PRICE of our Calgary house & RISKS associated with the investment 👀

[@ps4mario891]

One of my friend also asked me to buy an investment property in Calgary. It was risky, so I chose to invest in premium index fund with reputed bank here in Alberta in non registered fund, one can have TFSA also instead to save tax on return. Being a premium fund it has low management fee, and high returns as it has mostly US FAANG stocks and has steady last 10 years growth report. As of now it is giving 24 % annual return. Real estate investment could give sleepless nights as closure in case of loss is complex and mortgage early closure also have penalties. Plus maintenance issue. I have experienced tenants last 5 years and realized it has a low returns as compare to market and unpredictable ( stocks are also, but stocks are easy to switch / withdraw). If renter is messy, it is not easy to put him out. All in all, been there..done that .... not a fan of real estate. In Alberta especially.

[@djmix7077]

Where did ya invested(which bank and the name of the stock/ETF)?

[@ps4mario891]

@@djmix7077 its in CIBC, Nasdaq Index premium fund. Very low due to war as major stocks are from US. So its good time to buy.

[@santoshprabha1781]

Have been following most of your videos ever since you’ve landed, right from renting out a basement to now owning 2.5 properties in Canada in less than 2.5 years. I’ve also landed around the same time, a few months prior to you guys. While I haven’t bought any real estate property in Canada yet for other reasons, watching your progress is inspiring! Congratulations on your journey so far and all the best for the future ahead!!!

[@Potatotalkies]

Thank you Santosh 🙌👏

[@AmanSingh-ko5uw]

This guy has been in Canada for only about an year and he is the canadian guru in investing, real estate, mortgage etc. Now you know who not to listen to blindly for lifelong decisions. For all the people out there watching and appreciating, I want to let u know that you need a seasoned player who has been in the country for a long time (atleast 10 years) who has seen all up and downs of the economic cycle to give professional advice. Keep your money safe and invest wisely and stop glorifying these naive newbies👎

[@Potatotalkies]

A pro is an amateur that shows up every single day. :)

[@SuperVanihba]

Balls you ancient donkey, they know what they are doing, don't create these shirtless impediments

[@A__SB]

Congrats on the purchase of your third property! However, in my humble view, you could get better returns from the stock market. The 25K downpayment could easily get 10-15% rtn /annum even in this bearish market. Another way to improve returns is options trading with leverage- you never go wrong with blue-chip stocks. Moreover, the main challenges with real estate investments are ensuring a 100% occupancy rate, ppty expenses, plus stiff competition to get tenants. Also purchasing a property in such an inflationary market due to FOMO is something of a concern. Hope your investment bears fruit!

[@anubhavberi5262]

Dude what about is ng leverage and taking benefits of low interest rates?

[@MimeJr.]

The word options trading stopped me from further reading your comment

[@sriramcan]

amazing analysis. transparent and honest couple.

[@jbond008]

I live in Alberta you will be lucky to get $2800 rent

[@shwetamazumder27]

Sorry to say but you should not give false information. For the bank to consider 50% of rental amount as your income you need to have 1 year signed lease from tenant. You cannot say bank you will rent and get the mortgage for the rental . And you are incorrect on the fact that you are having 3 mortgages. Right now you only pay for your condo and the rest two properties are just booked without any financing.

[@CanadianNextDoor]

Hi, I really love what you guys are doing an I myself believe that’s the right way to go. No criticism here but few things I would like to add which you might have missed: 1. You can add the cost of house insurance as well which may not be huge but since you were covering all the details, you can calculate this as well 2. You have to calculate the taxes on 2800 CAD as this is your additional income. You can Subtract the mortgage interest, house tax, insurance from this amount. I believe that amount will be around 1000, which will leave you with 1800 as net income. The approx tax based on which ever slab that individual lies in, let say 40% in this case will be 720 CAD. So now if you see this house or similar house for anybody are not in positive cash flow. PS: your case can different here. I am only highlighting for majority of cases. Let me know your thoughts

[@Potatotalkies]

Makes sense. The tax will be a little lower as I am self employed - but it will erode some of the profits for sure.

