Investor · Brampton, Ontario · Member since 2016 · 21 posts · 4 votes
Hello,
I am fairly new to BP, but not new to real-estate. There's a WEALTH of invaluable knowledge here on BP and I'm hoping to get some advice from fellow members.
I'm a Canadian from Toronto looking to expand my portfolio in the U.S., either in New York, Buffalo, Niagara, since this area is about a 1.5hr drive for me. I am in discussion with another BP member from Florida on the market there but I was hoping if a fellow member can recommend a wholesaler they've worked with to help me with my first investment. Eventually, once I can get my feet wet in a closeby area, I would like to expand to other part of the states for another property, likely a multi-unit apartment.
I am primarily looking for a small 2 bed house to buy/hold at the moment. Hope fully this person has helped other Canadians in the past and can get me in touch with a good cross-border accountant/lawyer/property manager.
Rental Property Investor · NY · Member since 2013 · 844 posts · 350 votes
10y
@Daljeet S.@Mark Ferguson has a great podcast interview from another investor from Canada who bought several properties in Florida you should check it out.
Investor · west seneca, NY · Member since 2014 · 376 posts · 211 votes
10y
hello daljeet. please check out my profile. as you can see, i am a real estate investor and a home inspector in the buffalo area. i have been doing this for quite a while in the buffalo area. i think the market is great, however, if you don't do your " homework", you can get hurt. i know of a couple of properties out there right now, and i always seem to have a " knack" for finding others. please keep in touch if you are interested.
I'm a Canadian from Toronto looking to expand my portfolio in the U.S., either in New York, Buffalo, Niagara, since this area is about a 1.5hr drive for me.
Hey Daljeet,
Congratulations on embarking into the US market. Are there any other reasons why you chose Buffalo?
If not, you may want to consider another city. Buffalo's population has been in decline since the 60's and most of the infrastructure is heavily run down.
The US market is huge and you have plenty of great cities to chose from. If you're looking for cashflow I suggest taking a look at Indianapolis, Jacksonville, Kansas City, or Memphis.
@Eric Delcol I am actually open to New York as a whole, anywhere within a 2-3 hour driving distance from Toronto to be honest. I would prefer my first property in the states to be close because I know I'll have to and want to make a few trips down even with a property manager. Once I get a hang of it, I would definetely invest in other parts.
Real estate investing · Jacksonville, FL · Member since 2015 · 91 posts · 24 votes
10y
Hi Daljeet, I am originally from Rochester, NY and saw your post. I reside in Jacksonville, FL and would love to hear more about the type of properties you are searching for. Welcome to BP!!
Rental Property Investor · NY · Member since 2013 · 844 posts · 350 votes
10y
@Daljeet S.@Mark Ferguson has a great podcast interview from another investor from Canada who bought several properties in Florida you should check it out.
@Daljeet S.@Mark Ferguson has a great podcast interview from another investor from Canada who bought several properties in Florida you should check it out.
Thanks for the mention. That was anil walia who I interviewed
Investor · Brampton, Ontario · Member since 2016 · 21 posts · 4 votes
10y
To be honest, at this point I am looking more to setup a team of one or more of accountant, lawyer, property manager, real estate agent/wholesaler, by getting a 80+k SFH/MFH, once I am comfortable with my first investment in the U.S. I am looking to purchase 2 x 30+ unit apartments in the near future.