All Forum Posts by: Account Closed

I have been thinking through some ideas to pragmatically establish equity while also moving to Canada. I'd greatly appreciate some wisdom or feedback on a strategy. 

My goal is to work remotely, live on a property with a forest and yard for my dogs. That is quiet, safe, a bit outside of town, so I can be close to nature and trails.

+ I own a townhome in north Seattle that over the past 2+ years has grown from $440k to +/- $620k. I would like to hang onto this property, rent it out through furnished finder for 6-9 months and move to Kelowna. I could possibly make 600-1000 a month off renting it.

+ I am in the process of seeking a provincial nomination to become a canadian citizen as my specific career field is highly desired. And I am prepping to find an effective method of living in Canada.

+ Rentals seem hard to come by in Kelowna and I have 2 dogs. 

+ So, I am looking into either purchasing an already built property or purchasing land and placing a minimalist dwelling.

+ Today I've been leaning toward purchasing vacant forested land within the Kelowna valley, placing a permanent prefab dwelling on it, and living there.  I am uncertain of the financing process for this, but I make a fair amount of money and Kelowna is far more affordable for me than Seattle. 

+ I could also rent this canadian property out down the line. 

+ I have an architecture background, I love projects and creating new things; so this sounds super fun to me to create a new home and design the land etc.

So when you hear this plan / early ideas - what do you think? What comes up for you in terms of what would / wouldn't work?

Thank you!!
Sophia

@Mindy Jensen I just don’t like the amount of pollution in certain areas of west seattle adjacent to duwamish. I used to work on harbor island and it can be pretty bad on a daily basis. Imho I think those kinds of things are going to have greater impact as pollution, wildfires, and environmental challenges grow.

That might just be my own preference more than market knowledge though. happy to hear other people’s thoughts on that.

Seeking advice and logistical feedback:

I would greatly appreciate advice as I am seeking feedback on a community vision I have to also create more stability for myself.

I currently live in a loft apartment that is $1600 a month near Greenlake. It has no connection to nature and lots of break ins. Its been kicking my *** without AC. Id like to have a better quality of life with a yard so I can get a dog in long- term.

My idea is to buy a house and to either build or create a backyard adu (like studio shed). Id live in the adu. I’d like to rent the house out to some of my friends and cultivate a high-end conscious community.

I have a masters of architecture so I’d facilitate the integration of landscape and architecture in strategic phasing with a firm. Would love more of an Oprah garden vibe. I love community but I am an artist outside of my tech job and I meditate 1-3 hours a day and need to be able to close the door on the world. So that’s why this plan appealed to me.

I have $100k cash for a down payment and solid career. I have access to a loan at 1% interest. My main need is for quiet and less pollution and crime. I’m thinking the Matthews Beach or view ridge area.

So my question is - any feedback to share? What advice would you give me? Is this logical and what do I need to be careful about?

Thank you!