A Canadian Newbie

[Doug Keefe]

Hi BP

I'm a newbie. Probably even pre-newbie.

I'm located on the east coast of Canada in PEI. Married with a very baby boy at home (10 weeks old!).

We own a home here but have some investment capital set aside and looking at real estate investment. Our goal is to move away from away from cubicle dwelling and generate cash flow and returns from real estate.

Interested in investigating a few different real estate avenues. Flipping, rental, land development, vacation rentals. I haven't settled on one yet. Hoping through learning and speaking more with BP members to make informed decisions before committing $$.

Looking forward to meeting you.  

[Roy N.]

Originally posted by @Doug Keefe:

Hi Roy,

Not sure if PEI is the place to invest. Pretty slow pace market here. If I do it'd be rentals. I like the idea of international properties, though maybe that's adding too much complexity starting out.

I see you're setting your goal at 50 units which is awesome! Are they all in NB?

 Doug:

I had never considered the Island for rentals - around the university would likely work well as would vacation rentals at the coast.  Many islands have ownership restrictions on those from away.  I know PEI restricts the ownership of agricultural lands, but have never investigated to see if there are similar restrictions to waterfront property.

As for us, we are about half-way to our new revised goal, but have been basically stalled here for over a year as we've not found any deals worth purchasing.   90% of our properties are in NB, though We jointly own a property in New England and have been looking for properties in other parts of the U.S.A.