[@CanadianNextDoor]

@@Potatotalkies All in all awesome step towards your future 👍

[@Potatotalkies]

@@CanadianNextDoor thank you 🙌

[@rvvailmalik]

I agree : They haven’t calculated tax on their rental income.

[@KavyaCan]

Good points. There are two more important points, 1)Repairs and maintenance: You have to take general maintenance and upkeep costs of the home which tends to add up quite quickly. These are usually paid by owners. 2) Rental Vacancy Rate: There is a high rental vacancy rate in Calgary. I know it is not a major point. But worth considering.

[@jagjitventures2610]

DUDE REALLY GOOD VIDEO... I LOOKED AT SEATON TOO.. INFACT I DID SPEAK TO A REALTOR BEFORE WATCHING THIS VIDEO. HAPPY TO SEE THIS.. HELS ME MAKE A DECISION

[@look4shashank]

I lived in Calgary before moving to another city. Lot of best possible Cases have been considered to portray just a meagre return. Anyways all the best.

[@sanjayellawadi2072]

Potato talkies has become Marketting channel now

[@karangill7637]

so true 👍

[@molsharma4943]

I live in kitchener and looking to buy my first house in Calgry coz I can't afford in kitchener. Thankyou so much for all the info

[@abhinandanmadan]

I think you forgot to add property Insurance. I know renters will be having their own insurance but you still need to have an insurance to cover if something goes sideways. Also $2800 is achievable on a higher side only which can keep your property vacated for longer durations. My recommendation is $2500 which is more reasonable for entire house. That's good that you guys are aware that home appreciation in Calgary could be very less and sometimes you don't even break even (Forget 2021 sales which can not be sustained). Also you considering your numbers based on 30 years not 25 years which is traditional mortgage term. All this can reduce your profit sharing to $200 per owner plus equity you building in the house. Last but not least, maintenance cost is there as well, your will be less as it's a new house but it's still there. So there is a profit but huge amount of risks associated with it.

[@LifeofRishabh]

Makes a lot of sense! Thanks for the video :)

[@ashsharma7527]

If you really don't want to take a risk of tenants you can always sell the property on assignment instead of closing, unless builder give you that option. Also, being a Real Estate Agent in Toronto to me its not really a great cash flow property as over the period your property would have wear and tear and may need to spend more money for renovations, moreover Incase any given month if your tenants would not pay rent on time then you may see some financial issues. Finally, from my experience a great cash flow property should give you 1% return on the purchase price of your property, because you need to consider about vacancy rate. Again every investor is different BTW Congratulations on your investment. Contact me if you need more tips on buying, selling or investing.

[@Potatotalkies]

Thank you 😊

[@harrys3522]

where are these properties in TO where you are able to achieve 12% ROR

[@saurabhchaudhary3524]

But how we contact you for this !

[@jesiesangha2979]

Dear you have to include house insurance. In addition if you are renting through Property Management company then you have to pay taxes on rental income. If the income is already high then there is not much left behind. If you guys rent the properties yourself then you can definitely save.

[@AbhishekBalsara]

Great video guys 👍 It's really a no brainer that the investment is really good, the calculations, and details are indicating a positive growth.

[@princeoberoi8445]

Sir i live in calgary i am not sure who gave you advise that 1 bedroom rent is $1000 and 3 bedroom is $1800 and you have to calculate MTG payment at 3% as interest rate will go up. Rent in calgary for 1 bedroom is $850 and 3 bedroom is not more than $1550 total is $2400. Reason why you should calculate MTG payment at 3% becausr rate of interest will never be below 2% always calculate at high percentage when you are investing first basic rule of business so with 3% MTG payment will $1682 +$300+250=$2232 and you are getting rent for $2400. So total cashflow $2400-$2232=$168 cash flow. You never calculate at very low numbers when starting a business as if number goes down it a good thing but if you are already calculating at lower and if interest rate goes up then you are screwed. If interest rate goes to 3% you have cashflow of $168 thats the reality.what about home insurance thats also monthly expense you didn't calculated minimum insurance will be $125. Try to do some research on rent if you need any help i am ready to help and please don't misguide people with wrong info.

