Good list above. Don’t over upgrade as it may not be worth it. Sent from my iPhone using myREINspace

Ask the city planning department first. Many planning departments - but not all - very willing to help and point to required documents, timelines or even firms that can assist like surveyors. Sent from my iPhone using myREINspace

It’s not positive but if it is 2-3 blocks away it is minor. Thefts, defecation and drug use may increase though in the area. Sent from my iPhone using myREINspace

What does your lease say? Who pays for it? Sent from my iPhone using myREINspace

No. A rollover like this exists in US only. You can buy losses if you hold properties in a corporation though and co-mingle losses with gains !! Sent from my iPhone using myREINspace

I have done very well in many small centres such as Wetaskiwin, Camrose, Powell River, Fox Creek, Rocky Mountain House, Campbell River, Blackfalds, StonyPlain etc but liquidity is an issue as many potential buyers don’t go there, and more volatile. As stated too small a town esp isolated is very...

Any RE is a good idea in principal, depending on price, quality and location. SF, THs, MF, industrial warehouses, hotels, retail, mobile home parks etc A little broad a question for a forum. You can make a killing in either form or location or lose your shirt. Details matter. Thoughts on how to...

It’s a recipe for disaster. Own it 100%, or don’t do it. Or gift the money to your daughter and she owns it, and be prepared to lose all that cash. Or lend the money to your daughter so it doesn’t end up 50% with her friend in 2-3 years. How stable are these friendships? Who is on the...

These are ALL very valid concerns. Unclear what you mean by “commercial residential” properties? Rental properties? Best are houses (the more land the better) that you can rent with cash-flow but eventually sell to an owner if you want. Don’t ever buy a condo or vacation rental as an...

Nice. No kids ? No promotions? No 60-70h corp job? But a networth of only 500,000 (which presumably includes your house) can’t generate $30,000/yr in income esp if it’s growing. Some reading here. https://myreinspace.com/threads/what-is-better-cash-flow-or-higher-roi.26596/ Sent from my...

What does “wholesaling” mean to you ? This is Canada. Not the US. I assume you buy in cash to get a sufficiently low price for sufficient spread ? It’s illegal btw in BC to assign a contract for more money ! What price point are you targeting ? Sent from my iPhone using myREINspace

Plenty of cheap office space and huge talent pool will attract more high tech software firms like this one https://calgaryherald.com/opinion/columnists/varcoe-symend-growth-shows-tech-sector-gaining-traction-in-calgary Sent from my iPhone using myREINspace

Flat for a while. Be cautious but not overly negative. A hardy province and oil & gas is needed works wide for decades to come, with rising prices. Even had lithium for electric batteries, sunny and loads of ag opportunities and engineering jobs in cheap office space. Sent from my iPhone using...

I answered your question. To become a private lender you presumably have lots of money to lend and then you market that fact online or mortgage brokers !! Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com

Start with an area you like. Talk to realtors in the area that specialize in rental properties. Know what good value is, what rent levels are and what the rent control laws allow. Or start with secondary research on what are high growth areas in the US. Many in the south are. Avoid Dem run rent...

You advertise online, via forums or mortgage brokers. Sent from my iPhone using myREINspace

Anytime bro I also can eat in Van or Kelowna I’ll ring you up next time I am in the sunny Okanagan !! Sent from my iPhone using myREINspace

Nothing in life is certain except death and taxes. There’s only probabilities fir everything else. Sent from my iPhone using myREINspace

Unclear what cap rate this is ie what expenses in your short list of numbers is included or excluded. Prop mgmt? R&M? Smaller cities in BC might have more upside, as Victoria like Vancouver area is quite pricey already. Say any asset here Nanaimo Comox/Courtney Campbell River Sechelt Gibsons...

Nice vision. Focus less on vision and more on specific actionable action steps towards your goal though. Plans or visions are easy. Planning ie breaking it down into specific smaller action steps are harder and then actually consistently doing them is very hard. Specifically: how much do you...