All Forum Posts by: Stevo Sun

Is anyone willing to get on the phone and let me pick your brain?

Looking to chat with someone who is experienced in creative financing within Canada. I'm interested in 'subject to' or 'seller financing'. My goal is to get into a multi family investment using creative financing. 

I would really appreciate your time. Thank you!

I am considering moving a mobile home from one lot to another in a mobile home community within the city of Edmonton, AB. The new lot has existing utility infrastructure and have had a mobile home in place before.  I contacted the city of Edmonton and was informed that moving a mobile home is treated the same as building a new home, and all the following applies:

Development Permit Application

Combined Building, Mechanical Permit

Building & Mech Safety Codes

Wiring Electrical Permit

Underground Service Cable Permit

Electrical Safety Codes

Construction Water Rates 44¢/$1000 Construction Value

Sanitary Sewer Trunk Charge

Lot Grading Fee

To my knowledge, unlike a new home, all we would be doing is reconnecting the infrastructure, and considering that no modifications are to be made to the existing plumbing, electrical, sewer or the lot itself, so do all those permits apply?  If not, which permits are applicable to the moving of the mobile home and reconnecting the utility infrastructure?

I am thinking that other than the utility infrastructure reconnections, everything else such as the lot grading, sewer, plumbing, electrical, underground service cable, building and mech safety codes have been inspected when the lot and the mobile home were first put into service, and we won't be using any construction water either.

Please shed some light, and thank you in advance ...

Good afternoon,

I hope that you are all well.

I was wondering if anyone knew how to find online pictures of properties you wish to buy sight unseen?

Thank you

Thank you @Stevo Sun. Are you a Pro user and do you think it is worth it? Thanks again

Hello fellow investors!

A short introduction for my self whos new to real estate investing here in Canada. Looking at anything from short to long term rental, house flipping and general market info. Very excited to learn from any one of you!

Cheers!

Zico 

Hi Everyone,

I am starting my real estate investor journey and wanted to ask if and which tools can be applied for Canada. I know that most of the tools are built for the US market. 
Thank you

Hola everyone, 

For those in Canada 🇨🇦 : We live in Vancouver, but we are interested in purchasing a property in either Alberta or Windsor. While my work is remote and I can move, my husband works in person. Can I qualify for this purchase using my husband's income, even though he will remain in British Columbia while I relocate first with my kid to our new property?

Thank you so much for your insights ❤️

Every time I try to contact a realtor through the website I am told this? It has been going on for over a week now as I have been attempting consistently.

Has anyone ever had this problem?

I am wondering if it is due to me messaging many realtors with the same message. (Asking for financial data on properties). Have I been blacklisted for spam? If that’s the case how am I supposed to follow the adage of finding that 1 in 100 good deal?

Im in Canada so it seems like Realtor is my best option. I’ve been dabbling with HouseSigma but they don’t have NB listings which doesn’t help. Any recommendations or advice is greatly valued.

I was saying that I would NOT be claiming it as my primary residence and asking if there are other tax benefits to living there. In terms of the mortgage is there an amount of time you do have to live there? surely they can't make you live there the entire time. If i was to airbnb for part of the year and live there part of the year would that qualify?

Hi. I am a Canadian first-time home buyer and have just purchased a fourplex. I am trying to decide if I should live in one of these units vs. renting all 4 and continuing to rent at my current house. For context, I am a doctor with a stable income and was able to put 20% down comfortably to avoid insurance. If I can make more income from renting the unit at my new fourplex compared to what I pay now in rent what are the downsides of not living there? My mortgage has been approved saying that it would be owner-occupied though my broker told me there is no real consequence of just not living there once it's already been approved. Other than having a quarter of the property (purchased for $850,000) qualify as my primary residence are there other benefits, tax or otherwise, are there of living in the property? Everyone seems to advocate for househacking but why would you do this when you can get rent cheaper somewhere else nearby? I have been looking everywhere for this topic and have not found any advice on this.

tldr. Why would I live in my rental property when I can rent it for more than what I am paying for rent now?

Thanks!