[@samiullahkhalid8948]

Fair analysis

[@raghu8467]

I get ur investment thing but aren't you doing the same that you do in India, buying more than you need and artificially raising the real estate prices there by depriving the opportunity genuine buyers..do think what you have done is correct?

[@pujaberry5899]

Rather to have purchased a property outside Ontario , would have been wise to look for properties in medium cities in Ontario. I purchased my 4th property this year in Ontario - 2 Condos in downtown Toronto and 2 Detached houses in Windsor (Ontario) , both detached houses came under $550,000 with big backyards and close to Detroit (USA) and the property prices are growing fast but modest compared to Toronto & GTA . The best part is to have entire portfolio in one province as it is difficult to navigate across various provinces to tackle tenant issues. Best of luck though.

[@canadianjatti]

They have a property manager.

[@pujaberry5899]

Property Managers can go only to a certain extent in situations pertaining to tenants. I have seen property managers who become lazy or don't attend to matters of urgency on time , while things get bad to worse . They have their interest in mind rather than the interest of the owner. Being close to vicinity of the investment property is always a better option than to rely on outside agencies

[@canadianjatti]

@@pujaberry5899 I agree somewhat. Must choose them wisely. Also, their investment partner resides in YYC so I am sure that person will stay connected and close

[@karangill7637]

😱😱😱u should make a video on that 🤣🤣🤣🤣like my Fouth properties how hard I worked for it. like their r making it so hyper about their third one .

[@pujaberry5899]

@@karangill7637 I know people wo have got their 10th property and not going to be hyper about it :) . I am looking for my 5th property so busy with that. No time to make videos lol. I can advise people 1 on 1 , if they need any direction .

[@allitm4642]

Congratulations Simran and Navjot!! Keep up the great work 👍

[@blakehelton6884]

*I will forever be in-depted to you Emilia 😇 you've changed my life, I'll continue to preach about your name for the world to hear,* *you've saved me from a huge financial debt with just little investment, Thanks Ms Emilia Russell* 🇺🇸🇺🇸

[@oliverjackson160]

I have tried lots of traders but non is as genuine as Emilia, though I was skeptical but still gave her a try of $500 and got a profit of $7,500 in 3days I'm so grateful🙏.

[@helensteve2817]

Crypto trading is one of the lucrative business, but to be honest its not entirely easy i lost so much while doing it by myself until I stumbled across Emilia Russell

[@bobbiechristopher6772]

You will make a startup deposit depending on your chosen plan so trading begins, and your profit is released to you in less than 18 hours after you make your startup deposit.

[@gurametsadashvili1888]

I don't recommend you buying or selling without proper analysis. If you're new, always do your research or seek proper guidance from certified expert for proper and profitable management. I got into the market with $15k, but with the guidance of Mrs Emilia, a coach who helped me grow that to over $47k in few months.

[@janemunsey9753]

Emilia investment is such a reliable source of making extra money, I got her ref on a KZbin video some months ago although I doubted but later reluctantly gave her a try of $400 in less than two weeks she made a profit of $4000 I was so happy and immediately invested all with her.

[@wassaapRA]

Inspirational video! Thanks for sharing your knowledge with us ☺️

[@tarunnavlani]

since you got appreciation from your current house in kitchener. refinance it and get 50k cash out to put for downpayment..you would pay a little higher mortgage on current property( 75-100 per month if ammortization is 30 yrs). basically you buy the property by leveraging ..if you calculate rate of return.. you are paying 1200-1500 a year in interest and generating cashflow of 4800 in a year..

[@Potatotalkies]

We haven’t closed the Kitchener house yet :)

[@WorldTraveller0001]

He still needs to do closing of Kitchener home

[@Shubham-jz7ec]

How good it feels when you saw the script in Insta stories and can relate now😀. Always appreciate the amount of research you put before every investment. This goes without saying- Love you guys 💯

[@Potatotalkies]

😂🙌

[@being_netizen]

I dont know everything but you guys should consider refinancing the previous properties if they are up in value so that you will get more money for downpayment Search this method as the brrrr method of real estate . Loving your content

[@Potatotalkies]

Will refinance when we get our Kitchener precon in 2023… BRRRR will also come in a couple of years :) and so will smith’s maneuver 😀 it’s going to be a fun ride .. thanks for your support

[@sanjivraj9160]

Good video,I think you need to include the home insurance as well.

