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Updated almost 4 years ago on . Most recent reply
Looking to partner up with other investors in ONT Niagara Region
I bought my first rental 5 months ago. Happily being rented for 2 months now. I have $175k i'd like to use to buy another property. I have a newborn in the house so suddenly the time I had to go driving around to see properties has vanished.
So I got to thinking, there must be some other way to use this money. Team up with somebody or a group so that we can achieve something greater than what we could achieve individually. Maybe buy a 20 unit apartment or something along those lines.
I'm not really interested in pre-builds, as the idea of waiting 3-4 years before I can do anything with that property is not ideal for me. I'd rather have that money working for me right away instead of down the road.
Anybody have any tips or ideas on how I can go about doing this? Ideally it should be in the Niagara region in Ontario, but i'm okay with it being anywhere in Canada if it's legit.
Most Popular Reply
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Arif, depending on what returns you're looking to get, you could look into investing in a syndication if you're accredited. If not, you could always find someone who is finding great deals and managing them, then just provide the capital to them and split the deal any way you see fit, 50/50, 60/40, 70/30, etc. You could also become a lender to those flipping if you're looking for something more high risk/high reward.