Hello from Canada eh.

8 posts by 7 users

Medium 1399666096 avatar neorei Stephen Fryer
Investor from Ottawa, Ontario
55 Posts
22 Votes
2 Awards

Stephen Fryer

Investor from Ottawa, Ontario

Jan 19 '13, 08:41 PM


Hi everyone. My name is Stephen and I am a neophyte REI from Ottawa, Canada.

I first started looking to invest in my own back yard, but found that the market was too hot, making it difficult to generate positive cash flow. Now I am investigating the U.S. looking for foreclosures that I can rehab, rent out and then refinance to get my capital back. I am open to suggestions about emerging markets, resources to find deals and sources for financing (I am pretty certain that I will run out of $$$ at some point).

Looking forward to interacting with you all and learning lots.



Medium 1399656989 avatar david n David Niles
Buffalo, NY
615 Posts
148 Votes
4 Awards
Medium 1448398348 avatar brandonatbp Brandon Turner
Investor from Montesano, WA
12483 Posts
2400 Votes
18 Awards
Medium 1399606072 avatar matpiche Mat Piche
Kitchener, Ontario
1 Post
0 Votes
0 Awards

Brandon Turner Verified Video

Investor from Montesano, Washington

Jan 19 '13, 09:14 PM


Welcome to BiggerPockets @Stephen Fryer! We're always glad to have you Canadians here (like Mat Piche!) Definitely jump into all the great stuff here. Ask questions anytime and be sure to check out our new (yet unveiled and unfinished ... but almost done) Start Here page!

Thanks for introducing yourself!



Medium fbprofileBrandon Turner, BiggerPockets
E-Mail: [email protected]
Website: http://www.BiggerPockets.com


Medium 1399600648 avatar scott1961 Scott Williams
Real Estate Investor from Vancouver, WA
78 Posts
20 Votes
3 Awards
Medium 1399663636 avatar majura Marc Ramsay
Investor from Coquitlam, British Columbia
239 Posts
78 Votes
3 Awards

Marc Ramsay

Investor from Coquitlam, British Columbia

Jan 19 '13, 10:20 PM


@Stephen Fryer welcome to BP. Glad to see another Canadian on board. Good luck with all your investing!

Marc



Marc Ramsay, Majura Investments Ltd
E-Mail: [email protected]
Website: http://www.majurainvestments.com


Medium 1448399064 avatar biggerpo Joshua Dorkin
BiggerPockets Founder/CEO from Denver, CO
16027 Posts
4123 Votes
23 Awards

Mat Piche

from Kitchener, Ontario

Jan 20 '13, 07:14 AM


@Stephen Fryer - Ottawa is a bit of a tricky market to get positive cash flow. If you're still looking to invest in Canada, feel free to contact me. I am a realtor specializing with investors in KW/Cambridge (Top 6th town to invest in Canada according to REIN). I have a whole team here to take care of your investment. Talk to you soon!



Stephen Fryer

Investor from Ottawa, Ontario

Jan 20 '13, 07:30 PM


Thanks for the warm welcome. Look forward to connecting with everyone.

Josh you asked if I had any deals yet or had identified a market. At first I thought that I would investigate some of the sexy (warm) markets, but found that prices were a little higher for multi-family units. I was searching for duplexes, triplexes and quads. Some of the emerging markets in the north appear to have better value. I am certainly open to suggestions.

Stephen



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