[@akelaaussie]

Amazing video, beautiful people! 💖😍 God bless u and your family…. 🌹🌹Keep rising and shining...Sending lots of love💕from Sydney, Australia.

[@AnandSharma-xl6tn]

Congratulations great investment am sure soon you will achieve your target even am also investing in property since last 26 six years in India booked enough profit rapid growth possible needs to book profit timely as investment never goes in one direction best wishes

[@anshuljain5185]

Question about calculation of cashflow: shouldn't we include the income tax to be paid on the incoming rental income in the calculation? That would eat away at the profit margin, right?

[@Potatotalkies]

Yup! But not entirely, as we got expenses too.

[@WorldTraveller0001]

Most people don’t show rental income on tax. That’s why people are investing. If government get strict about it, then only it’s problem

[@sammypinto1946]

@@WorldTraveller0001 that's tax fraud more prevalent in Brampton

[@ishitasingh5330]

@@sammypinto1946 kahi b chale jae. Purani aadate aasani se nahi jati

[@WorldTraveller0001]

@@sammypinto1946 most multi property owner don’t pay rental income tax in any city in canada

[@gurpreetbajwa2971]

Hello Guys, good to see you growing. You really give a great motivation. I live in Edmonton and would look forward to meet you some day when you visit Alberta again,, want to learn lots of things from you.

[@Lj22]

This is exactly why supply never will be ever enough for the demand caused by investors like us who don’t need another house to live but just pure greed to be in the rat race….I guarantee if policy comes out with capital gains no one will ever consider this….or 4% mortgages on investments…or follow Singapore where one person can only own one property…put your name down for second property if demand is not enough then u will be allowed to buy another…that’s what we need in Canada… …..chalo Calgary Ontario GTA walo…heloc nikalo aur uthalo jaldi….kyonke ab hum wahan bhi $1M ke kra ke chodenge

[@karangill7637]

Canada had law for only foreigners if their purchase a property in Canada as investor need to paid 15% additional tax . As I know most of Asia like Singapore and Hong Kong need to paid additional tax for 2 property.

[@garyminhas3994]

Have to make to new comment because I got blocked again and my replies aren't public: Of course, the prices will appreciate at least keep up with the inflation just like any other asset. That could be said literally anything, I can see that Bitcoin rn is $47000 Or Cardano at $1.23, we will come back in 10 years and see if you invested $100,000 into bitcoin or SP500 or XCV vs this property in Dec 2021, how much it will be worth in 10 years.

[@theoneanubhav]

This does not seem like a good idea. Too much effort (upfront and ongoing) + the stress of property ownership + concentration of most of your net worth in 1 asset class. Also, you didn’t account for ownership costs - who pays for a broken furnace etc? A 6-7% return is achievable with a simple index fund + you don’t have any carrying / maintenance costs + you get diversification. Everyone is jumping head first into real estate and that is the biggest warning sign.

[@smarathe301]

Canadians are treating the real estate market like the stock market; buying and leasing; flipping etc.

[@canadianjatti]

they mentioned they will have a property manager

[@karangill7637]

@@canadianjatti everyone who had more than 3 properties u need property manager . my dad also do that same for me nothing big news

[@Pilot_747]

Sound quality is much better in this vlog than the previous one. Apart from the windy conditions there … you should consider better mic or positioning the mic better. Just a suggestion.

[@Potatotalkies]

Na; it’s the same. It’s just too much wind in the last vlog !! It was almost 40 kms an hour

[@yashasvitalwar4246]

Very well explained. Specially the risk part

[@travelboom237]

Nice 👍 !! Keep growing...

[@littlebrownbook989]

The way calgary is having empty houses available right now for rental purposes is crazy. There are too too too many houses available at really low rental charges. Future might be bright in calgary but at least for coming few years it’s scary

[@Potatotalkies]

Calgary is having empty condos :) Not houses… !

