Investor from Stoney Creek, Ontario

8 Replies

Hello everyone,

A friend of mine told me to listen to bigger pockets on my podcast last week and I've been listening multiple times a day ever since. I am a beginner investor, with one tenanted single family home. I am looking to expand my portfolio slowly this year as I just purchased my first home for primary residence and I am quite busy settling in currently.

I look forward to connecting with some local like minded individuals!

Hey Robin, welcome aboard :)

I love your area for investing, I wish I were closer. My sister-in-law has seen absurdly high gains in appreciation just down the road in Beamsville, but that whole stretch of highway is just exploding with new development. 

You have many options either down the QEW or up in Hamilton.

Looking forward to chatting with you further!

@Robin Valadares

Welcome. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul 

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Thanks Matt, Paul and Giuseppe for your messages. I'm very excited about the area. We just closed a few weeks ago and we are undergoing some renovations to make the space are own. Once that's finished and the wedding is over ( yes, it's a busy year), I'll be in full gear to start delving into some deals. However, I am still reading and trying to learn everyday about the world of real estate investing.

Paul thanks very much for the pointers and those areas of further research! I will get into those shortly.

Giuseppe, we are completely opposite, I have a rental property in Ancaster and am currently residing in Stoney creek. I would love to speak to you more about the Hamilton area and possible opportunities for investors.

@Samuel Sedore

I've been looking at the area for the last 16 months to buy our primary residence and have noticed a 5-7% appreciation. It is dependant on the area of Stoney creek, there is more appreciation near the water than there is on the escarpment side. Those are my estimates but they aren't exact. @Giuseppe Pavone might have a better idea On the specifics.

I don't own any rental property In the area yet so I cannot comment on cash flow

Thanks I know it's a lovely place to live. 5-7% is not bad at all either. If you would like some contact info for investment realtors in Hamilton I know a few feel free to reach out.

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