All Forum Posts by: Jeremy Heaman

Hello, I am looking at taking on multiple flips in the near future, and am curious how this may differ from doing 1 at a time. I am currently investing in Edmonton Alberta. 

Can you utilize more economies of scale? Are there organizational challenges to be aware of? I would love to hear your experiences, and some of the challenges faced.

Hello, depending on what strategy you want to pursue, would depend on the professionals you want to get into contact with. For residential realtors, I'm very impresses with Joel Link from Calvin Realty. For Lawyers, Richard Bell from BARR LLP and Barry Mcguire are names often brought up, although I am still working on my first deal with Richard.

There is actually a very large network of investors in Edmonton. If you have instagram, you can find me there as well. I love to chat and go for coffee.

 There is actually a biggerpockets Canadian site, although I don't know how the link to it works

 Thank you Aaron. I've been looking for a link for some time now!

@Tyler I live in Alberta, but I look at market fundamentals first. I see the Calgary and Edmonton markets as quite stable, with modest rent increases on the horizon. I can't speak for Saskatchewan though.

I believe Steve is right. Stretching yourself too thin is a good way to get into trouble. It may be best to wholesale the deal, and build your war chest for the next one.

 There are a number of people who wholesale in Edmonton.  Zaciah Macdonald, Connor Felske and El-Ray Noble are a few that I've had interactions with and Jared Comeau from Calgary has been know to have some interactions in Edmonton as well.

If you would like to know more about the Edmonton network specifically, the Real Estate Investing Morning Show is a great place to network in the morning.

 There is an investor meet up the first Saturday of every month in Calgary. A gentleman by the name of Santhosh Nathan I believe organizes it. You can find him on Facebook or Instagram.

 Each market has its own submarket, even for rentals. If you're doing single family buy and holds, have you looked at satellites like Beaumont, Leduc and Fort Saskatchewan? Each of these has distinct rental markets and by-laws. Last year, Beaumont changed their zoning for rentals significantly, and Edmonton is likely to do similar once consultations are complete. 

If you do look at Red Deer, will your property have access to the purposed hyperloop? Would you have the property when this massive infrastructure project is complete? Transportation is a key consideration for renters, and it is good to know your investment time scope if a big project is likely to influence property values.