[@canadadrives1879]

I have been living in calgary for long time and all I see is house prices doesn't grow as much... only certain areas saw price movement. some remain same some areas drop below .. its not at all like Ontario or BC. there is a reason prices are so much affordable here bcoz they don't go up in price. Other thing is u r asking 1800 for 3 bedroom thats another no no coz people can still buy a house for under 250k or condos under 200k where there mortgage be under $1000 . Ur speculation is from Ontario point of view but here its different. and not to mention yea it looks good when u see it. come in rainy season and see water blockage on the roads. specially in Main street seton where ur house is . I know all of seton Mahogany are coz I do delivery on those area 5 days a week. I could take risk on Mohegan but not on seton.

[@Potatotalkies]

100% agree! Betting on it’s future, not past! We are living in a very different world now where townhouses in BC and Ontario cost over 1Mn.

[@canadiantraveller4710]

I think grass is always greener on other side perfectly applies here in your case 🙏🏻 I am Shocked you are buying duplex for $500k in SE Calgary

[@canadadrives1879]

@@canadiantraveller4710 yea man thats insane. builder charged him premium in the name of speculation.

[@akhere4279]

@@canadiantraveller4710 is duplex smaller than detached?

[@mahreenkhan9061]

Hey, I am planning to move to Calgary for studies n job. I'm an IT student. What would your thoughts be on this? May ik the IT job market n potential there. It would be helpful if you could reply . Thank you :)

[@mufaddalrampurwala1983]

Excellent planning and execution!! 👌🏻👌🏻👌🏻👌🏻👌🏻

[@manjotkahlon3151]

Best channel ever for real estate love you guys … i want to know how a new comer immigrant buy first house in Brampton

[@dipindhingrarcicarrivesafe8493]

Can you make a video and talk in detail about Partnership buying? Pros and Cons. What happens when one of the partners want to sell it?

[@akhere4279]

And when one of partner stops paying..

[@Gurujitrader]

😀 this was my face when i saw the video in bell icon, thanks for sharing.

[@gags134]

Initial investment: 80-100K Potential return: 6-7% p.a. pre-tax return Capital Appreciation: Very nominal or even depreciate as per historical pattern Risk: Property staying vacant for even a month can eat into your return by 2%. Cost of repairs No - thank you in terms on investment. If you are moving to city and want to live then a big thumbs up! Rather buy Nasdaq/S&P index fund max out your TFSA and RRSP. Will definitely make more return on it in next 5 year that to tax free.

[@Potatotalkies]

That’s linear thinking, don’t you think? I like to assess Calgary in context of what’s going to happen with oil and natural gas in the next 2 years. We hit rock bottom there 😀 can’t compare real estate with stocks - land is much more scarce.

[@gags134]

@@Potatotalkies Calgary/Alberta is way up from its rock bottom in house prices i.e. 2015-2017. Oil and gas prices will go up in the immediate term (inflation pressure) but not in the long term. Nonetheless being able to buy a house where you live is an amazing journey. Lets come back to this comment in 2-3 years and see how the investment worked out vs any major stock market index. Wishing it will grow as you expect. 👍🏼

[@vickykhinda7748]

And if you sell ur investment property, you have to pay 20-30% of profits to Govt as Capital Gain Tax, this cost I wasn’t aware of earlier when I sold my 2nd Apartment, if No property transfer Fee Good, otherwise consider to pay $10,000-$15,000 extra Taxes

[@gauravthenoddy]

Some things never changes. When Navjot says he can sums up everything in 5 slides (as it’s his FIGJAM) he means it and this videos is one of the example. Vast information but in 5 points. Hats off to you 🙏🏻 #You are the one motivates me #I am that guy you say, is podcast se kisi ek ki bhi life change hojae 😄 You really changed my life and so many others. God bless you always 😍

[@nitin198700]

👍Thanks guys for a detailed video on this. Would be interested to know how to buy properties in partnership.

