All Forum Posts by: Paul Chehade

my current card lender I have been using (Scotiabank Amex) was providing 4x reward points on furnace oil charges no longer do.

Does anyone in Canada have recommendations on which card suits you best for charging real estate expenses?

Halifax peninsula and mainland are usually in higher demand mainly because it is an area of highest rents with lower Vacancies. 

All depends on your game plan. Long term or short term. Willing to travel. Be doing work yourself or hiring contractors. 

The market Is hot, if the numbers are good and you see potential don't hesitate! 

@Yuan He no problem. Good you have a broker helping you! Enjoy the experience! Learning process never ends lol

Hi Juan

Great to see more people joining BP around me. Unfortunately that's the case with the market right now, was this the 3 unit on Barrington? 

Contact charlieatie.com a local realtor and has been a great help.

Good luck on your journey and welcome to Halifax!

Thankfully it was only a few broken branches on my end. Well one tenant had his car stuck for a couple days but  importantly no harm to anyone. Luckily it was not as bad as it could have been. 

Hi Jasmine.

I am located in Halifax NS. I currently have a few multiunit properties that are on the peninsula. 

I would say Halifax is still a great market to invest compared to the rest of Canada.However, real estate market is hot which does not exactly help buyers but there are still some deals out there depending what you are looking for.

As you mentioned a 500k investment you need to consider a downpayment of 20-25%. We have a small 6 unit (6x 1 bedroom) property which we purchased over 10 years ago at 85k/door @cap rate of 5%

And closer to downtown we have another larger 6 unit (3x1 BDRM + 3x2 bdrom) we purchased for 190k/door.  @cap rate of 5.25%.  Mind you this is in a hotter area as it sits on a university campus.

Keeping in mind properties will eventually require renovations (to put aside for capital improvements)

Out of peninsula property costs will decrease but availability of multiunit is less (again depending on what you are looking for). 

Single home 300k -500k 

Duplex or triplex (400-600)

multiplex 4+ units (starting at 600k)

Or in higher end (for reference) a 35 unit going for 6 million (which still needed many upgrades)

In any case check out www.viewpoint.ca for pricing and details (I have no affiliation with this website, they just did a remarkable job with it)

hope that helps!

P