3 Locations to Invest in Toronto Area
Hi BP Community,
I'm looking for expertise from those who know the Toronto and surrounding markets. Specifically, I'm searching for distressed properties/sellers where we have an opportunity to force appreciation within 4 months, drive positive cash flow within 1 year, and have the ability to recapture principle investment within 36 months.
Based on Brandon Turner's description of the 3 things you need to invest in real estate (1. knowledge, 2. money, 3. hustle), I have the 1 and 2. I am dedicated full-time to endeavours outside real estate, but want to add real estate to my portfolio. I'm trying to figure out where I can find properties that fit my target (obviously outside Toronto core). Also, any suggestions on where to network to find people/partners who can source deals and manage the rehab for a piece of the action?
Look forward to your insights!
Jon