All Forum Posts by: Paul Williams

Sure. PM me!

Thanks Rob, 

According to the realtor this property is already converted and each unit has its own title, which is very interesting and confusing at the same time, not sure how or why it would be both an apartment and a condo at the same time!
I will have to look into this a lot further.

Thanks Brian,

I'll check into that with a local lawyer.

Once you had the declaration built who managed it once you sold all your units?  Was it a management company or a coalition of owners or a bit of both?

Have any of you ever had to create a condo corporation?

I am considering an apartment building with the possibility of splitting up and flipping the individual units into condos.
In this case, I would have to create a condo corporation so the individual units would pay condo fees.
I have never paid condo fees in my life, never owned a condo, rented apartments then bought houses.

Any tips on how one would go about this?

Cheers,
Paul

Hi All,

I'm very new to real estate investing.  I was looking for info on building and selling in-fills and came upon BP by accident by falling down the rabbit hole of youtube.  I came across one of the podcasts and was inspired.  It's very encouraging that such a community exists!  I'm now trying to decide if I want to buy and hold or build and flip.

I have worked in Alberta's oil industry for 14 years and am finally trying to get some more of my equity working to make money for me.  The more I read on this site the more I realize that I have a lot of useful skills in this industry.  My father was a contractor, so I've been building and renovating all my life (on my own homes), also I've owned one rental house for almost 10 years now.  I always looked at it as kind of a burden as I just sort of fell into it, but I'm starting to realize all the valuable lessons that managing that property has taught me.

Anyway, I love meeting new people, so if there is anyone local on here that would like to get together for a coffee hit me up!  Investors, realtors, construction people, accountants, whatever, let's chat!