New investor - market suggestions? :)

[Ken Steph]

Hi everyone!

I'm a new investor from Vancouver, BC just been listening to a lot of podcasts, read a few books, joined REIN etc to get a bit more educated. 

I'm ready to get started but since I'm not attached to any specific market yet, I'd love to meet some like minded individuals to discuss opportunities that come up.

I have looked into vancouver (of course), kamloops, kelowna, edmonton and calgary.  My interest has been toward Alberta somewhat just due to better cash flows, no property transfer tax and better landlord/rent bylaws.

I run a business here in BC, own my primary home and would love to build a real estate portfolio to create rental income which I plan to live off of eventually. My budget would be about 500k to start and prefer not to do BRRRR as a first property. I'd like to find a simpler first investment and slowly build some relationships before going deeper.

If anyone is interested in meeting up in Vancouver, or just want to shoot some ideas together , feel free to reach out to me :)

Which market would you look at right now if you were getting started again?

Cheers!

Ken

[Edison Reis]

@Luc H. approach is the best one.

Sooner or later Interest rates will go up and those buying in cities like Vancouver (GVA) counting on appreciation may be faced with a tough situation. 

Always always buy cash flowing properties and let appreciation become a pleasant surprise over time. 

I would recommend Edmonton, Kamloops or Lake Country 

Good luck 

Edison