All Forum Posts by: Paul Neagle

Hey everyone!

Newbie to BP and REI (have watched 100s hours on YouTube) - looking to hopefully start my REI journey this calendar year if possible. Brief introduction - originally from the UK, moved to Canada 2.5 years ago with other half and based in downtown Toronto, ON. Work as a project manager/PMO for a large IT consultancy firm. Currently 32, goal is to retire earlier than 65/balance lifestyle with travelling and having a decent level of financial freedom.

In terms of strategy looking for decent cash flow initially, preferably BRRRRs/ buy and hold over flips - with the view to diversify later on. Not an expert in construction/Diy so would probably look for something that requires a lower complexity of renovations initially. However I'm good at managing people, money and project planning.

Looking at MF/student housing in the Hamilton, Windsor or Sudbury regions (Toronto way out of my budget), but open to investing in properties further afield (including the US) if the numbers work. Any other similar investors in this area I would love to connect and start a discussion! 

Looking forward to networking with you all! 

Hey everyone!

Newbie to BP and REI looking to start my REI journey this calendar year if possible. Looking forward to networking with you!

I've been mostly looking at student houses/MFHs in maybe the Windsor /Hamilton/Sudbury regions (GTA is way out of my budget), however a friend mentioned the huge investment work going on in the Port Credit area. Looking into it there's a large development of condo's to be ready for 2023 - with the transport hub to the GTA, upcoming Hurontario LRT, lots of Mississauga growth as well as seeing average SFHs selling for $1m+ - could be potentially a decent return.

Condo's, especially new builds, haven't really entered my mind due to the lower CoC/higher HOA fees and not seeing any short term ROI as it's a pre-construction, however the potential appreciation is giving me second thoughts and would like to know if anyone is looking to/has invested in this area, or what your opinion is on the potential growth? Is this a strategy you would also recommend for a new investor?

Thanks in advance!