All Forum Posts by: Suzanne P.

Great thread! I'd love to see that JV Agreement as well. Thank you so much in advance....

My partner and I are looking to do our first flips in the US market and we have slightly different viewpoints regarding markets. My partner loves fast-moving markets like Texas with short DOM and high appreciation. Being based in Toronto /Ontario which has had an overheated market for quite some time now I am more in favour of starting to do flips in less active markets where there is less competition for properties and contractors. 

Around here I have seen many cases where properties get 10 to 20 offers on the first day and good contractors are hard to find, which makes it very difficult for flippers to get good profit margins.

I'd love to get some input from experienced flippers who have worked in different markets. Thank you for your input!

My partner and I are starting to get involved in flips in the Austin area. We are looking for licensed, bonded and insured contractors for who would be able to take on projects on short notice. We might also consider some possible partnerships. Please PM me, looking forward to hearing from you.

@Ming Lim: Thanks for the reply and for the great insight. I am very interested in student rentals and the BRRRR strategy and would love to hear your insights. Let's grab a coffee in a couple of weeks since I am travelling out of town until the second week in December. I'll PM you so we can link up.

Best regards, Suzanne.

That's awesome info, @Thomas S. - I really appreciate it. I am planning to have any buy & hold properties professional managed, but I take it that the more direct knowledge you have the better. I also love your suggestion of holding everybody / all the students + the parents liable for paying the full rent. And staying away from 1st year students makes so much sense since they might not continue. Thanks for the great advance, Greg.

Hi Thomas and thank you so much for this comprehensive list. In one brief post you nailed down your strategy for doing a successful flip and I really appreciate you taking the time to do so. I would love to discuss this in greater detail with you and thank you for sharing this information. I am very interested in connecting and will send you a PM.

Thanks again, Suzanne.

Great thread, and welcome to @Tim Holmes from another new Toronto member. I am currently also looking at student rentals and multi-family units (triplexes and quads) in outlying areas. How would you find out if a market is actually saturated for student rentals(@Sarah Larbi)?

I also just heard about the BRRRR model which I think is awesome. Would love to learn more about it, would you mind sharing some insights, @Matt Geerts? It's so great to link up with other investors who have been there and done it...

Hi @Larry Smet, thanks for the message. I'd love to talk with you and I think it's a great idea to set up a network of Toronto investors. I will send you a PM so we can link up and talk. 

Looking forward to connecting,
Suzanne

Hi @Linda Labbe, thanks for replying to my post. It would be great to chat with you about your flipping experiences throughout Ontario. Were most of them in Northern Ontario? I see that you are active in the United States as well, which I am too, so why don't we connect?

Hi @Dave Vogt, great to hear from you. Yes, I totally understand that experience is a key success factor in flipping. I would love to chat with you and would also like to meet you when I get into the Niagara Region next time. I won't be there for a few weeks, but we can touch base on the phone beforehand. Please send me a PM and I will give you my number. Looking forward to connecting.