[@photophilic_spook]

The level of risk you guys are taking back to back is so thrilling🔥🔥! from quitting job to investing in 3+ properties within less than 2 years of landing in Canada. True inspiration for every immigrant out there I wish, I also get this much risk appetite ever in my life🤪🤪

[@Potatotalkies]

You got time 😀 I am twice your age - literally … the way you are going, you will be just fine. Besides, you got front seats to our life 😛

[@mrmrskang2017]

Nice yaar boht acha lga itne sahi se samjhate ho aap log

[@robinmathews1014]

Why not buy stocks if so keen on investing? Or why not buy a commercial property like shop in a plaza etc ?.

[@ramshaamir554]

This is the best and detailed video. Iam watching you from Melbourne and more interested when you mentioned you invest in stocks or funds. I want to know in video how you research that and how you decide that company their financials.

[@Potatotalkies]

We made an entire series on that too.

[@ab8864]

I think you missed out on Landlord Insuarance which can cost you around $150 to $200 per month other than that you have to keep some money aside for wear and tear of property may not be in 1st few years as its brand new but later on yes you have to. So considering all this aspects and you are co-owner it might not be cash positive but you can break even and as a Calgarian I think you have bought this semi detached house quite expensive but still compare to Ontario its cheap i think that's what attracted you. I love the way you make videos and I can relate with you as I came to Canada around same time and Alhumdulillah I have also bought my 1st house with in 6 months of landing. 1 more thing just make sure the property management guys take care of whatever issues happens during tenancy as here I have seen property managers they take around 10% and just act as a mediator between landlord and tenant for collection of rent thats it they don't do Fu***ng any thing else. Sorry guys If I sounded rude I really like what you guys do just wanted you to be cautious with other aspects as well.

[@prabatwal3060]

Great video guys. Keep them coming.

[@yashmakwana6059]

Once again, excellent explanation. Thanks!!

[@koushikkg11]

the new mandate by PM says to increase minimum downpayment for investment property. Hope you are able to still close ur third home.

[@Potatotalkies]

By working hard 😀

[@mpcanada1]

@@Potatotalkies seen you guys growing. I have faith in both of you. They will do it like a piece of cake

[@anildaita]

One another major risk is, getting $2800 rent in an upcoming community in an upcoming city. The rent might break even your costs!! Anyways, congratulations to both of you!!

[@varunnr3122]

Insted of investment in crypto you did a good job investing in properties

[@PriyankaDuggal171089]

Congratulations 🎉

[@piyushchaturvedi632]

Great information ❤️

[@AmanSingh-ko5uw]

Stop misleading the people and overleveraging is not a piece of cake. You invested in Calgary because you did not have the financing to invest in bigger and safer markets. I know your history so buddy keep it clean for people and don't make the new folks in canada loose their money🤨

[@AnkitSharma-ni8sj]

Hi Potato Couple, I have a query that only guys can sort... I had gotten my B.Tech degree evaluated by WES in 2020. Now I have completed a PG Diploma from IGNOU and want to get that evaluated. I have two questions: 1) Does IQAS offer better points for 1 year diploma than WES? Like will they consider it MBA equivalent? 2) My BTech is already evaluated by WES, so if I choose IQAS for diploma, do I upload only diploma there? What do I mention in my express entry profile?

[@REVIEWSONTHERUN]

Interesting! Thank you for sharing it ✌️

[@Dreams-wu7sx]

We are living in calgary, lots of investors are coming from Ontario n BC, now the houses are also over selling here, It seems like it will become like bc& Ontario in a couple of years

[@Singhdiy]

Congrats guys, good that you are getting investment property. Currently i'm just trying to look for a primary residential property in GTA and for sure its too overprized. Its like a catch 22 where if you don't have enough downpayment now then you keep collecting the money and when you have the money the property value increased and you are at square 1. So maybe need to move out to Kitchener or Cambridge now but they too are going up like crazy. I need some therapy now LOL...

