My name is Alon, I currently live in Toronto, Canada. I am looking to start out in real estate investing and am excited to join the community and interact with other members. I am hoping to purchase some rental properties and create some passive income with the hopes of financial freedom.
I know this is an American based real estate site, but I am hoping that I may find some folks that are purchasing properties in Canada, although I plan to purchase some real estates in the US as well.
Hoping to start out small - single family homes and then move to small apartment buildings to build some decent income.
Hi @Alon Rokach ! Welcome to the BiggerPockets family! You came to the right place to learn all about real estate investing! Here are some recommendations for you:
Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet
Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast
Thanks for the response. I have already started listening to the podcasts, they are great!
I will check out the other things you mentioned.
The meet option requires a pro membership?
Lots to learn. PM me if you have any questions.
Make it the Canadian dream! Good luck to you brother!
Pod cast and books!
Joe fairless podcast
Hunter Thompson podcast cash flow connection
Passive real estate investing podcast (first 10 episodes or so)
ABCs of real estate investing book was very helpful in starting out @Alon Rokach
Thanks Ellis for the tips!
I actually think I will only buy a one or two properties here and then buy in the US. I've been to San Diego...it's such an amazing city...how is the market there? Toronto market is untouchable...but the surrounding cities have some good opportunities.
Do you buy real estate in Toronto? The market is way too hot here!
@Alon Rokach San Diego is a great place to live and a great market to invest if you get the timing right! Not a market you want to come to at the moment if you are looking for passive cash flow.
You need to be boots on the ground and doing significant value add plays for that.
But historically in SD (like a lot of CA) it has been a huge wealth builder for investors who bought low and sold high (huge surprise lol).
@Ellis Hammond do you know any people that have bought properties in Joshua Tree? I know that when I was looking at properties for airbnb that Joshua tree was mentioned as a great location. I know properties there are reasonable.
I do not @Alon Rokach
JTree is also considered the desert.
I’m sure there is cheaper housing there but pretty far from any main industries.
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