Hello! Does anyone know if there is an investors group in Victoria that emphasizes fixing up and renovating properties? I am not looking to provide money, but rather, sweat equity. Please let me know.

On a number of occassions I have smelled what seems to be pot coming from my tenants suite. I don't smoke pot so can't be sure. It's usually around 10:00pm. Of course they deny it. The lease expires in four months and I probably won't renew it. They are good tenants otherwise. I have noticed it...

Like Toronto and Vancouver, Victoria just went through a 2 year growth-spurt. Do we have evidence of a major downturn or more for a leveling off the next couple years? I'm curious because I just bought a half duplex and suite. No plans to sell for a few decades though.

Thank you for that and I agree. Although I also feel all sources of knowledge are important and a good precursor to approaching mentors. A few questions to put out there... Given the rewards are so great, what deters or prevents investors from buying multi family? Is it that most people...

Okay, that's impressive, but what were your sources, what literature did you use to educate yourself? Any advice would be appreciated.

It's doable for the average middle-class, but also very risky. No matter how detailed the research, there's too much that can go wrong, and without a big cash back up, that could just take too long to recover from. It's worth investigating further, but not with much enthusiasm.

But I digress, Truth be told, that list shut me down pretty quick. It's what I love about this forum -- it can save a huge amount of time in research. Not to say an apartment building couldn't work without deep pockets, but it just isn't advisable. Too much to go wrong.

I like J: "J) your onsite manager is the key drug distributor in the area" Hahahahahahaha.

Okay so another addition to my little odyssey here as it seems like there so much to learn just when you think you know something. So looking into multi-family it leaves me woundering why is there so much trepedation about these? The bank qualifies the property, the returns can easily be great...

Thomas, I see your book on amazon. I will order a copy. Thanks.

I dunno. I just bought in Victoria in a very hot market and positive cash flow over $1000/month right away with 20% down. It can be done.

I know. I'm really not a fan of the strategy or the mindset. But even 3-5 years of appreciation can be hard to predict, as we have seen with Alberta lately. And at a certain point, you've got to convert good appreciation to cashflow, right?

Many of us, myself included, have the goal of passive income. However, few residential properties positive cashflow without a major downpayment of 50% or more, at least on Vancouver Island. To raise that 50% for a bucket list of properties, I am considering other options, even the "flipping"...

Yep, that's how I've been doing it, stringing together 5 year calculations. I was hoping for something a little more efficient, but doesn't seem that exists. Yeah judging the interest rate is a major confounding variable. In my relatively short history in real estate it has been an era of very...

Hi All, Most mortgage payment calculators project out 30 years, but they do not include adjustments in payments/principal/interest that occur every mortgage renewal date (such as each 5 years). As a result, it's not possible to predict changes in passive incomes streams that occur with every...

It is true. People tend to migrate towards the cities, the liveable ones anyway. However I always have a soft spot for the small towns! Just purchased in Vic West today. Many market fundamentals point to good appreciation in that area. Johnson St bridge expansion, new building complexes, some...

And yes to your last point, always better to sell before it peaks. Leave something for someone else, and avoid the drop. However you also want to thoroughly research your alternatives. I sold in Brampton a little early and missed out on some good appreciation although still came out well ahead.

Very good to know. Hopefully we are not looking at an adjustment for some time. On the whole expecting more punishing expenses eventually is par for the course, isn't it? Maybe there is some recommended literature on the topic... To be honest, I'm concerned about the affect of future interest...

In 2016 housing prices in Vancouver plummeted after the BC Government brought in the the Miscellaneous Statutes (Housing Priority Initiatives) Amendment Act, 2016. Some local Victoria politicians support a new tax in the Capital Regional District. There could also be other measures brought in...

Oh I didn't communicate properly. The condo is 440 but it's a different property that is over 600 and I'm comparing the two. Now what is the evidence for the 15% tax to be extended to Victoria that soon? And doesn't that negate the advice to buy 2-5 condos now? Also is it possible to send...