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.
Welcome aboard Stephen, plenty to read and learn here. Enjoy the ride.
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!
welcome aboard, If you have questions dont be afraid to ask
@Stephen Fryer welcome to BP. Glad to see another Canadian on board. Good luck with all your investing!
Welcome to the site, Stephen! I see that you're new . . . have you closed any deals yet? You said you want to focus on foreclosures for buy and hold. Do you have any markets in mind?
@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!
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.
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