All Forum Posts by: Matthew Davis

Hey. I loved the book on rental property investing and I am in a position of no/low money down to start investing. Therefore, I am interested in buying the book but as a Canadian I am worried it won't apply to me so much. I saw the post above that the concepts will be the same but the financing and regulatory stuff is all US specific. Would my time/money be better spent elsewhere?

@Luc Boiron I would agree that in the long term the market will increase. I guess what concerns me most is the opportunity cost of buying an overvalued property now vs. getting a better property for cheaper in a couple years assuming a correction occurs. 

If I was to invest now and disregard what the market is doing, I would likely need to consider a small down payment (5-10%) with higher interest rate. Should I be concerned about mortgage interest rates increasing substantially, possibly changing a property from positive cash flow to negative?

Hi BP,

Great discussion. 

I currently have no properties and recently paid off student loans. I am hoping for a buy and hold rental property that is within an hour drive of Markham and I haven't decided yet whether I want to pursue commercial or multi-line residential. 

As a new investor with little capital and little experience, I am apprehensive about buying a rental property in the GTA where housing prices are way over-valued.  I realize I should focus more on getting positive cash flow than appreciation but it seems silly to invest now when property prices have been inflating at an unsustainable rate for all long. 

So in my position, would I be best off growing my capital by other means but keeping it liquid to jump on opportunities upon a correction? Or do you think it's still possible to find great deals in smaller cities just beyond the GTA?  Also, would it be dangerous to be highly leveraged (5% down) in a conventional loan and risk mortgage rates shooting up?

Thanks

Thanks Trexie! 

Hey BP community! 

My name is Matt and I live in Toronto, Ontario. I've read the ultimate beginners guide to real estate investing and it has definitely peaked my interest. 

I went to school for civil engineering and just recently started my career with a building engineering firm. My job consists of assessing properties for a variety of real estate investment companies to provide capital plans for major repairs. I have been exposed to multi-res, condominiums, commercial, and industrial buildings and am learning a ton about building construction and operation. 

Student loans have just recently been paid off so now I am looking to invest in money-generating assets. I have also been researching stock investing and current market conditions which intrigues me but seems more risky than real estate. 

I am excited to learn more about real estate as an investment option. As part of my introduction I would love to get some feedback from the community about:

• resources that apply to Canadian real estate
• best places/property types/strategies to start investing with little capital
• how I can get the most out of my job to compliment real estate investing

Ps. Hobbies/interests include travel, hockey, golf, snowboarding, sailing, and drinking craft beers.