All Forum Posts by: Samuel Sedore

Hi Steve. Still figuring out Bigger Pockets here so apologies for the late reply. I currently own a duplex here in ontario which is brining in some cash flow, which is nice. I also have my basement apartment rented in my primary residence as well. I'm ready to expand now. What's stopping me from going all out is that as I do more research with folks here in canada, ie. accountant, real estate agent, etc.. All I'm hearing is how much paperwork is required to do as a foreign investor and so many rules and regulations need to be seriously considered as it differs from municipalities. Are you still investing in US as a Canadian or do you have citizenship? Am I just hearing people speaking from fear. Should I listen to them? 

Hi everyone,

I'm interested in learning about real estate investing. My assets are primarily our mortgaged home (55% of value mortgaged) and a growing equity portfolio. I think we're going to stay mostly in equities in the near future, but we could possibly diversify into real estate down the line.

We're aiming to be financially independent over the next decade. I'm apprehensive about investing in real estate in Canada given the possibility of a correction once interest rates start to rise again. I would like to learn about commercial real estate and multi family units. 

My parents own several rental properties and I'd like to help them manage them as well as they near retirement themselves.

Looking forward to learning from everyone here!

I live in Manitoba, Canada, where no or little money down finance strategies and wholesaling are illegal. I currently want to start out in REI, so I have no hands on experience with doing any REI deals, flips, etc. I'm building capital by paycheck every 2 weeks, but it's a slow process. I've also joined a few REIA groups in Winnipeg, and one of the group meetings is November 30th.

I want to work for other REI for the purpose of developing capital, applicable knowledge + experience and relationships with the people involved.

I've read on here that offering to drive for dollars, clean a investor's property for free, or been their personal assistant for free would be of value.  What else could be valuable to an investor in exchange to learn from them?  Or is what's valuable to them specific to the problems they're facing?

Such as one investor needs a painter while another doesn't.  If you have experience been a professional painter, you could paint the interior and exterior of the house for free in exchange to learn from them?

I agree with Jay Hinrichs on the different areas and markets and that is why I asked for opinions and quotes on everyone`s market of operation as you are the guys and girls who best know your local market.

To answer David - I will be coming mid spring, until then my goal is to have pinpointed areas across the states for investment. 

Samual, I have been several times to Canada and I love it there, but I am currently searching investments with steady cash flow even if the appreciation can potentially bring better ROI - aka birth in the hand hypothesis, plus I do not have any grasp on Canada legislation, nor RE markets and I have a rule - If I do not know all risks involved in an investment and I do not have a plan how to counter them - I do not enter, so thank for the offer, but for now I will enjoy Canada as a tourist only :) (but who knows in the future).

Steven - I get that in New York city the prices are different (higher), but the analysis you sent me brings too low of a cash flow for the asked cash on investment and even if your prediction holds true it is not very liquid if I decide to transfer funds or reinvest if an opportunity presents itself. 

I will definitely look up the RE on the islands as as you mentioned with enough hunting and a bit of luck I also believe there are pearls to be found. 

What I would ask and I think will be useful for everyone on BP is to share some good sites/maps on which one can see up-to-date Sale prices (not listing) and rents as well as utility expenses and taxation for the US, so we can all have easy access to how each market currently is and can do quick decision on where to look at for maximum profit. 

PS: having a great time getting to know all of you :)

Hi, I am Raju. I live in Toronto, Canada. I visit New York very often. I want to invest in Rochester. Since I am not working professional in USA so I want your help to understand how mortgage and private financing works for International investors