New Member from Edmonton, Alberta

[Dan Jensen]

Hello Bigger Pockets,

My name is Dan, and I am based in Edmonton, Alberta.  I am new to the community although I have been lurking for the past little bit.

I completed my first deal last week, which is for a single family home with a legally zoned basement suite.  I had been looking for many months and my gut feeling on this deal was this was a good deal based on my rudimentary knowledge as I could afford the home without a tenant, it had a clean inspection, basement was fully zoned and renovated recently (tough to find), and the perks like the double garage and being close to work seem to be rare.  So on the surface it suited me well as a primary residence (I wish I had found bigger pockets sooner to assess deals).  With inheriting a tenant in the basement suite the income will cover about 60% of the mortgage.  My plan is to house hack for a few years and rehab the upstairs, with a long term goal of refinancing to purchase another property.

I am hoping to learn more about assessing deals (to see if my deal was actually as good as I think it is, and prepare for a second deal), adding value to the home through rehabilitating the home, and being a landlord (my tenant's lease is up in December so I am developing the paperwork so he can reapply).

Thanks for reading this. I hope to learn a lot.