All Forum Posts by: Muhammad Tariq

Hi Theresa,

Thanks for your advice.

I am based in Grande Prairie and the market here does get affected with oil prices.

I am new to real estate investing. Is it a good idea to look into long distance opportunities like Lethbridge or should I gain experience in town first?

I am new to real estate and own one property in Grande Prairie, AB. I am currently focused on buy and hold strategy.

Due to COVID-19 and oil prices, Alberta economy has suffered badly. I am not very knowledgeable about cycles of Alberta economy but is this normal? 

Should I take it as an investment opportunity as prices will recover in next few years as it always did? Or should I stay away from the market as there will be an era of high vacancy rates where buy and hold won't be viable?

Thanks in advance!

I am an investor in Grande Prairie, Alberta. Are Canadians allowed to borrow downpayment for investment property? I know you can use HELOC but I don't have enough equity in my home currently to borrow against it. Is it possible to use any other strategy?

Thanks everybody for their reply.

@Randy, What accountants do you recommend in GP area?

How beneficial is it to go the depreciation route? I can appreciate that it will lower my taxes but increase complexity in filing taxes. Is it worth it?

Hi,

I recently started my real estate investing journey. I am currently house hacking a duplex in Grande Prairie, Alberta which I bought this past July. 

Should I hire an accountant to do my taxes for this year or should I try to do them myself? I do my personal taxes myself but wasn't sure if I should try doing them for rental property?

Thanks in advance.