All Forum Posts by: Stephanie Blouin

I would like to buy a rental property soon but because I won't be living in it I have to put 20% down. I don't have enough capital for that, I was wondering if I can use my student line of credit for the $5000-$10000 missing. Does anyone know or is there something similar that I can look into?

Thank you!

Thank you @Trevor Gaal and @Chris Baxter

Your replies are really helpful. I will look into Ground Floor PM when I acquire a property. Ill also be using 6% when calculating local PM for NB. Thanks so much for sharing these details with me, It gives me a better idea of the price of expenses in NB. You’re right I will be careful to not under-estimate the numbers.

Stephanie

Thanks @Theresa Harris for the reply.

Ill check websites for local PM. 

Hello,

I am using the bigger pockets rental calculator and I am missing some information to get a more accurate idea of the cash flow. I am looking at the New Brunswick market for duplexes.If anyone can help me answer the following questions I would appreciate. 

How can I find the property insurance cost? 
What's an average percentage cost for a local property manager?
What's an average cost for the electric, water, and garbage collections fees? (Moncton,NB)

Thank you,

Stephanie

Thanks for the reply @Brian Dean ! Yes you're right if I had a larger down payment I would be cashflow positive. Since its not the case, having tenants will definetely lower my mortgage payments. Ill have to start with that and save more capital for a second property.

Thank you @Chris Baxter for the reply.
For now ill invest in the lower mainland because I want to live near my job. I want to learn how to manage renting from a short distance. If I dont find anything that works for me ill look further.

Hello, does anyone have experience with house hacking, apartment hacking or mobile home hacking in British Columbia. In the Vancouver area the houses are out of my price range for now, that's why im looking at apartments and mobile homes. 

Ive been analyzing 2 br apartments but because the strata fees are high it doesn't seem to cashflow. If you have any insight on this matter let me know!

Thanks

Thank you all for the replies 

@Kris H.

@Steven Silman

@Wendell Fong

I think it would be good to have a local BP meetup as it seems like the other organizations are based on sales. It would be my first time organizing a meetup, im thinking of creating a new post about it, and with the people who are interested we can set up a time and location.

Let me know your thoughts!

Im getting started in real estate investing and it would be really helpful to meet people investing around Vancouver. Let me know if you’ve heard of some meetups being organized or if we should organize one.

Hello,

Are there any Vancouver meetups scheduled in a near future? I would be interested in joining.