All Forum Posts by: Andrew Smith

Robert Leonard I have no problem with the landlords selling their property. They just said to me that I can continue to live there after they sell the house. I am trying to figure out how to go about legally getting them to live up to their word, if possible.

I am currently saving for my first investment property. While I wait I am moving into a basement suite at the beginning of February. I'll add that I live in British Columbia. The landlord isn't asking for any paperwork for me to sign to do with the pricing and other terms. I feel as though it is not in my best interests to have no documentation. The big issue I foresee is they told me they are planning on selling the house in the summertime. They say that I can continue to rent once they sell. However if the buyer doesn't want me to live there or since I am paying under market value for rent they may want to boost the price or give me the boot. So my main question is can I get them to sign anything that will secure me living there even barring a sale? Or any other suggestions would be greatly appreciated. Thanks!!

I am new to REI and I am excited to get started. I am from Vancouver island in Canada. For a first time home buyer in BC the government will eliminate/reduce the amount of property transfer tax. There are regulations that go along with this. The two main regulations are that you have to move into the property within 92 days of the date the property was registered as well as the property has to be your principle residence for the remainder of the first year. Therefore I am looking for either a rental property or house that I could flip. Using this first time home buyers program I would have to either buy a house that I could live in and rent the suite or buy a house to flip and renovate while living in the house for the first year. With doing either of these options I don't see much of a way to generate positive cash flow. I am debating whether to "waste" my first time home buyer option and buy more of an investment home that I don't have any restrictions on, or try one of the above strategies. If anyone has been in this situation or has experience with this kind of thing I would greatly appreciate some advice! Thanks!

Hi George Holmes I am 28 years old and from Nanaimo. I am new to this website and I am trying to learn as much as possible right now. I am wondering if this meeting group would be available to a guy like me as well!

Thanks for the advice and quick response. @Michael Ablan no to all of the above questions. I am very new to this so that's why I figure it would be hard to find a private investor without any proof of previous success. Is a line of credit an option? Thanks again for the tips!

Hi, I currently live on vancouver island, BC and I am looking to get into REI. I don't have much money saved up but I have listened to many podcasts and read blogs that say you can buy a home without much money. I do not have any investors so I am assuming the bank is my only option. I am looking to either flip a house or rent. If anyone can give me any advice it would be much appreciated!

Hi, I currently live on vancouver island, BC and I am looking to get into REI. I don't have much money saved up but I have listened to many podcasts and read blogs that say you can buy a home without much money. I do not have any investors so I am assuming the bank is my only option. I am looking to either flip a house or rent. If anyone can give me any advice it would be much appreciated!

Hi, I currently live on vancouver island, BC and I am looking to get into REI. I don't have much money saved up but I have listened to many podcasts and read blogs that say you can buy a home without much money. I do not have any investors so I am assuming the bank is my only option. I am looking to either flip a house or rent. If anyone can give me any advice it would be much appreciated!

I am from nanaimo BC. Also very interested in getting into REI. The question I have is how difficult is it to buy a house in the US while living in Canada. I am assuming there are some hoops you have to jump through. As a potential first time home buyer is it a better idea to buy locally (vancouver island) or does that not matter? I am fresh into REI but I can't stop thinking about it and I find myself reading these blogs for hours, so it's something I really want to get into!

Hi, I am 27 years old and find myself very interested in real estate. I am a complete beginner but I have the work ethic to gain experience. I am very interested in flipping houses since I am very handy and have a few trades under my belt. I am also interested in rental properties. Like I said I am a beginner so if anyone has some suggestions or just wants to chat about property on vancouver island, or Canada in general I am open to hear you and eager to learn more. Thanks, Andrew.