All Forum Posts by: Kevin Mouck

Inspiring story Joel! Thanks for sharing. I  just rented out my first property and am hoping to have 3-4 more units up and running by the end of 2018. Step at a time!

Hey everyone. I currently live in my townhouse purchased 6 years ago in Calgary, Alberta. We are in the process of moving out and have to decide whether to rent it out or to sell it. As many of you may know, the market in Calgary has had a bit of a rough go over the past year and a half but it does seem to be recovering. That being said, for rent I won't be able to cash flow, just (hopefully) be neutral, I am surrounded by a huge number of condo and townhouse complexes, and it isn't the type of property we are looking to use as our niche going forward. Does it make sense to just pull out and start fresh doing suited bungalows (the niche we're going after) or should I just call it an ace in the pocket, leave it alone for a few more  years and hope that 1) it gets rented and 2) that rents increase a little bit? Any thoughts and suggestions are welcome.

Thanks

Hey everyone, happy to get involved in the forums and can't wait to get into the next property. Sooo much information on this site, thank you Brandon and team! 

If anyone else in and around Calgary wants to get together to discuss real estate, or just to have a beer shoot me a message.

See you in the forums!

Hi everyone,

I am new to the site and looking to get into investing here in Calgary. I am looking to get into buy and hold using the BRRRR method and for now am focused on single family or duplex units. I am still a little confused on the refinance portion, am I essentially taking all the money invested thus far into the property back out? Also, finding an attractive property using the 70% rule is difficult, and what do I do when interest rates inevitably rise? Right now we're able to get in at around 2.5%, a small jump can easily erase cash flow no? Not like I can raise rents by $200 just because I need to.

Thanks for any help,

Kevin