Finding ACRE System Demographics

[vegasun]

Hi everyone,

I just finished the book and am having a hard time finding stats on stat Canada. Does anyone know where I can effectively find all the demographic stats so I can choose a city to buy real estate in?

 

[Thomas Beyer]

Almost any US city is a good buy. Most Canadian cities outside AB or SK is a hold right now I’d say.

Values in most BC and ON cities in decline this year AND tough to cash-flow with 70%+ leverage AND rent controlled.

I’d say this year and next buy in AB or SK.

Wait for bottom to form in BC and ON, but even then cash flow extremely difficult.


Thomas Beyer, Asset Manager & Improver, Hard Asset Investor & DeFi Asset Hodler, Author, Father, Mentor, Hiker, Kayaker www.prestprop.com

 

[vegasun]

Hi Thomas,

Thank you for your input. I’ve always wanted to purchase property in the states. Somewhere warm would be nice. Living in Canada can get so cold!

Any advice on how I could get educated on the process of buying in the states? I would like to know about the process and expects lot the costs/taxes involved.

 

[Thomas Beyer]

Don’t confuse a vacation property with an investment property.

US is huge. Pick a state and then a city that has upside and that you can go to repeatedly .. then go VERY DEEP. How to get started ?

How to get started ?

Frequently the issue of any new investor is: where to start ? First of all you should assess your CASH situation. CASH is a combination of "real" cash, committed friends and family's cash and a HELOC (Home Equity Line of Credit) or short: LOC. On a LOC you have to pay interest only on the...

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Thomas Beyer, Asset Manager & Improver, Hard Asset Investor & DeFi Asset Hodler, Author, Father, Mentor, Hiker, Kayaker www.prestprop.com