Newbie in the Grand Rapids Area

[Stephan Anderson]

Hi, Stephan (Steve) Anderson here.  Totally new to all of this - have a couple of courses under my belt, but very little experience.  However I have jumped in with both feet!  Currently laid off and hoping that wholesaling will be my future.  Living up in Calgary, Alberta, Canada and doing things long distance.

[Yousef Reda]

@Mark Watkins I did look into the market in calgary as my father is down there. Due to the large drop in oil prices around 2 years ago this has caused a lot of layoffs/job lossess in the area causing people to lose there homes as they are unable to afford it. This weakened there economy temporarily but it didnt spread to close by areas such as Edmonton yet. The prices you will see that dropped significantly are homes over 500,000$. Some have dropped almost 35%. Homes below 500,000$ probably hasnt dropped substantially. If your lucky maybe 5-10% decrease in some homes. I think someone like you coming from the USA buying in Canada is not a bad idea as right now the US dollar is standing strong against the Canadian. I have a bunch of sources that tell me the US dollar will fall in the near future compared to the Canadian. So to answer your question there may be some deals but you have to look deeply. Given historical data like in 2008 when the economy crashed house sale prices usually drop after 1.5-2 years. Its not been about 2 years in Calgary and im not hearing a lot of noise from that end of Canada.