All Forum Posts by: Curtis H.
Curtis H. has started 4 posts and replied 22 times.
Post: Looking to Connect with Locals and Investors in Regina (Canada)

- Investor
- Vancouver, British Columbia
- Posts 22
- Votes 3
@Account Closed Thats all good info. Thanks for sharing. Sounds like you have a good structure in place.
Post: Looking to Connect with Locals and Investors in Regina (Canada)

- Investor
- Vancouver, British Columbia
- Posts 22
- Votes 3
I either use all cash or have been able to purchase 100% ltv via local credit unions.
I'm not "out" anymore than you and probably less as I'm only paying a couple months of interest. Like I said, I only have to go to them once and not come back in four months, pay penalty etc etc. In your scenario, you are paying interest (+principal?) monthly, plus you have to pay the penalty. Another reason is if a really good deal showed up on my doorstep today (that either came to me organically, or I've uncovered), either off market or on market, I can close extremely fast if I need to to get the purchase. This can be extremely enticing for some owners who need/want to offload immediately and if they have a buyer on the table with a cheque (and maybe not conditions) verses another offer where there are financing conditions etc and the time it takes to satisfy those conditions and the risk that it may not go through, I have a significant advantage.
I recently was presented an off market opportunity as the person heard we had some rentals. They said we just want the house gone now. I probable paid 40K less than market value but I was able to just hand over a cheque. They were happy they had quick easy sale. I was happy I got a great deal.
Yes, I forsure get your point of "missing out" on other good deals during this time period. This is very valid but for me, at least at this time. I can only do/handle one opportunity at a time.
Post: transferring property to family question.

- Investor
- Vancouver, British Columbia
- Posts 22
- Votes 3
Section 85 has nothing to do with this. It's for corporate assets. What tax are you talking about? If it's parents principal residence, there are no capital gains tax. There may be probate payable on death. Be extremely cautious about using strategies to avoid probate by going joint on assets. This can/may lead to a multitude of other problems and issues which would have been avoided if just had paid the small % probate.
Post: Looking to Connect with Locals and Investors in Regina (Canada)

- Investor
- Vancouver, British Columbia
- Posts 22
- Votes 3
The advantage of buying cash is not having to go through or to the bank twice to get financing - first on purchase, second on refi which they may or may not want delay/seasoning time. If I buy a property with cash/heloc and fund all my own renos, I only have to go to the bank once and it makes obtaining the refi significantly easier. My experience
Post: Looking to Connect with Locals and Investors in Regina (Canada)

- Investor
- Vancouver, British Columbia
- Posts 22
- Votes 3
Ah I understand. Thanks for the info.
Post: Looking to Connect with Locals and Investors in Regina (Canada)

- Investor
- Vancouver, British Columbia
- Posts 22
- Votes 3
Thanks @Account Closed
I may be taking this too literal but say purchase for $310 + $20 = $330 all into the property. Appraise at $380K @ 80% = $304K. So even these numbers, still into the property for $330-304=$26K
Post: Looking to Connect with Locals and Investors in Regina (Canada)

- Investor
- Vancouver, British Columbia
- Posts 22
- Votes 3
@Brandon P. @Account Closed What do you guys think about the brrrr potential in either Saskatoon or Regina? Will the ARV's be pushed high enough after reno's? And will rents go up enough? Hard to tell demand from what I've seen
Post: Investing in Prince George

- Investor
- Vancouver, British Columbia
- Posts 22
- Votes 3
@Evan McLeish I sent you a msg
Post: I would like to connect with some investors in Alberta/Sask

- Investor
- Vancouver, British Columbia
- Posts 22
- Votes 3
Post: Thoughts on investing on Vancouver Island?

- Investor
- Vancouver, British Columbia
- Posts 22
- Votes 3
Hi @Jason Ridout, I'm looking at Port Alberni as well right now. What did you mean that it "pays a 75% mortgage..."?
Also curious what part(s) of town you'd stay away from. Seems like (as with any market), there are a few bad places.