All Forum Posts by: Dylan Topolnisky

I would be interested as well. Same here, not a big investor, just 2 properties but looking to grow

@Mike Armstrong hey there Mike, what I’m about to say is my personal opinion. There are some good mls deals in airdrie and good rents. I have 2 condos there. Just be careful about condo docs as most do not allow short term rentals. If you are content with Airbnb I would probably suggest downtown Calgary.

Investors would like feedback on my situation. I bought a condo a year ago. 30-year, 2.84%. 5 year fixed. , currently have it rented. I’m looking to buy a househack. (want to keep the condo) I live with my parents and would like to get out without paying rent. I’ve been saving up for the down payment (20%~80k). Lease is up in January for my rental. Was thinking of doing about (but probably less than) 5k worth of renos, (new flooring throughout, paint, brighten up the kitchen and bathroom by painting the dark cabinets white with black hardware.) then want to refi since rates are around 1.9% and prices have stayed relatively same if not maybe higher? now and hopefully pull out some cash towards my househack down payment. What are your thoughts and is there things I need to consider before committing to this?

@Bonnie Rhodes bought my first rental at 19. I’m 20 right now. Had a 1 year lease and went over very smooth. Just resigned them for another year. (Working as an electrician in Canada so no student debt but decent oil salary)

Investors,

there are no right or wrong answers to this question, everyone please feel free to answer. In your opinion, what do you think will happen to your local, or national real estate market in the next year or two and why? Cheers :)

My mentor told me to give the tenants equipment such as a fire extinguisher, first aid kit, toilet plunger , etc. I wonder if anyone out there does this sort of thing ? Also would you just provide it free of charge just as a safety measure to reduce the risk of property damage in case anything were to happen or would you charge them a fee for the items provided , and let them keep the items if they decide to move out ?

Looking to build connections in the Calgary area. Would be interested in talks over some coffee about local markets, areas to invest, types of properties and much more! Message me if you’re a veteran to the game or just starting out ! Would love to chat. :)