All Forum Posts by: Paul Kochendorfer

@Andrew B. Check out REIN or if you want more specifically Edmonton based The Mogul Realty group. They do meet ups once a month (online during the pandemic). I've been to a few and they generally have good content and a chance to network.

@Brennen Driedger talk to Adrian at Mogul Realty Group. Nice guy, tons of knowledge. Actually, the whole team is knowledgeable and approachable.

As for types of investments that depends what you're looking for. You can get into a nicely renovated suited SFH for around 420-450k and cash flow about $600/mth. You could do a 4plex and house hack. You could BRRRR. You can flip. It really depends what you're goals are.

Best of luck!

@Reagan Wilson as Doug Crenshaw mentioned, get in touch with an investor friendly Realtor. I use Mogul Realty Group in Edmonton and they often have great advice and insight in these kinds of things and great connections to help build your team. Talk to Adrian and tell him I sent you :) Good luck!

Welcome to BP Jaymes, first off, I'd say you are on the right track by joining and asking questions. 

Can I ask why you would keep 10-15k in cash with a balance owing on your LOC? Why not pay off the LOC so you don't have debt and aren't paying interest on it. You could then use your LOC towards a down payment. Just be careful to not get over leveraged.

A SFH has historically risen in value (appreciated) faster than condos. Therefore, you should be able to build equity faster in a SFH (especially if you have a renter who is helping to pay down your mortgage) which you could leverage down the road into another house and rinse and repeat.

Are you willing to put in sweat equity? If so, you may want to look into the BRRR strategy. Check out this link:

https://www.biggerpockets.com/renewsblog/2015/04/2...

Cheers and good luck

@Johnny Khoury

Who's the company you are with right now? And are you still happy with them 12 months later?

Thanks, I appreciate the feedback!

@Larry Fried oh, my mistake. I went back and I misread that.

I'm also very interested. @Larry Fried I'd also love to hear about which companies you worked with in KC in a PM. Of course, I'll still look into them, but referrals are a great place to start looking, and with the amount of turnkey companies out there it's nice to hear that you went back to the same one multiple times. 

Cheers!

Hello friends, I live in Canada and I'm looking for a solid cash flow investment. I've been looking at turnkey lately, and I'm wondering if any fellow Canadians have purchased turnkeys in the US? 

If so:

-Did they have an accountant/attorney who was familiar with both tax systems to help navigate the tax  situation? (I can't seem to find an accountant around me that deals with this. I'd also really love leads in that direction)

-How was your experience?

-How long have you owned the property?

-Did you go and look at the property before purchasing?

-Have you bought multiple properties?

-Who did you purchase through and would you recommend them or not? (I've checked out turnkey-reviews.com but there are no negative reviews so it's hard to take at face value)

-Are you experiencing cash flow as good as they advertised?

Feel free to answer any questions I didn't think to ask!

Cheers!

@Chris Clothier

Am I to take it that you think guarantees are not good (just a marketing tactic)? I would have thought it would be a good thing to have guarantees on their work and rents. No?

Is it good if the company owns properties they sell? Meaning, they've had more time to complete the reno's and place quality tenants etc?

How about asking if they have an in house maintenance team? By that I mean it would be more cost effective to fix something rather than having to hire a contractor? Do you do those sorts of things?