All Forum Posts by: Zorya Belanger

Hi @Xavier Ceo

That's what this forum is for! Yes, I know a ton of investors in Edmonton. I'll be honest, I've never done any wholesaling, but I've purchased a property, or 2... or 35 :) I have all the paperwork for assignments though as I did take a course about it from an Edmonton real estate investing-focused lawyer.

Send me your email through DM and we can find a time to connect.

Hi I’m in Edmonton too. If you want a simple excel spreadsheet that I use, send me a DM.

Just make sure you get advice from Canadians investing there. Canada doesn't recognized an LLC so be careful as you could get double taxed. I'm part of a group of Canadians buying in Texas, so I could let you know how we're doing it.

Thanks for the mention @Ken Didychuk

Hi @Hebron Watson

I can help you out, as I have quite a few contacts for residential and multifamily commercial property.

Send me a message, with exactly what you are looking for.

Quote from @Jason Yong:

Quote from @Zorya Belanger:

For Canadians, I recommend Real Estate Investing in Canada by Don Campbell. 

Appreciate the recommendation for Canadians! So this book from 2009 still has useful info?  

Yes, the basics of real estate investing haven’t changed! Of course if there are any specifics mentioned (I can’t remember if there are) around mortgage qualification, or taxes, you’d want to check with your broker and accountant for updated info. 

I agree with the other replies, as far as reading books. For Canadians, I recommend Real Estate Investing in Canada by Don Campbell. 

Yes, there are ways to invest without doing brrrr. That’s just one strategy. Do not buy a million dollar house as your first rental property. You may have to invest out of province for numbers to work. Also, it’s a mindset that it will be a looong journey. There are people who have built massive portfolios in under 10 years. That’s not a long time. 

I would start by connecting with other local investors, as their experience will be the most relevant. Look for local meetups/events and Facebook groups for Saskatchewan investors/landlords. 

Hi Jesse,

Before jumping into the US, make sure you talk to a cross-border accountant to set things up correctly. Also, you may have trouble financing property as a Canadian, and have to pay all cash, so look into financing options too. Another good podcast is Glen Sutherland - A Canadian Investing in the U.S.

Hi Brody,

I agree with Michael, that after adding in property management, and higher maintenance costs, looks like it will just break even, which is not uncommon when using such a high interest rate. Do the tenants pay for utilities?

If you put 20% down, you can get a 30 year am. 

A very important factor you are not sharing is the market. I cannot tell you if this is a good purchase if I don't know what city and neighborhood it is in. Are people moving there? Are jobs growing? Does it have a diversified industry? What kind of tenants will it attract? Is there rent control? Landlord-friendly laws? What is the likelihood that rents will increase? Do you have money for closing costs?

I would still consider it, just need some more information.

I’m in Alberta and I agree with the above post. You are absolutely not required to provide AC. They knew it wasn’t there when they signed the lease. Are are also not required to share your partners info  

Don’t let them push you around.

It’s actually silly (for those reading this from the US). We have max 20 hot days here; they can buy themselves a fan or portable unit and suck it up. It’s their responsibility.