Ottawa and SFH Investing w/ Nick Kyte

Ottawa and SFH Investing w/ Nick Kyte

Why would you pull your capital and deploy it in a different country? Why Ottawa? Canada, our neighbors to the north, have a lot of opportunities presenting themselves in 2021. My guest this week is Nick Kyte of Coldwell Banker First Ottawa Realty. We discuss the Canada markets, the differences in the process, short term rentals, and second/retirement homes. Nick is a great resource for anyone looking into the possibility of investing in Ottawa or Canada.

Key Points:

Nick’s background (0:40)

Canada as a safe haven, and the 3 major centers of influence (1:37)

What’s unique about luxury real estate in Canada? (4:55)

Nick explains the differences in the process for foreign investors (6:25)

There are some differences in the process between purchasing in the US and purchasing in Canada (8:29)

Commercial purchases in Ottawa (10:43)

Short term rental market update (11:39)

Are secondary properties more risk or more opportunity? (12:59)

Landlord tenant laws in Canada (15:36)

Resources for researching investing in Canadian markets (17:39)

How Canadians stand out (23:02)

Resources:

Nick’s website – https://nickkyte.com/main

Nick’s LinkedIn – https://www.linkedin.com/in/nickjkyte/

Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/

Learn more about The Haney Company here – https://www.thehaneycompany.com/

Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050

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Passion is an understatement when it comes to Christopher Mills and his desire to help families and family owned businesses. Chris has over 15 years of real estate experience as an investor, and has experience as a loan originator, property manager, and an agent. At The Haney Company, Chris specializes in working with individuals and organizations who have or desire real estate holdings and helping them map out and achieve their financial goals. His real estate experience helps him address the complexities and opportunities unique to real estate investors. His specialties include alternative investments, 1031 Exchanges, and liquidity solutions. Working closely with members of The Haney Company, attorneys, and CPAs, his clients are able to benefit from a comprehensive approach to each individual situation. Chris is the author of Legacy 101: A Practical Guide. He lives in Northern Virginia with his wife and 3 children. In his free time, he enjoys gardening, hiking, cooking, and classical music.