Aspiring Investor from Canada

[Paul Alphonsus]

I am from British Columbia in Canada and looking to start investing in real estate. I have been doing some reading and investigating the market where I will be doing my first investment, I am leaning towards Alberta. I have managed to save up some funds over the last 2 years from my current job.

I have been reading Brandon's books on real estate investing: Investing in Real Estate with No Money Down and I just bought his books on rental property investing and managing rental property.

I am very interested in rentals to build up a portfolio and I am open to any advice on:

1. How to do the numbers for successful rental property acquisition. I also bought a book on this.

2. Key things to look out for before purchase and closing. 

Thank you.

[Theresa Harris]

Quote from @Anthony Therrien-Bernard:

Quote from @Theresa Harris:

I'm in Lethbridge.  I have rentals in BC and AB and they are very different.  AB is not as landlord friendly as BC and doesn't have property transfer tax.  Insurance is a bit higher in AB. Property taxes are also different.  In AB they seem to be about 0.8% of the assessed value. In BC it doesn't seem to be a % of the assessed value (which is good given the price of homes).  Overall property taxes are a bit higher in AB relative to the price of the home.

As Stevo said many of the basics that apply to US rentals, apply to Canadian ones.

I hope you meant that BC is not as landlord friendly as AB!

 Sorry-yes.  BC is very tenant friendly, AB is more landlord friendly.