BRRRR in Canada - any different than in US?

[Jessica Vanderveen]

Hi everyone! 

I just finished reading @Brandon Turner's book, and am in the middle of @David Greene's BRRRR. I just bought my first real estate deal and I'm planning on using the BRRRR method. I live in Canada. Are there any other Canadian investors that use the BRRRR method? Are there any differences in Canada than what Brandon and David talk about in their books?

[Roy N.]

@Jessica Vanderveen

The practice of buying an unloved property at a good price; forcing appreciation by updating the business (modernizing the property and increasing the net revenue); and refinancing the now more valuable property/business had been around a long-time before it received the BRRR acronym.

You can do this in Canada just as well as in the U.S.A.   There are no real differences outside of the regular discretions in finance, taxation and regulation between the two countries.  You will find that refinancing may actually be easier here in Canada as there are not the same wait periods you frequently encounter in the U.S.A.  ... we've refinanced properties in as little as 45-days after purchase.