[@Potatotalkies]

Be ok with condo too :)

[@Singhdiy]

@@Potatotalkies but condos are not that cheap too, in monthly costs also lol. Down-payment will still be in reach but the monthly costs are then almost similar to a semi or a freehold townhouse (include maintenance costs of a condo) and that's where one thinks why go for a condo and not for a house.. Just need to get down payment arranged. And people here are too much leaned into 2nd mortgage tricks for that. It's just too crazy and confusing.

[@garyminhas3994]

I never thought of you guys as dishonest people. I can't believe that you guys shadow banned a bunch of people who were trying to educate others blindly following your advice. Here is what I tried to reply to comments but I was banned by Navjot: You guys promoted a particular realtor, without mentioning that you will be getting a $2000 commission for each referral (I have many realtor friends and that's their going rate for new build referrals for this neighborhood, especially works on out of province people because residents here know the true value of these homes). Navjot also recently became a mortgage broker, which indirectly promotes his services and fat commission he will be making off of all the people who blindly trust someone because they have the same background as them. My other comments were regarding the location and unrealistic rental income for the deep SE area. This comment probably won't be public or will be deleted by them lol

[@rohanutep81]

🤣

[@Potatotalkies]

Won’t delete it. It’s good to have proof of all the cynicism around this and come out winning in 10 years 😀

[@canadianjatti]

I saw your previous comment...also you are underestimating people. Very few people would blindly follow anyone let alone strangers on youtube. They are providing their experience. Even if I wanted to purchase here I already have my own realtor and finance contacts so I would just go through them. There is nothing here that is compelling me to deal with them...

[@karangill7637]

@@canadianjatti u r wrong dear people's esp punjabi their blindly follow all these youtubers advise and their life style. I had many friends who r new immigrants alway talking about these youtubers what their bought how their dress who wedding. The viewers r addict to them and blindly think their r part of their life.

[@ishitasingh5330]

@@karangill7637 not only punjabis but mostly desis especially new comers blindly believe and treat youtubers as god

[@dp7414]

2800 dollar rent pe you are not paying any govt tax there on rent earning and what about damage of property which tenant do you not calculate including maintaining building and white wash exp so overall zero profit seems to me may be I am wrong but please clarify

[@sabmultani669]

Very informative video. Thanks

[@sanyemjain4147]

No doubt , You both are the best😊😊

[@tejindermaan9551]

Nice explanation god bless you both.

[@souvikghosh2033]

Much informative. Will surely contact you once m in buying market

[@rashmikajani114]

Congratulations to both of you

[@nachiket26]

good but just cash out if u get more than 100% on your kitchenor property and buy a same property with that profit in calgary. live in a rented condo with the rent

[@ankitaahuja111]

Simran your curls look good.

[@zoe_universe82]

What about the insurance ? Who pays for the utilities ? Are they not a part of expenses ?

[@canadianjatti]

insurance is like 70 a month...the tenant has to pay the utilities

[@muhammadqasim8735]

Hey nice video. I was wondering why you guys didn’t add home owner insurance and rental income tax to your calculation ? Is it still profitable after including these two

[@chandershekharbhardwaj1424]

Dear PT- again a very nice informative video. Simran is wearing a black tshirt with potato couple print, why not potato talkies couple. Your vlogs are famous in that name only. Be blessed stay safe.

[@saurabhbhambhani4690]

valuable infomation . Thank you

[@sunpeep3178]

can u explain how did u get your mortgage licence and the brokerage you working with now

[@rohan2687]

Be grateful if you have a roof over your head. There are many people who are homeless.

[@mpcanada1]

Congrats ji, Could you also make a video on paying taxes on the rental income when you work full time and it adds up into Gross income. I hope my question makes sense.

[@Potatotalkies]

Sure

[@hotelior8]

Please touch base with Job opportunities in Canada, how to apply , consultants what shud one do to fetch a job, buying a house is also important but getting a good job is the priority.

[@sunitaduggal3290]

Excellent..keep it up 👍👍👍👍👍

[@swatibathla9442]

We registered for a call on Sunday. just a reminder.

[@Potatotalkies]

Trying to get to all. Hope you registered for the webinar.

[@vancouverdiaries738]

Excellence in planning navjot bhai

[@gauriarora7397]

One bedroom basement in Calgary are 800 including utilities

[@cooper.golden.retriever5454]

Might want to account for property insurance as that is significantly expensive in Calgary and a fixed expense.

