Beyond the Pension: Why Edmonton First Responders are "House Hacking" Their Way to RetirementAs a first responder, you’re playing the long game. You’ve got the LAPP (Local Authorities Pension Plan) or a similar locked-in retirement path. It’s a great safety net—but in today’s economy, a safety net isn't the same thing as a
wealth engine.
During my eight years on the front lines, I saw two types of veterans: those who retired and lived on their pension, and those who retired and lived on their
terms because they bought property while they were still in the hall.
The "Second Pension" Strategy
In Edmonton, we are in a unique position. Unlike Vancouver or Toronto, our entry price for real estate is still accessible, and our rental market is hungry. For a fire fighter, real estate isn't just a home; it’s a
second pension that you control, not the government.
Why Your Career is a Real Estate Cheat Code
Most people struggle to get into investment properties because they lack the "Three Pillars." As an Edmonton first responder, you likely already have all three:
- Pillar 1: Provable, Stable Income. Lenders don't just like your income; they crave it. Your T4s are essentially a "VIP Pass" to better leverage.
- Pillar 2: The "Trade" Mindset. I know how many of you are handy. Whether you were a carpenter before the academy or you’ve picked up Reno skills on your 4-off, your ability to spot a "fixer-upper" and add sweat equity is a massive profit multiplier.
- Pillar 3: The Hall Network. Some of the best off-market deals come from the kitchen table at the station. When you’re ready to buy or sell, you have a built-in network of trusted peers.
The "4-on-4-off" Advantage
While most investors have to hire property managers or contractors for every minor leak, you have the flexibility to manage your portfolio during the week. That "Tuesday at 10:00 AM" freedom allows you to oversee renovations or vet tenants when the rest of the world is stuck behind a desk.
Stop Waiting for "The Right Time"
The "right time" was ten years ago; the second best time is today. Whether it’s buying a bungalow with a legal basement suite or looking into a multi-family flip, I’m here to help you run the numbers.
I’m not just looking at your debt-to-income ratio; I’m looking at your
career trajectory. I know how your overtime shifts count toward your qualification and how to present your unique pay structure to lenders so they see the full picture.
Ready to start building your second pension? Need help with a Mortgage? Call Garett Martin – TMG | Mortgage Associate
403-915-1025 Book an appointment at www.MortgageHomesDaily.ca