All Forum Posts by: Jason Dasanjh

It may be $100 per month cashflow positive right now, but be patient, rents will rise. I am in BC and cashflow is difficult to achieve but if you are playing the long game you will come out ahead. My first purchase I was in the same situation as you. Best of luck.

The prices in Alberta are attractive, does anyone know how the rental market is? I am mostly concerned about Vacancys. I did some research through the CHMC site and vacancy rate seems to be high in Edmonton. Does anyone have any insight on this?

Hi Binh

I am sort of in the same situation as you. I live in Surrey and cashflow properties are getting harder to find. That being said you can find condos in the Valley that still cash flow ( I just bought in Chilliwack). If you look you should be able to find cash flow and will hopefully see some appreciation in these markets. I would suggest looking for a 2 bedroom unit which should rent more easily. 

All of my properties are single family home and condos. I too am looking out of province and something with more doors.

if you would like to connect feel free to pm me. Best of luck.

Thanks everyone for the replies and sound advice. I will reach out to some of the resources and people mentioned here.

Hi Everyone. I am new to BP and am looking for some suggestions or guidance. I have 4 properties under my name (1 primary and 3 rental properties). I use a mortgage broker who has been great thus far but now he is telling me my debt to income ration won't allow me to borrow anymore at this time.  

I would like to keep growing my portfolio but do I need to pay down some of these properties and earn more equity first? Has anyone else run into a roadblock from lenders?  I am in Surrey BC.

Thanks! any advise or guidance is so appreciated. Very excited to be part of the BP community.

Hi Saad. From my experience if you are buying as a rental you need a larger downpayment (25%) whereas if you live in it you need 20%,. I have bought properties I intended to live in but decided to rent out instead, in my opinion there is nothing wrong with this, peoples circumstances change all the time. I am also in Canada.