Investing in Prince George

[Robin L.]

Hello Everyone,

Hope all is well with you=)

Recently I have been looking in Prince George / Northern BC for investment opportunities.

Was thinking to implement the BRRRR strategy here because:

1.) Price is affordable

2.) Rent / Price ratio is a lot better than other areas in BC

3.) Low vacancy rate

4.) Higher population base (relatively)

5.) Diverse industries (construction, forestry, education etc.)

I believe even the room for high appreciation is uncertain, it's safe to invest for cash flow here (especially BRRRR).

Would love to hear your opinions on investing in Prince George / Northern BC, or successful stories ;)

I am planning for a trip to Prince George, calling for all real estate professionals in town, lets have a chat!

Or any recommendations for realtors, brokers or property managers would be greatly appreciated.

[Evan McLeish]

Hi @Robin L. @Chris Muller, I Invest in Prince George using the BRRRR method. Currently have multiple properties on buy and hold in the area as well as 4 properties being renovated with partner at the moment.

I am born and raised in Prince and have seen it grow and areas develop, @Robin L. I have seen you post about 1% deals, I have been able to accomplish this using the BRRRR strategy in B or A areas of Prince George. If a property is a 1% Turnkey i would recommend looking at the area as it will come with headaches. Generally the VLA area (veteran lands act) is what we call the "hood" and produces many headaches but very high cashflow. You may find success like most people investing on the fringe of the VLA. Such as MIllar addition, Fort George, area surrounding the hospital.

This is a short description and I have many more details of the city, if you have any specific questions feel free to ask.

I am the "working partner" of JV agreements having a contractor crew and multiple flips under my belt.

Prince is on the rise with major house developments happening as well as house prices reaching heights they have not in the past. You can call this a bubble about to burst but I believe if you come to Prince you will see its more of a city growing at a substantial rate. If your coming to play you would have to learn to shoot from the hip on good mls lisings as competition is high