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BRRRRSTR Breakdown | Luxury Cabin Investment Property
Most people have heard of the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy, as it is one of the best ways to recycle your money into future deals. The BRRRR is proven, works incredibly well, and is a strategy I’ve used successfully several times in the past. However, if you rent the unit as a short-term rental (STR), you can supercharge your return on investment - this is known as the “BRRRRSTR”. The BRRRRSTR strategy combines the principles of BRRRR investing with Short-Term Rentals (STRs) to optimize returns on real estate investments.
The Risks and Dangers of Land Hacking: What You Need to Know
Land hacking strategies might be simple, however involve a unique set challenges. Land hacking and land development opportunities are difficult to finance, carry a burden of meeting stringent zoning and municipality requirements, and the costs of development can be prohibitive. However, if you can overcome these challenges, land hacking can be an exceptionally rewarding real estate investing strategy.
How to scale with real estate investing in Calgary | Financial Strategy Deep Dive
The best real estate investment opportunities in Calgary are homes that you can add forced appreciation through a secondary suite or similar house-hack, multi-family property improvements, fix and flips, and targeted short term rentals. In each case, you must find a way to add value on both equity and revenue to succeed.
Mid-Term Rentals | What are they & why they matter!
Mid-Term Rentals are properties rented to guests for periods of 1 to 12 months in furnished condition. MTR’s are ideal for people requiring temporary housing for work, study, or personal matters requiring extended stays. Read on to find out the pros, cons, and if this next big trend is right for you!
Sicamous Airbnb | Where to invest in Canada
Sicamous is known as the houseboat capital of Canada. It is home to spectacularly beautiful lake life surrounded by mountains. It is an incredibly popular destination in the summer, especially for Calgary residents looking to get away from the city. As a result of its summer popularity, the council has elected to strictly regulate short term rentals in the town. Unfortunately for those looking to invest in the area in a short term rental business, many of these regulations make it difficult to operate profitably, if at all.
How to get a high appraisal | Maximize your BRRRR
The best way to ensure a strong appraisal is to establish positive working relationships with your mortgage broker, real estate agent, and lender. You want to work with them to align your goals in a way that is mutually beneficial. Once you have strong relationships in place, you can then leverage real comparables and data to support your recommended valuation. Following these steps will help ensure that you have the strongest chance at maximizing your next home appraisal.
How to make money in real estate during a recession
In times of economic downturns, real estate investing fundamentals become increasingly important. You must calculate your financials with conservative figures, ensure every deal cash flows positive, and focus on the microeconomies that are still thriving. If you do, the pending recession could be the buying opportunity of the decade!
4 ways to invest in real estate without being a landlord
There are many ways to invest in real estate without having to deal with the stress of being a landlord. It can be as simple as hiring a property manager, to partnering with others through Joint Ventures, lending money privately, participating in syndications, or even contributing to REITs.
Canmore airbnb | Where to invest in Canada
Canmore is a world class mountain destination in Canada. Its back yard features endless hiking, biking and ski trails, is nearby a number of the best ski resorts in the world, and is a 20 minute drive to Banff. As a result of Canmore’s popularity, the town has had to impose a number of restrictions on Short Term Rental properties and property managers. With that said, if you choose the right property in the right location, it can still serve as a great investment opportunity.
What is land hacking? Should it be your next real estate investing opportunity?
The term house hacking has become a mainstay in almost every real estate investors vocabulary. House hacking, whereby you find additional ways to create revenue sources from your house, is incredibly effective to maximize your earning potential of a house. Traditionally, you were always limited to your single family home in what was usually thought of an urban environment. What if you had more space - more land to use? More land could open up countless opportunities. Enter land hacking.
Invermere airbnb | Where to invest in Canada
Invermere BC is a desirable market for an investment property. It offers both summer and winter attractions to invite visitors, has excellent market growth potential, and has limited municipal restrictions on rental properties at this time. When considering the cost of acquisition and expected revenues, Invermere performs very well and serves as an excellent option for your investment.
How to screen a tenant in Canada | find the best tenants!
Selecting a tenant can be an intimidating prospect for new real estate investors. After all, these are the people that will be responsible for the daily care of your property, and will be the people that you depend on for the success of your investment. If you happen to own a duplex or larger, your decision will also impact your other tenants that will have to share a wall with them. It is an important decision, and one that is critical to get right.
5 best Canadian real estate investing YouTube channels for 2022
Finding the best Canadian based content can be a challenge at times. In this post I provide my top 5 picks for the best real estate investing YouTube channels in Canada!
What rental property expenses are deductible in Canada? + Free calculator!
When you own rental properties, is important to understand what you are able to deduct on your tax return as it can save you thousands of dollars! In this post I’ll break down the primary deduction categories with real world examples. Make sure to check out the free Rental Property Tax Summary spreadsheet! This spreadsheet will make you look like a pro, and keep everything in perfect order to hand off to your accountant this year.
Is house hacking legal?
In most municipalities, house hacking is completely legal. However, you must be careful to adhere to any safety codes that apply to the specific type of house hack you use, any land-use bylaws, and of course, to report your income earned in your annual tax filing.
How to add an ADU to your property
There are several types of ADU’s that you can build, depending on your goals and your local municipal codes. The top approaches to adding an ADU include: attached ADU’s such as basement suites or conversions of existing space, detached ADUs such as garden suites or garage conversions, and lastly, above garage suite additions.
Is renting out your basement right for you? (what no one tells you!)
A basement apartment can be an incredible source of secondary income, but how do you know what it will really be like to be a landlord inside of your own home? You will have to consider privacy and noise, hidden expenses, and the mental shift from being a part of your family home to a business that you now run.
