All Forum Posts by: Nazart Cadougan

Hi George, I'm new to Manitoba, about 9 months here now since I bought my first house in Binscarth (3.5 hours drive from Winnipeg), I notice that your post was made over a year ago, I'm just curious to know if you made any progress in your search. 

I've studied electrical engineering but never pursued the career. I've also worked with my dad as a renovator for a few years. I've been a painter for close to 12 years now. So I have a lot of hands on experience which lead me to doing a full Reno of my first house. I'm interested in fixing and flipping, but I'm unsure that the rural markets are for things like that. I might have to rehab and hold. 

I'll be in Winnipeg on the 14th of this month, maybe we can meet up and have a drink or something. 

Hi Luc, two of the properties are in Binscarth, another is in Rossburn MB which is about 45 minutes drive away. My family and I moved out here, I am thinking to get something close by as a rental property sometime in the future, but I want to pace myself!

I guess this is my introduction

In February 2020 my pregnant wife, our two daughters, and I were evicted from a basement apartment in Toronto. We all moved into my mother-in-law's two-bedroom apartment where we stayed for four solid months. I somehow happened upon some money that I thought was good enough to be a downpayment in the Toronto market, but when we broaden our search to Canada wide, we quickly realized that we could've bought a house cash, so that's what we did. In June 2020 we purchased a house in a Province we had never been to, in a town we had never heard of before. A great small town in Manitoba named Binscarth. 

Paid $27,200 cash from a foreclosure, and I have not regretted it since.

Since purchasing that house, I've made an offer on an office space which was accepted but I later backed out, I currently have a house under contract to close in April for $4090 (they're basically selling the land and thinks the house needs to be demolished), and a third property that I got for $10 (plus the back taxes $1150) which is a commercial space that I plan to use as a spray booth (I am a painter), a carpentry shop, a gym and well... I just plan to host a number of businesses in the main area, and I am currently finding out from an engineer if I could put a full two-bedroom apartment in the attic (space is there, just need the engineering stamps.)

So yes, I have the bug, and I'm just going after the low hanging fruits for now, but in the future, I want to flip one house (even it's with a partner where I do the rehab on the side for the experience) then when I get my credit where it needs to be I'll like to get into a small multifamily. 

Oh, I got referred to the podcast, where I found out about this community through a client that I was painting for. She just randomly thought that a podcast on real estate was a good add-value to their painter? I have been listening religiously since then!

I guess this is my introduction

In February 2020 my pregnant wife, our two daughters, and I were evicted from a basement apartment in Toronto. We all moved into my mother-in-law's two-bedroom apartment where we stayed for four solid months. I somehow happened upon some money that I thought was good enough to be a downpayment in the Toronto market, but when we broaden our search to Canada wide, we quickly realized that we could've bought a house cash, so that's what we did. In June 2020 we purchased a house in a Province we had never been to, in a town we had never heard of before. A great small town in Manitoba named Binscarth. 

Paid $27,200 cash from a foreclosure, and I have not regretted it since.

Since purchasing that house, I've made an offer on an office space which was accepted but I later backed out, I currently have a house under contract to close in April for $4090 (they're basically selling the land and thinks the house needs to be demolished), and a third property that I got for $10 (plus the back taxes $1150) which is a commercial space that I plan to use as a spray booth (I am a painter), a carpentry shop, a gym and well... I just plan to host a number of businesses in the main area, and I am currently finding out from an engineer if I could put a full two-bedroom apartment in the attic (space is there, just need the engineering stamps.)

So yes, I have the bug, and I'm just going after the low hanging fruits for now, but in the future, I want to flip one house (even it's with a partner where I do the rehab on the side for the experience) then when I get my credit where it needs to be I'll like to get into a small multifamily. 

Oh, I got referred to the podcast, where I found out about this community through a client that I was painting for. She just randomly thought that a podcast on real estate was a good add-value to their painter? I have been listening religiously since then!