All Forum Posts by: Jonathan Yeh

@Jonathan Yeh no buy a primary with normal or a lot of leverage and then invest the rest. Sticking money in your primary house usually isn’t a good idea unless you’re near retirement

So the goal will be to have enough cash flow to cover your own mortgage, and hopefully have more?

2 Votes

Originally posted by @Caleb Heimsoth:

@Jonathan Yeh probably none of the above. I’d buy a primary residence and then I would invest in a mix of rentals and the stock market

As in pay off your primary res 100%, and diversify the rest of the cash into stock and rental?

0 Votes

Originally posted by @Joe Villeneuve:

None of the above. I would use it over and over again...and never spend it.

When you said you would use it over and over again, what are you referring to?

11 Votes

I've been thinking what people would do (or rather, what's the best thing to do) when they receive a lump sum of money for whatever reason.

Would you...

1. Pay off your primary residence (90-100%), and invest the rest of it in rental properties.

2. Pay down payment (5-20%) to get your primary residence, and invest the rest of it in rental properties.

3. Rent your own place, and invest the rest of it in rental properties.

I'm suggesting rental properties because I'm a buy and hold investor, but do you have any other thoughts in mind? Let's hear it!

11 Votes

Originally posted by @James Gregg:

Hey Guys,

Thanks for the warm welcome! :) @Jonathan Yeh Yup I'm looking for buy and hold, potential BRRRs etc. Trying to build up my portfolio.

-James

Ugh I'm having a hard time deciding between pre-constructions or houses that are built in between 2000-2019. Where are you looking?

0 Votes

hey @James Gregg! I'm looking to start in Calgary too. Exciting stuff! I'd think it's the best time to buy in Calgary since the market has been down for a while now. Started to pick up though, last time I checked. Are you looking for buy and hold as well?

1 Vote

Originally posted by @Theresa Harris:

@Jonathan Yeh Once you find out the costs to have the basement suite licenced, it will give you a better idea. Biggest things are separation and having smoke alarms connected between the units. As for the garage, have it included with the main floor unit and tell them the single bay (guessing there is a single door and a double door) can't be used for a vehicle as the area outside the single bay is for the basement tenant to park. The main floor unit would still have the 2 bays in the garage plus the driveway in front of those bays which is more than enough parking space. They can use the single bay inside for storage or a work area.

Have you thought about looking at duplexes if you want two units?

Your idea is brilliant! Thanks for sharing that, it'll definitely minimize the parking dispute.

In Calgary, unfortunately they sell duplexes as individual housing units. So I'll be paying for the price of 2 SFH for a duplex. They usually split them into upper floors and basement to make a SFH into a duplex.

Although pricing on the duplex is lower than a detached SFH, but to buy both together it'll cost about 1.5 - 1.75 times more than a detached SFH.

1 Vote

All Forum Posts by: Jonathan Yeh

Jonathan Yeh has started 11 posts and replied 90 times.

Post: What would YOU do if you have a large sum of money?

Post: What would YOU do if you have a large sum of money?

Post: What would YOU do if you have a large sum of money?

Post: What would YOU do if you have a large sum of money?

Post: What would YOU do if you have a large sum of money?

Post: What would YOU do if you have a large sum of money?

Post: What would YOU do if you have a large sum of money?

Post: New Guy, from Calgary Canada:D

Post: New Guy, from Calgary Canada:D

Post: Rental Property in Calgary?