Looking to chat over coffee or drinks! Or maybe a spiced pumpkin latte since its all the rage?
Sure. Maybe would could get together sometime.
That woould be great! I wonder how big the community is on here? Missed the OREIO event this month but maybe I could attent next month! Do you know of get-togethers that happen locally @Jim Pellerin and @Janek Koza?
I see this post is more than a few months old but I figured I would reach out anyways. I am brand new to real estate investing in Ottawa. Just wondering how you guys are finding the market and if you had any success in connecting with one another. Coffees on me if you are interested in getting together to chat. let me know!
I am just getting started in the flipping market, however, I already own a kitchen and bath design company and would be interested in working with those that have already begun.
I am interested for sure! Let me know when and where and I'll do my best to make it happen.
let's do it!
I am helping to organize a Cashflow/Networking event here in Ottawa. Good opportunity to get out and talk/ask about real estate. And just to hang out with some like minded folks with food and drinks. It is coming up on October 4th. Hope you can make it. And feel free to invite others.
It's being organized through Meetup.com. Here is the link:
Awesome! See you guys there.
Hi, I just joined BP in hopes of getting some information on any seminars and meeting more people in the area that are new to investing. I still haven't bought my first property but have been doing the calculations on those for sale close by that I am interested in and everything is bringing in a low cash flow if any.
I was wondering if you guys typically buy in Ottawa core, or if you go more towards Kanata or Rockland area.
@Paige M. - It really depends on what suits your profile. Core is expensive obviously and the more father you go prices usually drop. It is purely personal interest and where you find the deal. But as they always say Location, location location so make sure you buy in a good area specially if its your first property.
I live in toronto now and have a 2 condos I am renting now. I have a fulltime job and are new to realestate investing.
I am moving to Ottawa and been thinking about selling my properties in Toronto and buying a multiplex (2-4) units or single family in Ottawa and rent it out. I have a place to stay for relatively cheap. Is it possible to have positive cashflow? I know it was almost impossible to do this in toronto now just because of the high purchase price. Thanks
@Brook Azezew - What about your properties in Toronto. If they are cash flow, don't touch them. Every time you sell, you loose 6-7% . There are may properties in Ottawa that are cash flow +ive. I recently bought a 4-plex with double digits CoC !
Ottawa market is still undervalued.
I would love to hear more about this 4-plex you purchased! What area in Ottawa is it? Did you find it on MLS? Is it purpose built? Is your cash on cash return based off a 20-25% down pyt? Or were you able to change the use/ force the appreciation and pull cash out?
Any insight into this deal would be greatly appreciated.
Thank you for the advise. Of my properties in Toronto, both are cash flow positive. My plan was to use the proceeds from the sales to buy in ottawa. Also, the properties in Toronto are condos and I wanted to get out of condos and own single family or multiplex.
But you have to pay capital gains + 5-6% in selling fees, so it wont be worth it. Just refinance them if you have built enough equity
CoC is based off 3% rate with 20% down. Its in Vanier and found on MLS. I mightn't be able to pull cash for a year but certainly it would be appraised for much higher than I bought it for.
Sounds like an awesome purchase!
@Haseeb, This wouldn't by any chance be the 4-plex on ethel st that just sold would it? If it is, I have many many questions I'd like to ask you.
Hey guys beginner investor here in the Gatineau/Ottawa area looking to learn and connect with investors! When is the next meetup?
Hey Everyone, new on here so will put some life back into this post. I am looking at a few options at the moment and would like someones experience comparing investing in Ottawa vs Across the river (Hull).
Would be great if someone could chime in their experience.
@Ryan F. _ you got it right. It's the one. Inbox me and I will try to answer your questions
There is one tomorrow - 8th Feb > here is the link
@Gurupdesh Dhaliwal Quebec looks good on papers but I have heard mixed reviews because of extremely favorable rules for Tenants
Is anybody still active on this forum? Other than the local OREIO meetings, I was wondering if there is a regular real estate/bigger pockets meeting in the city?
I'd like to bring this thread back to life! I've been investing in Gatineau and can give some insight based on my experiences in the area.