All Forum Posts by: Harrison Montgomery

@Ajay Sandhu

Hello Ajay! Welcome to Bigger Pockets. Like Kevin said there are meetups but they seem to be exclusively online only. What kind of investing are you interested in?

@Taylor L. Okay great, thank you for your help!

@Taylor L. Hey there, thanks for the response! When you attend these webinars how do you network, do they often have time for people to swap information?

Hello Vee, I am also from Calgary AB. What kind of real estate investing are you interested in getting into? 

I want to meet more investors here in Calgary, but with Covid shutting everything down it feels very hard to meet other people. Everyone I have met on BP has been very kind and given me a great experience with meeting other investors, but most often our goals don't align so we cannot help each-other as much as I would like. If anyone knows of a different way to meet investors in the area I would love to hear about it! 

Hello Connor, 

I know we have already connected but I would recommend Greg Wiseman, he is a very good realtor with lots of connections. He is familiar with BP and invests himself. As far as residential property managers I would recommend a gentleman named Allan, I rented from him at one point and he was the most professional property manager I had ever met and very on top of repairs. He doesn't advertise and only goes off mouth to mouth referrals, I would post his info here but I don't know if he is picking up new clients so message me if you are interested.

@Jessica Friesen

Hey there Jessica, first of all good for you owning 2 properties and going into a refinance, I hope it worked out well! I was wondering what made you decide to hold the property for 3 years before refinancing? 

@Shrey A.

Check out Kirkland Lake. I will regurgitate for you what I have heard: there is a major player in that market offloading their inventory so deals right now may be especially easy to find. The area is a mining community outside of Ontario (so there is risk there because without the mine there is no industry), however there should be 16 more years of mining. The area has seen above inflation rates of appreciation for the last three years, and there is significantly more demand for housing than there is supply, leading some companies to create their own housing for their employees. I have never invested here or even looked at it. The only reason I know about the area is from hearing another investor talk about it-they have had properties there for 2 years. This is one example of a 1-2% area, I am sure there are others, keep an eye out for satellite areas if this is the cashflow you target. 

Hello Shrey, 

I think it would be helpful to know what information you are after, and what kind of investing you want to do. It seems like you are looking for buy and holds, but do you want to do those locally or are you open to doing long distance rentals? I know there are places in Canada where you can buy properties sub 100k and they will cashflow, but I have never seen those in major cities. I am in Calgary and looking to invest locally. I am targeting properties with two or more units and ideally a garage when I look for rentals, and there are many of these within the city that will cashflow. As far as 20% down, I am not sure but I believe this is more or less consistent with the US because I don't believe banks will normally lend on rental properties for less than 20% down unless they are owner occupied. If you are open to house hacking you can get into a rental for 5% down even here. I hope this is helpful, as a note I am by no means an expert I am also relatively new, but please let me know a bit more about your investing criteria and hopefully I can help you out!