Finding That First House to Flip

[Chris Bellissimo]

I really don't know if I am being picky or if the houses don't seem they will allow me to profit from them. Sometimes I am looking at a house, ask the realtor to check comparable sales in the area and I get a response saying sold conditionally.

Man, is it ever tough. 

I live in the Greater Toronto Area and I feel that profiting Less than $20,000 is not worth the flip. Any advice or words of encouragement would be great.

Thanks,

Chris.

[Ming Lim]

@Chris Bellissimo - Exactly what Luc said, and if you're looking to flip within Toronto itself, much more capital intensive. The numbers don't make sense on small renovations here in the core of the city. All the flips we do with our clients, are pretty intense - adding GFA (gross floor area) through extensions, additional floors and / or full interior guts. 

Both Luc and I run meetups in Toronto (I believe their the #1 and #2 meetups now eh @Luc Boiron?) where I'm sure you would be able to meet successful flippers.

Hope that helps!