If you are a property investor from the East coast or BC who is looking for an investment residential property that meets the BRRR strategy in Edmonton, then, the answer is “YES, BRRR can work in Edmonton”. BRRR strategy could never work in an area where the housing price and rental income are such big differences. The first step of BRRR is to find a great potential property (This is our expertise). Next, you would need to renovate this subject property inside and out (big time) before getting a good rental income and refinancing the property. It means you would need to prepare to spend a big money upfront and you would also need to have dedicated renovation contractors to deliver a great reno result. If everything goes well, it might be a 6 months timeframe to get it done. To us, this is a level 4(the highest is level 5) type of property investor – the type of investor who can basically be making a living by doing this over and over again – “This is US”.
BRRR in Edmonton, Alberta
