All Forum Posts by: Scott Galloway

I have been getting listings under 200k from my Fort Saskatchewan based agent for the past few weeks, a few have been listed that have potential to brrrr (I haven’t toured any myself). This agent is an investor himself and has a few clients who are active flippers. We have also done three past deals with him for our principal residence, I trust him as the past experience was always great.

He sent a listing today that was about 20% under market (no photos of interior), and it has 6 offers in the first two days on market! He mentioned they bid on 1-3 of these per month, and figures probably 60-70% are sold before he can even tour them because other folks are jumping at them. I believe there to be potential for a brrrr in the Edmonton region, but with a legal suite could be difficult to find.

Over the past 3 years him and I have also spoke several times of a new build with a basement suite, as his office also works very closely with a small builder. This is also an option, but obviously not a brrrr.

Hope this bit of insight helps

Dale

Crazy, I know George and all those guys at realty executives. I’m actually taking my property management courses so i can go work there.

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Originally posted by @Brandon P.:

You can find 1% deals in Saskatoon & Regina but they are generally in bad locations or really old homes that need extensive renovations.

The property values vs rent ratio is very attractive in Saskatchewan, especially compared to Alberta and BC. Winnipeg is also a strong prairie market, it has been doing much better than Regina and Saskatoon over the past couple years.

Originally posted by @Scott Galloway:

Originally posted by @Brandon P.:

Yaro, have you found a city to buy in BC yet? I’m very interested to hear what is happening in the market there right now

I’d be more interested in Saskatchewan where your from, no? Saskatoon area looks like one of the only areas around you see 1% properties... that I’ve seen anyway.

There must be some good oppertunities to brrrr then if you could find some beat up property in a good location.

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Just curious to hear if anyones used any of these strategies and wants to share how it went for them. Im taking barry mcguires rapid cash flow program right now so i hope to do some in the near future.

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Originally posted by @Jamilla Mansoor:

@Brian yes plan on doing marketing myself. Thank you

Did you ever go through with it?

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Originally posted by @Dale Barber:

Joe

Hope this bit of insight helps

Dale

Can i have the name of that relator.

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@Brennen Driedger I agree with Paul. Talk to someone at mogul. They sometimes have 4 plexs with really good cashflow. Whats your current living situation? If i coulD id go put down 5% on a 4plex and live there for A bit then maybe try and do it again aha.

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@Joe Villeneuve

Ive never understood this. So do you think its better to rent?

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@Huong Luu

Have you done no money down deals in Alberta? I’m very interested in doing some. I’m currently doing an at home study course that teaches agreements for sale.

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@Brandon Coleman

What about finding a bit of a beat up property from a desperate seller and taking over there financing then renovate and refinance?

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Originally posted by @Divahd Noel:

@Scott Galloway Right now mostly online, searching purple bricks and what not, I havent started with the various other marketing techniques like mailing list or bandit signs. How have you been marketing in Alberta?

I'll pm you

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All Forum Posts by: Scott Galloway

Scott Galloway has started 4 posts and replied 55 times.

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Post: Newbie here......... Brrrr in Edmonton? what are your experiences

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