New from Toronto looking for cash flowing multi unit properties?
Hi I’m a real estate agent and developer in the Toronto area looking for cash flowing multi unit properties in the GTA or outside (Waterloo, Hamilton, London)I look forward to networking and meeting with like minded people!
Good luck. The property prices in the GTA don't favour investment for cash flow. The numbers don't make sense. As a general rule you want to get about 1% of the property value in rent per month. I haven't seen that in the GTA or Southern Ontario in decades.
Hi Jason Lau - you can find that in KW with 20% down. I own a duplex like that which cashflows positively.
@Jason Lau I'm investing in Cambridge, there's a few neighbourhoods there that work if you can get 3-6 unit multifamily. Try looking in the west Galt area. That south end of Cambridge market in specific is heating as Torontonians realize they can by a house for less than $500k, in a city, less than 20 minutes to GO.
@Jason Lau It will be a tall order. Except you look at the appreciation or speculative side ..
@Roy Cleeves let me know if you see anything that makes sense! Dm for email
@Dustin Plett thank bud I’ll check it out