Investing in Calgary foreclosures has to be one of the best things that Joan and I did in the last 10 years or so that we’ve been investing in Calgary properties for sale. We came into investing in Calgary bank foreclosures purely by accident. And what a happy accident it has turned out to be. If you’ve been following my blog so far you know that along with my wife, I’ve been investing in the Calgary real estate market for about a decade.
You’ll also know that those first 5 years I thought I was a real estate investing guru. House prices in Calgary were just continuing to go up. You practically just looked at a house in Calgary admiringly and you could sell it the next day for a profit. We were on track to retire at 55 in a mansion… or so we thought.
Then as you know, the economy took a nosedive about 2 years ago. I was finding it hard to find good prices, and finding it hard to justify buying Calgary homes for sale that were, in hindsight, ridiculously priced. But I did it anyway and I got bitten. A few houses were bought and we started drowning in them almost as soon as we signed on the dotted line.
We sold a couple for losses. One for a loss of $10k and the other for a loss of around $20k. A third we’re trying to nurse back to life. This took the wind out of my investing in Calgary real estate enthusiasm. So we decided to take some time off from buying properties. It didn’t last long because we had a friend convince us of the beauty of investing in Calgary foreclosure properties. And boy did this turn us around.
There’s a guy in Vancouver who has developed this terrific course and program on helping you find bank foreclosures in Calgary, or Vancouver or Edmonton. It is a brilliant set up he’s developed and it’s put us firmly back into the investing game.
Aiden is his name. A very unassuming young man who has done extremely well in investing in real estate foreclosures. I’d highly encourage you to have a look at his program. In our first Calgary house foreclosures investment through his program, we made well over ten times our investment in his program.
Every week you get Calgary foreclosure listings that are oftentimes dozens and dozens of great Calgary homes for sale. Along with this is a complete course on how to go about investing in Calgary foreclosures. Our friend who introduced us to foreclosure homes in Calgary is making an absolute killing. We’re doing okay too. In the almost 2 years we’ve been doing this now, we’ve managed to make around $50k selling 2 Calgary foreclosure properties that we had previously bought.
The great thing with Aiden’s program is that the Calgary foreclosure list is city wide. So it doesn’t matter which part of the city you live in, you’ll have your pick of Calgary foreclosures. In fact Joan and I don’t imagine investing in Calgary properties any other way than through Calgary foreclosure sales from now on.