All Forum Posts by: Elisheba Kihara

Thanks @ Marcelo Ricarte. You gotta start from somewhere :)

I am a complete newbie to real estate but I am very motivated to learn. With the sizzling housing market in Vancouver, I have recently realized that I will never afford a home of my own unless I take drastic steps.  I currently rent in an area (Edmonds, Burnaby) that is a wonderful 10 min commute from my work but given that new 1/2 duplexes here are about $1.2 M, it's not exactly affordable. Older homes are not much better because of the value of the lot. So I have accepted the reality of looking further and commuting.

I need to make at least one deal - for my primary residence and then I can take it from there. This is why I started to research and stumbled upon this incredibly valuable forum that is BP. 

I am eager to connect with local knowledgeable REI who may have advice on how to start out, where best to invest and how to make those numbers work. I know house hacking is a good strategy but I don't know how the numbers work because in my area, a fourplex (rarely found) recently listed for $1.5M can only generate $6,000 and yet, it was snapped up in one weekend.

Perhaps, I can connect with a joint venture partner who has acquired a lot and wants to co-build a duplex? I have saved a decent downpayment and have a good enough credit rating to qualify for financing.

I am open to any and all ideas so please send them my way. I would be particularly interested in local REI meet ups.

I am really inspired by what I have seen so far.  I don't expect to flip houses any time soon but I am confident that the BP community is exactly where I will figure out how to realize my dream!

@Hai Loc I am in Vancouver and would like to connect with local REI networks. I would appreciate any contacts.

@Jamie Montpellier This sounds like a decent find in a generally expensive market, not conducive to investment. Were you able to finalize the deal? I am just starting to explore real estate in Burnaby and had concluded that viable deals are only availablke in US. I  would be interested in connecting with you for contacts and ideas if you would be so kind.