All Forum Posts by: Devon Bergsma

Hey Roy N. ;)

Your just a skip away! I'm in fredericton all the time - Fridays usually.

So, as of right now, the bank counter offered and we accepted. Im finding a local lawyer & contacting the bank to handle everything ASAP this coming week. 

The cool thing is - my mortgage is due on my existing house so i THINK (not 100%) that might give me some pull. 

I currently owe 152,000$ on my existing home (as state prior = 250,000$ appraisal in 2014 - not accounting for all renos since)

Is it too late to communicate through my RE agent with TD bank (who's selling) to present the above information? See if they'd talk..

OK Bigger Pockets

Time to reach out to the BP universe for the first time. Just closing on my first investment house. 

Im not a good writer - please be patient with me and know I'm insanely intimidated and nervous writing this post. We, after binge-listnening to all BP content, created an idea of the deal we were looking for and one year later found it, bought it and about the rehab it. I've always read about the 'freeking out' and nervousness about 'your first deal' - YAY! its true.. I'm sooo anxious.

(As a side note - this house went on the market and within 24 hours the bank had 'several offers'. I took some advice from BP podcast and wrote a letter to the bank with our offer introducing ourselves with a cute family photo and telling our brief journey. Our agent called us and said the peoples at the bank loved our letter and wanted to pick us but they needed to go with someone else..unless we changed a few things..we did and we got it. That all wouldn't have happened without the letter.. sooooo thanks BP)

Heres my story - I was a paramedic for 15 years - very successful career - but cannot do shift work anymore and the stress is getting to me. Beautiful wife & 3 little kids.. Im very capable of doing lion share of renovations myself (not working at present). 

We've spent the past year 'force appreciating' our existing 3 bedroom/2bathroom house by completely finishing the unfinished basement. We have added a Large family room, bedroom, bathroom, storage room, laundry room, and sitting room/study (we homeschool sooo this was needed). When we originally built our house it was appraised at 250,000$ and now that the rents here are done its set to appraise at 310,000 (? guessing)

We just bought a house in town - I have 2 weeks to work out the financing (worst case i just use some pension money i have) ANY ADVICE HERE? I'm hoping to pull the equity out of our current home..

THE HOUSE
38,500$ AS IS/WHERE IS , 3 bedroom, 1 bathroom upstairs .. and a moldy basement (hence the AS IS clause from the bank who REPO'd the property). The basements NEEDS GUTTED and the upstairs is dated. In doing my research our town valued the house (for taxes) at 120,000$.. 

SO - I'm sitting at my kitchen table, typing away on my aged MacBook .. wanting desperately to be successful real estate and be financially independent.

THATS IT BP - Thats where I'm at.

Go easy on me. 

Im Canadian (maritimes) so a special 'shout out' to canadians for advice - even though the principles are universal.
 

Courthouse Foreclosures

Does Anyone here have any experience in buying houses at a foreclosure auction at the courthouse steps? Here in NB, before a foreclosure gets on the RE listing (MLS) it is sold on the courthouse steps. ANYONE HERE HAVE ADVICE or EXPERIENCES (good or bad)..?

@Brendan C.

Hey Brendan!

Thanks for the reply - I am in Woodstock NB, just north of you. That seems like a good opportunity of Fredericton, with its colleges and universities.

We have a community college here in town and there are several investors who have buildings. I look forward to the time I can raise some capital for an apartment building :)

Are you investing in houses? Renting rooms?

Hi Everyone!

Im a newer member to Bigger Pockets and would like to connect with some of you who are in Atlantic Canada - Specifically New Brunswick, Nova-Scotia and Prince Edward Island. 

Where are you located? Whats happening near you in R/E and for opportunities? 

The climate in the maritimes differs so much depending on where you invest.. 

@Kenneth Broniszewski

Hey Kenneth

My nam is Devon Bergsma. I work and live in Woodstock New Brunswick. I know it has been sometime since you posted your introduction but I still wanted to reach out to you to see how you are making out?

I ask because we are just thinking of the BRRRR Strategy and wanted to know if you / or anyone / has had luck in our area..

Thoughts?

Best wishes