register | confirm account | forgot password
Veronica Palin
First Place Realty
3916 - 1 Street NE, Calgary, Alberta
P: 403 819 1399  F: 403-592-8081
Photo and business card details widget
Veronica Palin
Agent Photo
TelephoneOffice Phone:
403 819 1399
TelephoneMobile Phone:
Email MeEmail:
MLS® Search Button
Button advertising your MLS® Search page
Map-based MLS® Search
Home Evaluation Button
Button advertising your home evaluation feature
Home Evaluation
Latest Blog Button
Button advertising your blog

Revenue Property – The Palin Story

My father bought 3 houses at key locations in Calgary in the mid-60’s. He did so to offer financial stability and protection to his wife (my mom) and two daughters. It did offer us security, and although it was particularly difficult on my mother managing a couple of mortgages in the late 70’s, she did it. It was then that I started to see how contractors handled projects and how much work it is to own rental property. More importantly --- how it can pay off big time!

Through the years I’ve bought, renovated, and maintained a variety of houses.  I’ve learned how to effectively communicate with all types of contractors who renovate older homes.

In 2001, I leveraged my family home to purchase a bungalow in the northwest … an area where all of my friends moved to in the 70’s – bigger homes on bigger lots. Moving up from 2 storey, 1910 homes on 25 ft lots to bungalows with basement (sometimes suites)  that were well built in the late 40’s, early 50’s when wood was inexpensive  on 50 foot, dividable lots.

Profiting during the boom, I sold in 2006 and purchased a condo in Sunnyside – 2 bedroom 900 ft2.  This property is intended to be a starter home for my son Michael (who works with me today) . He can use the equity to leverage a family home one day. It’s a pretty awesome empty nest home as well.

If $1500 – $2000 is what you pay in rent now, why not use it toward a mortgage.

In 20 years, you will gain in 3 ways:

  • Reducing  the mortgage
  • Increase in home’s value due to inflation
  • Tax free money upon sale

If you’re adventurous and can handle a 2nd home either as a rental or for assisting your children in a real estate investment, then a few different options may work for you



Again, it’s all about location, location, location… where people will frequently need to rent (ie. U of C/Downtown) , square footage of property (how many bedrooms, bathrooms etc. ) and renting every part that’s possible (including garage).  Parking is a critical element to know, so that neighbors will not be disturbed by your tenants.    2 bedroom apartments , bungalows with basement suites, duplexes – these are all good choices.

Mortgage Support  for your adult children

If they can get the mortgage paid through roommates, friends, etc. it makes things way easier.  Again the location is very important in case resale is on your agenda in the next 5-10 years. 

For rental purposes, well appointed and maintained bungalows with upper and lower suites can fetch 1500/mo in rent (plus the tenants will pay the utilities and often look after the yard!)

Commercial Real Estate investing usually requires group pooling of monies to get the best ROI.  For now, I currently offer residential real estate and its much less complicated.

If you like the way I think, please let me know your thoughts…I’d like to add them to the blog. Drop me an email or give me a call if you like. I’d be happy to brain storm with you on your real estate needs for today and into the future.




2320 erlton street

Click Here to veiw more sold Listings


Contact Me today and begin your Calgary real estate experience. I look forward to serving you.

Photo and business card details widget
Michael Palin
Agent Photo
TelephoneOffice Phone:
TelephoneMobile Phone:
Email MeEmail:
Free Form HTML
Widget that allows you to enter free form html.
Real Estate Links
This site's content is the responsibility of Veronica Palin, licensed Salesperson(s) in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2019, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker