All Forum Posts by: Conor Kelly

I'm also interested in attending any meetups. Feel free to shoot me a message.

@Michael Voulgaris That’s awesome Michael. Really appreciate you sharing. I’m going to start looking into the north coast. You’ve inspired me!

@Michael Voulgaris Hmm, that’s awesome Michael. My opinion is always subject to change based on new information. That’s why I participate in these forums in the first place, to learn. Im curious what other cities are you looking at on the north coast? I’m definitely not opposed to doing more research on this myself. I will say that the 4plex in Kitimat sounds a little bit more active than your typical rental property and I like to be a bit more passive but I’m definitely interested in finding out more about this.

@Michael Voulgaris Wow Michael, that’s actually amazing cashflow. You got a ridiculous interest rate as well. I’m curious why you chose Kitimat? I was looking into kitimat earlier this year but the vacancy rates were absolutely ridiculous. Is this a concern for you?

@Wendell Fong Rent increases and refinance’s. It’s a longer time horizon for-sure Wendell.

@Conor Kelly do not want to buy something outside of their own market** sorry.

@Jason Ridout Totally see where you’re coming from Jason. However, I could argue that it is scalable, it just depends on your time horizon. If you plan on buying 6 properties right now, then no, it’s not scalable. If you plan on buying 6 properties over the next 5-10 years then yeah, it’s scalable. I personally know several investors that own over 10 doors here in the lower mainland/Fraser valley. I could also argue that investing for the long term is not speculating as there are several macro economic factors that will cause real estate to go up over the long term (especially in Vancouver). But for the sake of the length of this message (LOL)… I totally understand and agree with your point of view. I’m just suggesting that there are many ways to go about real estate investing and you shouldn’t completely remove where you live from the equation just because of cashflow. I know many of my friends and family want to buy investment property but do not want to buy something in their own market. There are ways to make it work. I would never tell someone who’s barely paying their monthly bills to buy a property cashflow negative or break even.

@Jim Houston Hey Jim,

There’s lots of demand for these types of rentals. You’re looking at anywhere from $2300-3000/month depending on the age/size/layout/location etc

Etc.

@Kris Mcfarlane Hi Kris. I’m currently living in Abbotsford. Just curious what kind of doors you have in Abbotsford, what the cashflows look like. I would love to hear about all of it really… if you don’t mind of course!

@Brendan Conners Yeah totally. There are some cashflow properties in chilliwack however I think it might be hard to find one for $300-500 a month (I could be wrong though). Most I’ve seen is about $150. Btw, Calgary is another decent market right now. Good value for what you’re buying.