All Forum Posts by: Shrey A.
Shrey A. has started 5 posts and replied 21 times.
@Rylan Conrad Thanks! That is good to know!
Post: Networking in Grande Prairie, Alberta
- Posts 21
- Votes 12
Originally posted by @Terry Friesen:
@Shrey A. I still think GP is a good place to invest you still make a profit and there is potential upside when market turns around. As to what area you invest is your strategy those areas would probably cash flow the best and be the cheapest to purchase but older area comes with older homes with more problems and lower tenant quality on average in those areas so personally I don't own any properties over there but if the right deal came I would still purchase in that area but it doesn't really fit our strategy of low maintance properties since we self manage all our properties
Thank you for the valuable opinion. May I ask what are the quality areas in GP that you prefer? Also, what do you mean by when the market turns, because it looks like prices have gone up already.
Post: Scaling out real estate investment portfolio
- Posts 21
- Votes 12
Hi, I'm not a seasoned investor, but I'm curious to understand how the portfolio scales. I assume you use your equity that has built up in one property to buy the next. But math would tell me that unless my house price appreciates, the equity being built per year isn't that much, if I get 500 let us say in cashflow and 10k in debt paydown. I don't have an infinite pool of money for downpayments either. So I can buy maybe 3 more properties before I spread myself too thin.
so is passive or active appreciation required for scaling a real estate portfolio? Hence limiting the places you can invest in?
Post: Networking in Grande Prairie, Alberta
- Posts 21
- Votes 12
I'm wondering what you think of the current investment climate in GP? Also, how is the Mountview/Hillside neighborhood?
Any more of these coming up?
Post: Networking in Grande Prairie, Alberta
- Posts 21
- Votes 12
Hi did you ever start the meetup?
Is investing in prince george still a good idea today ? How is the market and the future ? Are there may projects coming up nearby?
From what I gather, we need to find something with positive cashflow which is not as easy to find as it is in the States. So you'll have to put substantial effort in research, depend a bit on Don Campbell's strategy for Canada and be willing to become creative.
Post: Meetup for any real estate investors in BC
- Posts 21
- Votes 12
Hi guys, I've been looking to get into real estate and have done a fair bit of self-educating the past year. I have a condo of my own, but I want to look for investment opportunities. A lot of you here are new or new-ish like me, and some of you are seasoned folks. I wanted to see if people would want to come together for an hour and discuss what they have learnt recently, share experiences or any tips. Would love to connect.
Please reply if folks are interested, and I would happily be the facilitator. :)
Canada !
Hi guys, would you want to organize a call again?