I am a new real estate investor who lives in the Toronto area. Given the current circumstances with the virus, I am wondering how many of you are holding up.
Also, I am torn on what would be the best approach given the very hot Ontario real estate market for a newbie. I have about 100k saved up and I am open to investing in any area within a hour of Toronto. If you where in my position what would you do? Buy rental property? Flip? BRRR?
New to Real Estate · London, ON · Member since 2019 · 33 posts · 13 votes
6y
@H Faryabi
Welcome to BP! I am also a newbie investor from London who is excited to jump in as soon as this situation has settled down a bit. Let me know what strategy you end up choosing!
New to Real Estate · London, ON · Member since 2019 · 33 posts · 13 votes
6y
@H Faryabi
Welcome to BP! I am also a newbie investor from London who is excited to jump in as soon as this situation has settled down a bit. Let me know what strategy you end up choosing!
I am from Niagara, and most Landlords are holding up around here ok, well the ones that didn't go all in for AIRBNB anyway.
Flip's are tough in this part of Ontario, we have a lot of competition in a very small geographical location, but not impossible.
What style of investing have you researched the most? I would say go with that. There is no right or wrong way, rather which way do you have the most knowledge.
In the coming months we may see buying opportunities, definitely keep an eye on the market. This could be a tipping point for some Landlords that may have been just on the edge of wanting to get out of the biz.