All Forum Posts by: Julie Toh

@David Yamamoto Congrats and bravo for pulling the trigger! 

@Matthijs Pol Welcome to BP and the exciting world of real estate. There are a ton of resources on BP where you can pick up tips, advice, etc and one can accumulate so much info that one forgets to pull the trigger. Do you own a principal residence? Living in your own property that has a rental suite can be a good way to get experience as a landlord and property owner. Best wishes. 

@Alarich Alvarez Welcome to BP. Most of my clients are purchasing SFD properties in Edmonton, not Calgary. Market rent seems to be attractive enough to pay for the mortgage payments, ptax, with some left over cash for future maintenance. 

@Espen Bast Sørsdal Welcome to BP and kudos for posting your first post. When I was 21, I purchased my first home in a desirable hood where I wanted to work, play and live. That property was converted to a rental when I purchased additional properties in an up-and-coming neighborhood near in my city. To scale, we looked further afield for MF properties and outsource the property management. Where do you want to invest next?

@Leon Doucette I appreciate that you have a game plan for exit and will communicate the project progress to your investors. That's a value add to investors. You will find that when you have the process down pat, the next project will not be far behind. Both secured and unsecured LOCs are a good source of funds to use for what you hope to achieve. Happy Birthday in advance. 

@Ed D. Hey, Ed, are you looking for info on Vendor Take Back (VTB) financing? 

The VTB mortgage allows the seller of the home to lend money to the buyer for the purchase of their own property. The property has to be owned outright by the seller, meaning there can’t be a mortgage on the home at the time of selling. 

@Nito Kunda Hi, you mentioned in past posts that you joined OREIO. I'm curious, have you connected with any contractors there? Since you're looking for "exact repair cost", an renovation expert / contractor is your best bet. 

@Long Di hey, how would you "juggle searching/rehabbing/managing properties with the intense time-demands medical jobs..."?  You don't. You decide what part of the process you can do well, say, the research part and outsource the renovation and property management. Onboard a business partner(s) to share the work load if you have scalability in mind. 

@Tyron Vrede Welcome to Biggerpockets. There are a ton of resources here for the newbie REI, from podcasts to webinars to this forum. I started my RE journey right out of University - it's been a profitable & exciting journey. What helped me most as a newbie was to do research, read, ask questions...and repeat. IMHO REI is not rocket science but having a team of RE professionals on your team is invaluable. All the best!

@Jason Rego A MIC/private/B lender may be a good option for you. B lenders are equity lenders, LTV is location sensitive and offer a 1 year term renewable. You will need to have an exit strategy.