Thanks for your help Margaret!

Thanks Matt! I really appreciate the referrals. Finding a solid Realtor and mortgage broker will be key for me moving forward. For book keeping, I am going to start managing my properties through quick books as you suggested and will hire an accountant for the year end. Cheers, Kevin twitter...

I am in the process of improving my team and although I have worked with some great people, I really want to find professionals focused on investment real estate. I live and focus on the Edmonton real estate market. If you have any recommendations it would be greatly appreciated. Looking for...

Thanks again for all your help! I'll be using this strategy moving forward. All the best, Kevin

Hey Matt, Quick follow up to your last reply. I am considering doing a JV deal where they qualify for the financing and we are both 50% owners. I plan to set up a separate bank account but I am not sure how that works with mortgage payments each month and cashing rental cheques. Is it...

Definitely open to learning from an experienced investor. Hopefully when I join REIN I can explore these opportunities. I have worked in sales and digital marketing for a long time. I just need the real estate chops to round everything out :)

Thanks Cory. Multi is my long term goal and I am looking forward to the challenge. Cheers

At this point I have two properties, one in Vancouver and one in Edmonton (joint venture). I have been able to manage them successfully and they have provided consistent returns. For my third property I could finance a townhouse by myself but a multifamily piece would have to be with a JV. How...

Thanks Thomas. I am currently traveling abroad in Asia but when I return I will be joining REIN. This network is the real deal and I can't say enough about all the great people involved. Cheers

Hey Troy. Congratulations on your first JV! I'm hoping to embark on my first one this coming year. Quick question if you don't mind. Did you set up a business account to manage the JV/finances or did you just use a personal account? Thanks for your help.

Thanks Cory and Sherilynn. As always your comments were very helpful! I did a little research and found some additional information on deal structures specifically for multifamily properties. For the smaller properties like a duplex or fourplex I would avoid setting up a corporation. For...

Investing in residential property in the Edmonton area.

Hi All, When structuring a JV deal for a duplex or multi-family property, would it be advisable to create a corporation for the property? I am assuming it would be easier to manage the finances through a business bank account rather than personal accounts. Also do you require any special...

Hi Corey, Thanks for the reply. You suggest not going the JV route until you have proven yourself with 3 or 4 successful sales. The time it would take to generate the down payments for each property could take a considerable amount of time. I understand this is a long term play but I am...

Thanks for the feedback everyone!! At this point I am going to get a large LOC and work with one of my interested JV partners. Based on your feedback and the reserach I did it seems like the most logical next step for my situation. All the best Kevin

Hi, I currently have two properties with a decent amount of equity built up in both. I am looking to acquire a third property and have considered using some equity as a down payment. Any thoughts on this strategy or would getting a large line of credit or JV partner be a better option...

I am currently looking for a PM referral in Edmonton? We would consider licensed and unlicensed companies. Thanks for your help.

I have managed my first investment (1 bedroom apartment in east vancouver) for the past 4 years. The only major benefit has been an education and an understanding of what goes into the process. I jumped into buying a place without any real strategy at the time but lucked out with the numbers...