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Updated over 10 years ago on . Most recent reply

User Stats

72
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8
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Dominika M
  • Homeowner
  • Brampton, On
8
Votes |
72
Posts

Canadians - 2014 update

Dominika M
  • Homeowner
  • Brampton, On
Posted

Hi Canada -ians, what are you up to at this time? Over the past few months we've seen many new investors join on BP, and I'm curious about everyone's progress. In the intro post everyone says what niche they're picking for REI, but I think it changes over the next few months of research.
Everyone welcome!

From me:
I gave myself until March to do further reserach. In the meantime, I've had a heart to heart with my mortgage broker, and it looks like I won't be able to get a second mortgage for an investment property (because my primary is eating up all my debt room). So that helped me make up my mind to go to US (which I was going to do long term anyway). I've approached an investor from BP to partner up on a deal in their area. The conversation so far is looking good. My short term goal is still to buy 3 properties in 2 years.

And you?

Most Popular Reply

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7,658
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4,300
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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
4,300
Votes |
7,658
Posts
Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied

@Simon Lloyd

Kind words, but the feat has not been accomplished yet. We are dancing with the owner of a mid-sized multiunit building - trying to find a solution which best serves the Vendor's tax position, while benefitting us - or, at least is not a detriment to our objectives. If we can come out the other end on this one, those revenue objectives should be accomplished.

Yes, I still have a JOB, but I do have some flexibility in my schedule - it's another company of mine. The key is, I do not sleep much ... a side effect from years spent at military college in my youth ... and need something to do when the house is quite :-)

  • Roy N.
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