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All Forum Posts by: Darcy Niedermaier

Darcy Niedermaier has started 1 posts and replied 2 times.

Post: New and thinking Muli family is the way to go

Darcy NiedermaierPosted
  • New to Real Estate
  • Cold Lake Alberta, Canada
  • Posts 2
  • Votes 2

@Zorya Belanger

Thanks for the great information

Post: New and thinking Muli family is the way to go

Darcy NiedermaierPosted
  • New to Real Estate
  • Cold Lake Alberta, Canada
  • Posts 2
  • Votes 2
Good Morning Bigger pockets followers. I am a newbie (sort of). I previously owned a duplex, but had a bad experience with one tenant that my wife persisted we get out of the land lording business so we sold. I just closed on a condo 3 hours from where I live and have an instant renter (my son) who is starting out just after finishing university. Negative cashflow there to help him (60$) per month. I have been researching and doing lots of education on real-estate investing. I'm in Alberta Canada, but just wanting some opinions on multi- family investing. My take on them is that, I would be able to get 4 doors, with all expenses in one spot (Gas, power, taxes etc..) I'm not scared of land lording and the reason I failed the first time is improper screening. I am about 10 years away from retirement with my company and want to get back into real estate. Am I making the right decision on my thought process and jumping into Multi family. There are 4-5 fourplexes available in our city as reasonable prices and just doing my homework on seeing what the market rents will be and other due diligence on whether or not they will be viable options for me. Thoughts?