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  1. bb2

    New home owner and investment advice

    I’d suggest joining REIN to gain some important education. Sent from my iPhone using myREINspace
  2. bb2

    young beginner real estate investor looking for advise

    This is such poor advice for someone just getting into the real estate market. I continue to buy real estate and have found MASSIVE success doing it. I have pretty much bought at least one property per year (every year!) in Edmonton, through every possible cycle since 1982. It's what you do if...
  3. bb2

    young beginner real estate investor looking for advise

    Dylan you are definitely on the right track. You are working hard, eager to learn, saving money (hopefully) and interested in financial education. My belief is that you will never get financial and time freedom from working for someone else. Most people may need to start there, but its...
  4. bb2

    Partnership breakdown of profits from a house flip

    Banks will not finance flips. It’s too short term. You need private money or a big line of credit. Sent from my iPad using myREINspace
  5. bb2

    Best market in Canada

    I totally agree with this post! Well said. Sent from my iPad using myREINspace
  6. bb2

    Best market in Canada

    Sent from my iPad using myREINspace
  7. bb2

    Best market in Canada

    4 plexes and suited duplexes are also attractive and very similar to suited sf properties. Good 4 plexes are harder to find. Bungalows that can be suited in the area I specialize in are abundant. Sent from my iPad using myREINspace
  8. bb2

    young beginner real estate investor looking for advise

    This is very good advice. Do not go into debt! Sent from my iPad using myREINspace
  9. bb2

    Best market in Canada

    This unpaid hobby has afforded me and my family an amazing lifestyle! Sent from my iPad using myREINspace
  10. bb2

    Best market in Canada

    If you want to start small industrial and commercial are not where you want to start or multi for that matter. Suited properties aren’t for everyone but after owning a lot of different types of properties for over 30 years they are my favorite because of the cash flow. They are totally...
  11. bb2

    Best market in Canada

    I’d say 10% management fees are more realistic. Sent from my iPad using myREINspace
  12. bb2

    Fully Renovated CASH FLOWING Legally Suited House for SALE in Millwoods

    Price? Sent from my iPad using myREINspace
  13. bb2

    Best market in Canada

    I do very well in Edmonton with suited houses. With 20% down on a renovated property I get at least 500.00 cash flow with me managing them. Sent from my iPad using myREINspace
  14. bb2

    Partnership breakdown of profits from a house flip

    Here is what I would do. Find a deal yourself, and pay 9% to a private lender or your money partner and be the general contractor yourself. To make money in a flip you need to know your numbers or you can easily lose money. For flips you cannot get a mortgage. Message me at (780) 446-3814 if you...
  15. bb2

    Is it worth to buy now in this market

    I agree with Carla. I bought a property in 2008 that I paid 360,000 for. It’s valued at 320,000 right now, but in 10 years I have paid the mortgage down and have had positive cash flow from day 1 (with 20% down). I don’t need to sell it. I will sell when the market improves or when the mortgage...
  16. bb2

    Multifamily in Edmonton

    Queen Mary Park has some pockets that are very nice. To say it’s a dumpy area is a bit extreme. I owned a 4 plex in that area for years and did very well with it. The further away from 107 ave the better. Sent from my iPad using myREINspace
  17. bb2

    How do you turn down prospective tenants

    This is what I say after 30 years of renting out properties and it works every time. You don’t need to over complicate it. Sent from my iPad using myREINspace
  18. bb2

    can I start investing with no money?!

    I agree with Sherilynn. There are ways to buy with little or no money down but they are advanced so get educated. If that is your only option consider taking Barry’s course. I took it a few years ago and would highly recommend it. Sent from my iPad using myREINspace
  19. bb2

    Question about Jan possession

    In my experience if someone starts sending ugly emails after you approved them they are probably trying to find a way out. Sent from my iPhone using myREINspace