All Forum Posts by: David Nakkila

Hey Alex,

I am a Real Estate Investor as well as a Real Estate Agent. It will take you about a year of schooling and then courses every two years to hold your license. As well approximately about $2500-$3000 a year to hold your license. the issue with having your license and not using it actively is you are going to lose money and a lot of time learning things you will never need to know as a real estate investor. It is a good career choice if it suits your personality. But you also have a lot of liability when you hold your license to disclose to the seller what there property is actually worth so you can not get as great of deals as if you did not have your license or if you hired an agent to represent you in the deal. As soon as your an agent buying for yourself or selling your own place you open yourself up to a lot of legal walls and liabilities.

So in me rambling on lol. I would Not get your license unless you plan on doing it as a full time job. 

Hello Lalit.

I am a Real Estate Agent and Investor here in the GTA. I can say that with the current levels of newcomers to the GTA in the last two years being at over 200,000 and housing starts hovering around the 70,000 level. You can see that there is a big divide in the amount of new homes being created vs. that amount of new people that need to be housed. Currently we are under supplied and I do not see us being over supplied unless there is a major shift in the economy. If that happens then you for sure do not want to hold a property over 100 years old as those properties will always drop in value the quickest and most suspectable to needing major repairs unless every single major thing is taken care of already. My suggestion for you is, Either hold onto it and collect rent(only if you are making good cash flow). If you are close to breaking even now I would suggest selling it and either putting the money into another investment or what I would suggest is buying one or two entry level properties under 5 years of age. Those will hold their value and be highly desirable for both investors and first time home buyers. 

Another option is to move your money out of Toronto and move it into communities like Halton Hills or Guelph where the Go Train Expansion will benefit housing prices and are currently at lower price points then the rest of the GTA. Message me privately if you want to discuss some more. I want you to make the best decision for you. Thank you for posting about this issue in the forums for more outside input so you can decide correctly. 

Regards,

David Nakkila

@Randy Holdaway

Hey Randy,

Where about’s in Canada are you located? Maybe we could connect and chat real estate. I am an investor and agent for the last 5 years. Have property in Guelph and Georgetown. Planning on creating a meet up group starting in Jan or Feb.

@Cody Macdonald

Would love to dive into the numbers a little bit to help advise you better. I sent you a DM. I am real estate agent and investor for the last 5 years

@Mohamed Manfalouti I have sent you a private message to get some more details from you so that I can best advice you on where to invest this money to get you the greatest return on investment based on your specific goals. All comes down to where will you be living, how far do you want to be from your investment, how hands on would you like to be or hands off. And various other factors. 

I am a real estate agent here in the GTA and have helped clients with investments all over and as far out as Paris Ontario. So there is many options out there I juts want to make sure I can advise you best!

@Brody Muxlow I am a real estate agent East of you in Georgetown, Ontario. On our team we have a design build side that does all the drawings and runs through the permit process with the city. If you would like to chat with that portion of my team to learn more about the entire process please reach out to me! 

Welcome Chaitan and Tanveer! Glad to see you guys on here and your desire to get into the real estate investing space! I got in almost 5 years ago now and I can say it is amazing! The trouble I had was finding a real estate agent that understood me and my wants and needs and seeing things from the eyes of an investor. So I am a licensed agent now and have been for a year helping 18 clients already. If you guys need help or want to chat please message me and I would love to connect! Also I plan on starting up some meet up groups in the new year. 

Preeti, When I list a home I pay to stage it for my client. 

Hello Preeti, 

I am a real estate agent and investor in the Mississauga, Brampton, Halton Hills, Milton, Oakville market. I currently live in a home where I rent out my basement and own another rental property out in Guelph Ontario. I would love to meet with you and discuss your needs and some of the other areas in which I believe our perfect for investing in. I also have a background in renovations so I have an extensive knowledge on creating legal suites in different cities. All the cities have different by laws and rules. Let me know if I can help!

Hey Edlen,

I am an investor and real estate agent here in Ontario. There is several smaller markets with schools that have a high demand for rentals. I currently have an investment property in Guelph, Ontario by the Mall and the University. It is an area with a very high demand for rentals. Prices in Guelph are still very affordable. Under 500k will easily get you a good rental. Send me an email or message if you have more questions or want specific’s. 

Thanks,

David