All Forum Posts by: Violet G.

Hello everyone, I have a question about assigning a pre construction condo after occupancy. In a nutshell, my life plan has changed and I don't want to be tied to a condo/primary residence. I was told that we cannot advertise it on MLS. What are my options, other than letting my current realtor handling everything?

1 Vote

Toronto, Ontario

Quote from @Steven Leca:

Hi @Violet G.,

I help first-time investors like yourself find rental properties in the GTA. If you are looking at going the house hacking route (which is an excellent way to get started), the best way is to find a property where you can rent the basement unless you can afford a multiplex. Live in one apartment while having the other apartments pay your expenses.

I am sure you know this by now, so the real question is, how much can you afford? From there, it's all about finding a property that fits your needs and budget, which could be a little tricky in the GTA, but the market is cooling, so it's a great time to buy and get started.

at this point, rent hacking (rent a house and then airbnb the extra rooms) make more sense financially. what's your take?

0 Votes

hi everyone,

I'm new to real estate and i've listened to many BP podcasts, especially the rookie podcast. I'm located in the GTA. it's really hard to get the ball rolling b/c most podcasts feature someone from the states (lower CoL) or someone who started in the GTA a decade ago when it was more affordable. I was wondering if anyone has experience house hacking in the GTA recently.

0 Votes

Originally posted by @Chris Baxter:

@Violet G. market before deals.... Have you identified a market? If yes, have you been there and met with realtors and PMs? They will be the source of your deals. If you are simply looking to get practice analyzing properties, find a realtor that pushes listings out to their mailing list. You can then run numbers and learn what works in a given market.

Thank you. That goes back to my original question. I'm sure where to find my local PMs and realtors. Most BP events are focused on the States. Could you please point me more Canadian/Toronto specific sources?

0 Votes

Originally posted by @Chris Baxter:

@Violet G. welcome to BP. Your skill-set will definitely be an asset. Analyzing markets and properties is key to REI success. I personally enjoy the process of uncovering hidden gems through research and analysis, and in finding markets before they get 'hot'.

Thank you for your response! How do I begin analyzing the deals? Where do I find the source data?

0 Votes

Hi everyone,

I'm a software developer & data scientist based in the GTA. I'd like to get started with RE and expand my network. On my day job, I work on

- web programming, e.g. integration a payment system, CRM system

- data analysis, data visualization, modelling, etc

This is not an ad. Since I'm a total RE rookie, I just would like to know how my skills could help me get started in RE. Also, it would be great if I could meet people who're working similar jobs and trying to get started in RE. I've attended several BP virtual events. Most people are way ahead and also, I really would like to meet people IRL.

Thanks!

2 Votes

All Forum Posts by: Violet G.

Violet G. has started 3 posts and replied 6 times.

Post: How to assign a pre construction condo

Post: GTA house hacking in recent 5 years

Post: GTA house hacking in recent 5 years

Post: software developer to RE developer

Post: software developer to RE developer

Post: software developer to RE developer