All Forum Posts by: Chad Friesen

I can see the benefits that way but what the number of properties able to buy.  If I am able to buy 1 property a year by myself I would want at bare minimum to be able to buy 2 with a partner.  My goal right now is to acquire more properties while the prices are low in my area. 

Hey Randy

Thanks for the reply.  My short term goals would just to buy a few more rental properties.  Mid to long term my goal is to match my current income from my job as a mechanic with positive cash flow from rental properties. 

Partnerships seem great if it means being able to speed up the process to get into more properties but it also divides the cash flow 2 or 3 ways.  I am trying to run numbers as to which way is better.  Even in partnerships we would still need to be saving up for 20% down payments out of pocket.  I read a lot about all these other ways to finance properties but don't always know what applies in Canada.  

Sorry if my questions are a little blurry as well I am hoping discussing on here will clear up my goals and help me set a plan. 

Hi we live in Grande Prairie and we are looking for our next rental property. We are looking at possibilities for partnerships or going on our own for the next one.  

What is the best way in Canada to buy multiple properties.  Would it be better for me to go in with partners or by myself.  I am looking more into the future with what way to buy more properties without being backed into a corner with financing. 

Also anyone that has experience buying in Canada or more specifically Alberta I would love to get in contact with and pick your brain. 

Hey Guys

I am new to this site so hopefully im putting this in the right place.

I am a relatively new investor and a little stuck.  My wife and I have an up down duplex that we rent out and cash flows a couple hundred a month.  We also have our primary residence that we rent the basement suite.  We live in Grande Prairie AB which is very reliant on oil and the market has taken a big nose dive in the last year. 

I am thinking it is time to buy our next investment property while the prices are low.  We have 20000 to put down and a couple possibilities to get a couple other people to get a bigger down payment.  

Does anyone have some experience in Canada or even Alberta more specifically on steps to take next.  My goal is to have enough properties to make enough cash flow to match my current job wages.  

Obviously I am going to have to buy quite a few properties to get to this goal so I need some guidance on how to best spend my money.  

Is it generally faster to go in with partners to by more properties or try on your own.  If you use partners should you use the bigger down payment that more people can provide to buy one better house or try and spread your money out and buy multiple properties. To me if I am going int with partners I don't see the benefit of only buying one house together.   

I know this might be an impossible question to truly answer as most of it depends on a lot of different situations but I am hoping by asking and going back and forth we can smooth my thinking out and get a little clearer picture of what I need to do. 

Hi 

I am a heavy duty mechanic living in Grande Prairie Alberta.   I got into rental real estate kind of by mistake and have bought an up down duplex, and a house that we live in and rent out the basement suite. 

I am hoping to meet some experienced people and find some advice to help me take it to the next level and add some more rental properties to my portfolio.