Introduction from Vancouver, BC

[Kito Wong-Clayton]

Hi guys, long time lurker and first time poster My name is Kito, hailing from beautiful BC up in Canada. I had stumbled on this site last year after coming into some pretty substantial raw land that I needed to figure out what to do with. Since then I've been learning and diving into the world of REI, buy-and-hold multifamily properties to be specific. I'm still working on my first deal, trying to decide if buying a duplex first is my move or to build on the raw land. So far I've been looking to do the long distance thing in Nova Scotia, primarily in a town just outside of Halifax named Dartmouth (also trying to decide if going into the US is an option but that double taxation thing is rough). All that being said, I look forward to being more active with you guys. Glad to finally say "hi"

[Trevor Gaal]

Hi Kito,

Nice job, it sounds like you've done some homework! Nova Scotia is a great place to invest! Halifax/Dartmouth/Bedford are really considered to be the same city (it's the HRM - Halifax Regional Municipality). Dartmouth is where you'll find the lower price points, and generally speaking the better ROI because the rents are still comparable (unless you're right on the Halifax peninsula where everything is higher). For the price of a down payment in Vancouver you can buy an entire duplex or even a triplex out here! Our most recent triplex was 225k, we collect 2925/month in rent and tenants pay their own heat and electricity.

Lower Sackville can also be a great option. Prices are even lower than Dartmouth, but it's only a 15-20 minute drive into the city so there's a lot of room for appreciation as well as a decent cash flow.

You'll want to have a good team of local experts in place when you're investing outside your home city. We can definitely help you find a great investment and make sure it's well-managed, so don't hesitate to hit me up. 

Cheers,

T :)