Investor · Toronto, Ontario · Member since 2016 · 28 posts · 4 votes
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?
There are so many groups in the gta. Volition, Sara Larabi in Burlington, Quinton in ajax area. Luc downtown. Monica at the bayview golf club. Gary and chris at smart home in ajax
There are groups with hundreds of other investors. Once you have a few properties, everyone hits the credit wall. So there are always people looking to jv with someone who still has money and credit. You won't have a hard time finding someone to partner with.
Appreciate the Volition shoutout David! We specialize in making Toronto-area properties work and have access to properties as well as individuals who can offer the 'hustle' on a JV. We're also working on an investment vehicle launching in Q2/Q3 for those who have the money and expertise with the desire to invest in Toronto real estate but have limited time or competing priorities and prefer to hand the hustle to the experts.
We're running an online Masterclass on Jan. 30 that teaches the fundamentals of investing in Toronto including turnkey and value-add triplex conversion strategies, and it's a great opportunity to network with like-minded investors. It was held in person at Ryerson last year with over 100 attendees, and we are doing our best to maintain the same level of engagement and connection on our virtual platform: https://www.biggerpockets.com/...
Rental Property Investor · Toronto · Member since 2018 · 126 posts · 106 votes
5y
If you have money but no time to look for real estate deals, just go to any real estate seminar or group in the gta. Stand up and say, i have money, and there will be a line of 20 people approach you, asking you to jv with them on a deal they are working on. Good luck.
Rental Property Investor · Toronto · Member since 2018 · 126 posts · 106 votes
5y
There are so many groups in the gta. Volition, Sara Larabi in Burlington, Quinton in ajax area. Luc downtown. Monica at the bayview golf club. Gary and chris at smart home in ajax
There are groups with hundreds of other investors. Once you have a few properties, everyone hits the credit wall. So there are always people looking to jv with someone who still has money and credit. You won't have a hard time finding someone to partner with.
Specialist · Toronto, Ontario · Member since 2012 · 2k+ posts · 891 votes
5y
When your talking about forced appreciation that means you are targeting multi family. They are definitely a hot commodity in the GTA and surrounding areas and a lot of hungry investors that will jump on any deal. I came across a 15 unit building for $750k in Niagara region and it was snatched in hours. It was a gut job but once fully renovated the $50k a unit you paid will be at least $150k. Whoever bought it would recapture their full capital upon a refinance after full occupancy. Its so much easier to work on a partially occupied building vs fully occupied as you want to reno vacant units to maximize the rent potential. Also now that Ontario doesn't allow rent increases you can set the rent for these vacant units at a comfortable price where the assumed tenants you are not allowed to make any adjustments yet..
There are so many groups in the gta. Volition, Sara Larabi in Burlington, Quinton in ajax area. Luc downtown. Monica at the bayview golf club. Gary and chris at smart home in ajax
There are groups with hundreds of other investors. Once you have a few properties, everyone hits the credit wall. So there are always people looking to jv with someone who still has money and credit. You won't have a hard time finding someone to partner with.
Appreciate the Volition shoutout David! We specialize in making Toronto-area properties work and have access to properties as well as individuals who can offer the 'hustle' on a JV. We're also working on an investment vehicle launching in Q2/Q3 for those who have the money and expertise with the desire to invest in Toronto real estate but have limited time or competing priorities and prefer to hand the hustle to the experts.
We're running an online Masterclass on Jan. 30 that teaches the fundamentals of investing in Toronto including turnkey and value-add triplex conversion strategies, and it's a great opportunity to network with like-minded investors. It was held in person at Ryerson last year with over 100 attendees, and we are doing our best to maintain the same level of engagement and connection on our virtual platform: https://www.biggerpockets.com/...