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Updated about 6 years ago on . Most recent reply

User Stats

9
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1
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Jan Walczak
  • Investor
  • Toronto, Ontario
1
Votes |
9
Posts

What are SCALABLE STRATEGIES for repeat real estate investing?

Jan Walczak
  • Investor
  • Toronto, Ontario
Posted

Hi everyone! What are your SCALABLE STRATEGIES for repeat real estate investing without renovations? ex. only buying condos or ready to rent homes.

Do any of you have recommendations on SCALABLE STRATEGIES for repeat real estate investing without renovations? ex. only buying condos or ready to rent homes.

I’m primarily trying to understand how to do this in the Toronto or nearby areas market. From my research I know you can do:

1. Buy, rent, save up for next down payment (20%), repeat. Seems slow as it depends on you having income for the down payments.

2. Buy, reno, rent, refi, repeat. I myself or my nearby circle do not have contracting experience so this particular route is difficult.

3. Buy, rent, refi. I’ve read about re-financing once equity builds and then using those funds to purchase. Is there a hard figure at which you should refi? Ex. x% equity built, then re-fi?

Any others?

Most Popular Reply

User Stats

619
Posts
128
Votes
Gautam Venkatesan
  • Investor
  • Dallas, TX
128
Votes |
619
Posts
Gautam Venkatesan
  • Investor
  • Dallas, TX
Replied

@Jan Walczak you will need to look into creative ways to purchase rent-ready properties where you don't use your own funds to acquire like subject-to, seller financing, using private funds, sandwich lease options, etc. I do not know anything about the laws in Toronto regarding these techniques so please research them thoroughly before proceeding. Good luck!

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