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Updated almost 6 years ago on . Most recent reply
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New Member from Edmonton, Alberta, Canada
Hi Everyone,
I have been reading and listening to the podcasts on this website for a while, and decided I should also reach out to you all!
I am from Toronto, but have been in Edmonton for over a year now - and I am really motivated to get started with real estate investing in this city.
I spent a short period as a real estate agent in Toronto over a decade ago; but other than that I have very little real estate experience. I have since switched careers into Occupational Health and Safety, which treats me very well.
I would certainly appreciate any additional insight on creating an investment/income property situation in Edmonton. I have viewed a lot of properties myself and done as much research as I can, which has led me to find the most promise in the King Edward, Ritchie and Oliver areas. I also like Cloverdale, but it seems too expensive.
I know infill properties are popular in these areas, but I'd rather stay away from them because I do not see them as beneficial towards my goals.
My main focus is on beginning with a single family home with a 2 bedroom basement suite, which I am willing to renovate/build. Or a multifamily home, if I can make it feasible.
For my first investment, I intend to live in one of the units, so I wanted to stick to my desired locations listed above.
I really appreciate any insight into any of this - but please do not hesitate to reach out to just get connected!
Thanks for reading,
Jay
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Welcome to Bigger Pockets!
You'll find plenty of friendly, knowledgeable people willing to respond to your posts. A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.
There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro
The site has quite a few tools that can be helpful for new members. For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users
I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alerts
There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides