All Forum Posts by: Roisin Lennon

Hello fellow BP members! 

I am considering purchasing a one door, 5 bdrm house in Invermere BC and am looking for input on whether my plan is do-able:

I want to purchase for $500k, put 5% down ($25k), (making the mortgage around $2800/month), charge $800-$900 a room, to be making at least $200/month profit. I know this would normally seem crazy in a small town but there is a HIGH demand for pet-friendly rentals (both Invermere, and people working at Panorama Ski Resort) and none of the rental companies are accommodating these people with pets (for good reason- I know). 

Invermere is the central town on the 93/95 corridor (Golden to Fernie) and its surrounding towns are mainly frequented by Calgarians for at least overnight because it's a 3-hour drive so tourism isn't likely to go down, if anything up because of the boom with Covid. Invermere has a really good summer vacation scene, lot's of expensive vacation homes on the lake, town has a good set-up business/employment wise, quirky pubs and artsy places, etc. and it could start taking even more winter tourism as Panorama Ski Resort is small and there is often overspill. 

There is lot's of land for sale, tons of construction, house prices have been going up (even before Covid) so I'm thinking it's going to start to blow up. I would be managing the property myself so a great learning experience but I'm sure there are lot's of cons so if anyone happens to read this far, let's hear your pro's and cons!!

Thanks in advance for the insight guys :)

Thanks Zorya! 

@Theresa Harris Thank you! I'll reach out to both Jason and Kris. Would love to chat with you about your numbers for the Parksville area if you have time.

Hello! I am starting my real estate investing career, saved up, and am looking to start investing somewhere in BC. I have narrowed down that I would like to invest in one of the towns along the Vancouver Island coast, between Duncan to Courtenay, as well as Langford (or a smaller municipality surrounding Victoria), Chilliwack, Prince George, or Powell River coast area. If you, or anyone you know, has real estate investing groups near these areas please let me know. I would love to join and/or chat about the area. Also any advice for locations to invest in would be greatly appreciated; I am going to BRRRR a duplex or triplex and then house-hack the renovated result. All advice is welcome and appreciated!!

Hi, I am from Ottawa, Ontario and looking to meet other people who are looking to invest (or who have already) in multifamily homes in the Ottawa and surrounding area and would like to share their experiences so far; what has worked, what hasn't, how you feel about the process so far. I haven't seen a ton of Ottawa-dwellers on Bigger Pockets but if any of you are out there then let me know and I can arrange something!