing in the US

Biggerpockets Logo Post: Using BiggerPockets in Canada

Biggerpockets Logo Post: Will the bigger pockets tools work with Canadian properties ?

Biggerpockets Logo Post: Would you purchase strictly for cash flow?

Biggerpockets Logo Post: Thoughts on the 1% Rule

Biggerpockets Logo Post: Would you purchase strictly for cash flow?

Biggerpockets Logo Post: NNN seller financing?

Biggerpockets Logo Post: Would you purchase strictly for cash flow?

Post: Non-paying tenant, eviction vs peacful termination of contract

Post: Saying hello from Canada

Post: Canadians Investing in the US

Post: Using BiggerPockets in Canada

Post: Will the bigger pockets tools work with Canadian properties ?

Post: Would you purchase strictly for cash flow?

Post: Thoughts on the 1% Rule

Post: Would you purchase strictly for cash flow?

Post: NNN seller financing?

Post: Would you purchase strictly for cash flow?