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
Most Popular Reply
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/...