Edmonton multifamily is NOT the hot commodity it was in the boom years of 2003-2014. Most of these projects need major work, with little or no immediate upside. During the hay day Edmonton MF was on the radar as the go to product, and was hyped up by many sources. You could buy a building with...

From less than 300K to a 20M portfolio in multifamily/commercial in 17 years using your own capital is astonishing. I don't know any others with that level of success not using other people's money. This could only be done with incredible value add purchases and the right markets, well done!

Do not incorporate until you have enough assets and are essentially forced to. A very common mistake many newbies make.

So if your predicting a rise in the CAD dollar you must be predicting a rise in the price of oil as well. Why not then invest in Alberta now before this reality takes hold?

Point taken. What are you buying these days?

exactly why you need a REALLY GOOD reason to buy a building these days.. A sharp value add scenario is one of those reasons. The usual story, a standoff between vendors wanting previous years prices however cannot refinance vs. those looking for decent deals.

High Risk still after 5 strait years of getting the crap kicked out of them? It could take a bit more time, but also could end up being an entire lost decade like the 90s. I would say the riskiest RE play is in BC right now with tweedle dee and tweedle dumber running the ship, and openly...

Well done! Hardly a junior strategy or recommendation to a newbie just starting out. Not to mention simultaneously becoming a currency speculator, hence your return is very much dependent on the (massively) fluctuating exchange rate of more than 25% in the past decade. This may make sense to a...

If Kelowna, then certainly read my other post about artificially high values determined by extremely low (temporary) vacancy and artificially high rents. Not to mention a government that is determined to pound all landlords into oblivion. Pass unless it's really cheap, but way too much...

RBC will go up to a 6 plex without going commercial using combined rental income and personal qualification.

Your not missing anything, and to add insult to injury add in deferred maintenance, roof repairs, etc. not on the proforma and the inevitable turnover of 50% of your building when you take over, pay 10K to upgrade and rent each unit for less rent than before. There are many folks who are nodding...

I wouldn't major in minors. Stats are great but I would leave them to analysts who do this for a living. Come up with some basic analysis filters and locations you wish to work on, build a team and start acquiring assets! The best and safest bet is always always start out close to home with as...

If it was me I would find a realtor who is also an investor in the location you are looking at who is willing to work for you. I would exercise caution in Montreal right now as vacancy rates are abnormally low <2%. Rents will be artificially high and will likely drop when rates return to a...

Good job! A very aggressive play for a rookie but invaluable lessons learned. Thanks for sharing.

I would consider something like this, however the units would have to be substantially discounted. Hard to believe how fast the pendulum has switched in the opposite direction, and seemingly you can get burned converting a building to condos, and possibly even more so the other way around. The...

Why condos at all? I remain convinced that all condos, older walk ups and new builds are bad income generating properties. Many folks bought these 'cheap' converted condos in Edmonton in 2008 when the market cratered, and even today heavily regret it. My own PM in saskatoon is boasting at how...

Yes but back to my original question had anyone used this exemption to raise capital? It appears the answer is no.

Has anyone used crowdfunding to raise capital for real estate deals? This approach seems interesting, and wondering if anyone has used it.

No manager in Edmonton that I know of would take on such a project.

I have talked to so many out of province investors who bought based on god knows what info from whom, their first multi in Edmonton in these such areas and are now stuck and bleeding hard. As Thomas says: Many a rookie MF investor has lost his shirt in Edmonton! Don't walk from this deal, RUN!!