All Forum Posts by: Vincent A.

Financing regulations are a little different between Canada and the U.S.A. as you have already experienced. Mainstream lenders here are somewhat more conservative in their underwriting. In addition, most of the insured mortgage programs from CMHC (or the two private insurers) are aimed at owner occupants.

To piggy back off of this, options here in Canada are quite limited.

You'll need to really analyze your deal and pitch it to another potential partner, hard money lender or a close friend/relative.

Out of curiosity, where is your condo located? I'm originally from Vancouver and know the area quite well.

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Originally posted by @Bhakti Kshirsagar:

We are in our late thirties. My husband and I are slowing beginning to explore the REI options. We are from Vancouver and prices are crazy overall compared to few neighbourhoods in US. We have about 30K for a down payment and looking for a multi-family, cash flow positive deal. Where should we start? Given we are definitely going to need a good and reliable PM team, is that the first thing we should finalize? If yes, how? Thanks in advance for your inputs. Sorry if my questions sound too basic but this is because it's going to be our first rental property.

Welcome Bhakti! I'm a former resident of Vancouver, BC. Born and raised there actually! So I know what you mean in regards to the housing market out there. I just sent you a PM in regards to a contact if you're interested.

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Originally posted by @Jacob Koep:

Hi guys! Just wanted to introduce myself and hopefully start meeting more experienced investors. I'm a 20 year old engineering and physics student at St. Francis Xavier University in Nova Scotia but am from Calgary, Alberta. I've always been interested in making money and I think real estate investing can really help me one day achieve financial freedom! I'm not sure if I'll be able to actually start investing any time soon since I don't have a ton of money saved up and don't have a permanent job, but I'd love to start as soon as I possibly can, so if you guys have any tips for me I'd love to hear them! I'm looking forward to joining this great community and learning lots from you guys!

Welcome Jacob! I'm an investor here in Calgary. That's awesome you're looking to get a head start in real estate. Keep listening to the podcasts, check out the MLS to just analyze properties in your area, read some of the books offered here on BP, and I would also suggest surrounding yourself with like minded individuals.

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Hi Daniel!

Investor from Calgary here!

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Originally posted by @Josee Fortin:

Hi there, I am new to real estate investing. We currently own a property where we rent out the basement suite and live upstairs. This is the first step we took towards achieving our real estate investment dreams! Looking for general advice from others investing in Calgary and surrounding areas.

Thanks!!

Great house hacking technique!

What else are you looking to do in real estate here in Calgary?

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@Chase Novotny

Hi Chase,

I'm from Calgary and a book I highly suggest is "Never Split the Difference" by Chris Voss. Not a real estate book per se, however its about the tactics of negotiating which you will be doing consistently in REI.

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@Sam Wilson

Unfortunately, I will not be available Thursday! I apologize. Do enjoy Calgary though!

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I'm also in Calgary. Mini BP meet up?

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A little late to the thread. But better late than never.

I'm looking to buy my first property this year. I have gone from just spectating on the MLS to actually going in with a Realtor to look at some. I had made an offer one on, but unfortunately CMHC will not insure the property as it was in distress from the builder as well as the condo board.

I will be looking at 5 more properties tomorrow and I have been in close touch with a real estate investor/developer to gain some more knowledge in the industry.

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Interested but unable to attend due to work.

Let me know if for some reason this gets rescheduled or for any future events!

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All Forum Posts by: Vincent A.

Vincent A. has started 9 posts and replied 61 times.

Post: Hey Vancouver, Canada! How do I fund raise my 20% down payment?

Post: Canadian novoice investor looking to invest in US

Post: Introduction to the site

Post: Are there any BP fans from Edmonton Alberta area?

Post: Calgary, Alberta Real Estate Investing

Post: Looking to network in Edmonton

Post: Memphis investors looking to network during trip to Canada

Post: Memphis investors looking to network during trip to Canada

Post: BP Canada - Let's Mastermind to hit our 2018 Investment goals

Post: Calgary, Alberta BP Get Together