[@canadianjatti]

untrue...im in calgary. It would be about 70 a month for them as it wouldn't include contents. the tenant would need their own contents insurance.

[@arsalanumer2032]

Very informative, helpful and interesting video;it really gives good idea and useful advises for new comers who are interested in property purchase in Calgary. What is your opinion and advise for individuals who are willing to buy an investment property in calgary similar to yours on cash with full payment upfront, will there be any advantage on buying a property on cash? How it would differ and make impact on ROI copare to those who buy propertt on mortage. Your feedback and would be appreciated

[@Lj22]

How much do you guys make per year? Trying to see how you can get that much savings in one year to close two houses…kudos to u. But share the details may inspire few others

[@karanvirsingh3383]

You guys are best

[@biographychannel5094]

Amazing knowledgeable video

[@mohitsagar6103]

Does the mortgage approval have to be from the same province of the property. Looking to buy a property in alberta from Ontario.

[@Potatotalkies]

Depends if the mortgage agent is able to work out of province or not :)

[@HarpreetKaur-te1dr]

Hi, I need to know how much should we get in IELTS for PR.. Need ur help here

[@canadianfrozensoul]

Good videos 👍

[@thevineetmishra226]

Congratulations on your investment. But this property is a negative cashflow property. Following BIG expenses you missed out 1. Tax on your rental net income 2. House insurance that you must need to take 3. Current Mortgage rate is 2% if you fix it for a year, but this interest rate will go up for sure. A season invester consider past 10 years avg interest rate in calculation which is 4.5%. 4. Sometimes it takes couple of months or more to find tenants and for that time you won't be getting any rental income. You should always consider 11 months rental income (not 12 months) 5. Its highly recommended that you should take tenant property insurance. You never know when an angry bf will break your door during a fight with his gf which happens to be your tenant. 6. Although this property is new but after 2 or 3 years you need to put avg $2000/year in property maintenance. So this is a NEGATIVE cashflow property. You need to put additional approx $5000 per year from your pocket on this investment property.

[@vipinsavai6008]

Your did not talk about the rental market in Calgary which is as fluctuating as the house cost. Rents also fluctuate from good times and bad times.... Which means recurring income is not guaranteed. Next is with such investment purchases will soften the rental market and rent will possibly go further down in the next few years as many such investment properties will be adding to the market.

[@Potatotalkies]

Sure - the vacancy rate in the area is 4.2% Pretty good I would say! There are risks. But then realestate is not for everyone 😊

[@vipinsavai6008]

@@Potatotalkies ... Agreed. Seaton area is good. Renting is not a problem. Since I m living in Calgary for 16 years now ,I have seen my apartment (in good location) fluctuate from 1800$ to 1300 $ within 3 years. And now with little boom in Information technology it's gone up again to 1600.....I just wanted to point out it could be a break even investment of you only want to get on rent... It could be a lesser return of you wait for appreciation. And I agree real estate investment in such a market needs a risk taker n not everyone's game.

[@Potatotalkies]

@@vipinsavai6008 👍👍

[@robinmathews1014]

Why not buy a commercial property ?. Why buy a house as investment property

[@shubhamchugh4480]

What happens once the central banks across the world start increasing the artificially low interest rates to? The biggest blunder is to buy something at the peak of its popularity, real estate, stocks and almost all assets are inflated thanks to the artificially low interest rate, mortage rates and money printing. Cautious times

[@archanarajendran584]

Just a kind request from my end..Please put English subtitles for those who don't understand Hindi . Btw I can understand to some extent as you're using English in between..

[@garrydhaliwal5137]

What about insurance ? You didn’t calculate home insurance cost in it ?

[@debjeetsarkar5423]

Hi navjot and simran , I have been following you guy from the start keep up the good work , I have a small request if guys can do a research about colleges or universities and which gives admission to PPL who have been working for 10 year which 50% score in graduation and 6,5,5,5 score in IELTs would really helpful to lot of people Thank you , keep up the good work