All Forum Posts by: Yuan He

 Awesome, may I know the date and location?

Hello!

I'm a real estate investor from Nova Scotia Canada, and will be traveling to San Jose from Oct 1st - Oct 3rd. I would love to meet and connect with any like minded investors to exchange ideas and different market conditions between where I live and Bay Area. Thanks a lot!

Yuan

Hello All!

I'm super curious to hear how have you guys been navigating through current market and how's your investing journey in NS been so far!

Yuan

Hello @Yong Lai Welcome!

I'm an investor and I live in Halifax myself. Feel free to shoot me a DM and I can invite you into couple of local FB groups, and also maybe WeChat groups if you are on. How's your investing journey in NS so far?

Yuan

Hi Daniel,

I'm a investor based in Halifax, and I actually typed quite a lot of information about market situation in Halifax Regional Municipality(HRM) in previous version of post, but BP think I'm violating rules here.... so feel free to PM me for those if you interested.

In short, If you are willing to go 1 hour further from HRM to areas like Truro, Kentville, Bridgewater, I'm sure you'll have your luck there. In HRM, it will be very tough to find a good property in a nice neighbourhood with 150k-200k budget.

Best luck !

Yuan

Hi Daniel,

I'm a investor based in Halifax. And Greg is on point about the market. Saying hot is an understatement for current market situation in Halifax Regional Municipality (HRM) . Most of the single family or small residential multiplexes are selling 100k above asking, and I would say the average residential property sold price is near 400k (definitely fact check on me about this though, could be higher) . You mentioned about "better neighbourhood", that would mean you probably are looking at even 500k above. Unless you can find a off market deal in area like lower sackville, I would say 150k to 200k probably won't buy you a nice property in a nice neighbourhood in HRM

However, if you are willing to go 1 hour further away from HRM, Truro, or the valley area (Kentville, New Minas) will surely have the deal you are looking for. I have a property in Kentville and it currently gives me 15+ COC return cashflow-wise. And due to the ripple effect from HRM, they are getting decent appreciation as well.

Happy to chat more if you are interested.

Best luck !

Yuan

Hey @Account Closed welcome to the community ! 

I'm a real estate investor in Halifax too. I currently househacked a duplex in Bedford and own another rental in Kentville, trying to acquire a small apartment building at the moment. I always welcome any opportunities to connect with a fellow investor and maybe exchange ideas and opinions. And it's awesome to see more Nova Scotia investors jumping on BP ! 

@Andrew MacCaull

Hey Andrew, I think in a short term this will likely cause huge hit for some value-add apartment since most are NOT using term leases. Thus cap rate might increase imo. For landlords who are already using term leases, this might not be a big impact, but definitely minority. I lean towards this possibly cooling down the market a bit. I surely hope this won’t be permanent. What are your thoughts ?

@Josh Garden

Hi Josh, I’m super interested in investing in Nova Scotia. As matter of fact, I’m so interested that I moved with my family to Nova Scotia last summer 😜..

All joke aside, I think Nova Scotia in general is a great market to be in. I started last year and now I have acquired tow duplexes with two apartment buildings under contract. The competition is fierce but I think you can still find great deals. Best luck ! Always happy to connect with a fellow investor !

Yuan

Not really, I can't seem to track owner's addresses, but would definitely be a great way if you can get them. I just don't know which tools we have in Canada for this.