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Updated almost 9 years ago,

User Stats

28
Posts
11
Votes
Xuan-Thy (XT) Bui
  • Richmond, British Columbia
11
Votes |
28
Posts

Newbie from Canada, eh!

Xuan-Thy (XT) Bui
  • Richmond, British Columbia
Posted

First I'd like to wish a happy and prosperous new year to everyone and may 2016 be the best one yet!

...and on that note, hi!  I should start off by helping you with the pronunciation of my name: "Swan-See".

I'm originally from Montreal (hence the "Swan-See" - it's much easier to attempt my name in French) but moved out to Vancouver area back in 1992 (wow, ages ago now!). I grew up speaking French, unfortunately if you don't use it you'll eventually lose it. Definitely well on my way to losing it.

Found out about Bigger Pockets through a real estate investor friend of mine and loving what BP has to offer (especially the podcasts - listened to all of them over the paste several months).  I currently own a rental condo in Burnaby along with my primary residence in Surrey and my wife and I are at a point where we're ready to be move forward with actionable steps to achieve our real estate goals.  We'd love to invest locally however the the high real estate prices in Vancouver & surrounding burbs make it very difficult to accomplish without the needed deep pockets.  

Our next move is looking at the US markets and my goal for 2016 is to own a 2 to 4-plex property cash flowing $150/door with a conservative goal of 25 units in 5 years, using a buy & hold strategy.  The markets I've heard that are providing good cashflow are Memphis, Chicago, Kansas City, Birmingham, Dallas.  Would love to hear your opinions on those markets and others that you believe are good areas to check out!

As for local meetings, I'd love to meet with some of the local Vancouver area BP members that are either investing in Canada (ie. Vancouver, Calgary, Hamilton, Halifax, Moncton?) or actively investing in the US.  Coffee's on me of course!

Looking forward to our future conversations and learning from this awesome community!

-XT

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