All Forum Posts by: Cameron Robinson

@Chinyere O. welcome to real estate investing and Bigger Pockets! 

Like @Chris Baxter said you'll gain more from being on a forum like this while having more organic interactions and better growth than attending a $13,000 conference.  I think those high-priced 'conferences' are not worth the money. Read through the 1000s of posts here and read some books to learn the skills in how to analyze markets and deals that suit your price range and risk tolerance. If you are not a big fan of reading books then the Bigger Pockets Podcast is also really useful and has a massive back catalog to go through. 

The Landlord's Cash Flow Analyzer is a tool that I see mentioned here a lot, mostly by Chris. I think that's a worthwhile investment in comparison to the $100,000s you might spend on a property. Alternatively, you can use some of the free analyzers to quickly see if a purchase makes sense to you.

The best time was yesterday haha. The second best is today. The sooner the better basically. If you are trying to time the market then that's next to impossible to do. I have friends who have been waiting to get the right deal for years and they have lost out on untold wealth. I couldn't say if we are at the top of the cycle but deals are still out there to be had. Finding them has become a lot harder now though. 

I live in BC and I don't invest in Ontario but along with BC it has some of the strictest rules for landlords and makes it tough to be landlord when the province favours the tenants. Also the inability to raise rents to market prices isn't nice.

Before you try and build your team / Core Four ( David Green's saying) you should have some thoughts on what you want to invest in / where you want to invest / what kind of landlord you want to be ( hands-on or have a PM)/ risk tolerances and price point. 

And most importantly why are you investing?? Retirement planning? Trying to gain more time in life to do things that are important to you? This info can help other like-minded people help you down this new path.

For me, the reason why I am doing this is because I want to have time to do the things that I enjoy with the people I call friends and family. 

Hope this helps and if you have any questions DM me.

@Kris Mcfarlane yea I just have to keep hunting for the next one. This particular offer was 5k less than the counteroffer of the first interested party. No way to know that it was so close, other factors could have been the possession date, etc. 

Whatever the reason for the seller choosing the other offer it doesn't matter now.

Onwards to more offers!

@Chris Baxter this is a great idea! Great to have other people here to motivate you to stay on track with goals that can be lost with everything that's going on.

Currently, just own my principal residence that I got a year ago and I am house hacking by living in the suite and have tenanted the main house. This has reduced my overall living expenses by 75%. I am in the process of refinancing and pulling out my initial investment to buy elsewhere. Looking at STR in Whistler but the market is a little wild so looking to go into the multi-family space.

Would like to join the monthly accountability/ motivation calls, Chris.

December 31,2022 : Currently own my first multi-family property.

 Haha I see. Yea yesterday was always better than today or tomorrow for purchases. I recently just missed out on a deal and I found I was $5k shy. A little annoying.

What are your goals for your first purchase?  Do you want to be an active investor/ passive investor? Some info about your goals helps other more knowledgeable investors here give better feedback to you.

You might want to add some info on what goals you are trying to achieve by investing $200K.

Hi Dean,

Have you been in the Whistler market long? I'm thinking about purchasing there in the next 6 months with a STR. Are you booked up mostly through Air BNB?

 @Kris Mcfarlane What about last month's was more ideal to purchase new properties? I'm also looking into another property purchase this year and undecided on which place to choose. 

That's good to hear, what processes do you do to vet them?

 I agree with you here Chris with the potential south of the border. It makes a lot more sense to me.