400K CAD to invest. What are my best options?

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400K CAD to invest. What are my best options?

Don Henderson
Member since 2022 · 1 post · 0 votes

Hi all,

I am a Canadian Real Estate Investor. I have 2 properties currently and I'm sitting on about 400K CAD in cash. I've been looking at multiple different options to invest in. Specifically, I've been looking at Quebec for cash flow purposes but I've read landlord rights are terrible there. I've also been looking out East in NS and NB. I've also looked in Florida, and Arizona but financing and the currency exchange is tough right now to justify investing in US. 

Any advice on next steps or locations?

Thanks in advance

Don

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Simon Ashbaugh
Realtor · Columbus Ohio, Cleveland Ohio · Member since 2022 · 849 posts · 830 votes
3y
Quote from @Don Henderson:

Hi all,

I am a Canadian Real Estate Investor. I have 2 properties currently and I'm sitting on about 400K CAD in cash. I've been looking at multiple different options to invest in. Specifically, I've been looking at Quebec for cash flow purposes but I've read landlord rights are terrible there. I've also been looking out East in NS and NB. I've also looked in Florida, and Arizona but financing and the currency exchange is tough right now to justify investing in US. 

Any advice on next steps or locations?

Thanks in advance

Don


 If you want cashflow, look at Cleveland Oh. Low entry price, high cashflow, 400k could go a long way. 

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  • Will Fraser
    Real Estate Broker · Salt Lake City & Oklahoma City · Member since 2018 · 3k+ posts · 2k+ votes
    3y

    For my money I'd likely be looking to fund 3-5 different syndications with syndicators that I suspect do a fantastic job and are subject-matter experts.  That would spread out the risk and let me participate with them in their growth while they participate with me in returning cashflow and equity.

    Then, if I wanted to have a more direct approach perhaps I'd funnel the cashflow and Return of Capital from these syndications into direct ownership of assets in a hybrid market in the U.S. (as opposed to a linear or cyclical market).

    0Reply
  • Simon Ashbaugh
    Realtor · Columbus Ohio, Cleveland Ohio · Member since 2022 · 849 posts · 830 votes
    3y
    Quote from @Don Henderson:

    Hi all,

    I am a Canadian Real Estate Investor. I have 2 properties currently and I'm sitting on about 400K CAD in cash. I've been looking at multiple different options to invest in. Specifically, I've been looking at Quebec for cash flow purposes but I've read landlord rights are terrible there. I've also been looking out East in NS and NB. I've also looked in Florida, and Arizona but financing and the currency exchange is tough right now to justify investing in US. 

    Any advice on next steps or locations?

    Thanks in advance

    Don


     If you want cashflow, look at Cleveland Oh. Low entry price, high cashflow, 400k could go a long way. 

    1Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    3y
    Quote from @Simon Ashbaugh:
    Quote from @Don Henderson:

    Hi all,

    I am a Canadian Real Estate Investor. I have 2 properties currently and I'm sitting on about 400K CAD in cash. I've been looking at multiple different options to invest in. Specifically, I've been looking at Quebec for cash flow purposes but I've read landlord rights are terrible there. I've also been looking out East in NS and NB. I've also looked in Florida, and Arizona but financing and the currency exchange is tough right now to justify investing in US. 

    Any advice on next steps or locations?

    Thanks in advance

    Don


     If you want cashflow, look at Cleveland Oh. Low entry price, high cashflow, 400k could go a long way. 


     If you're going to look into Cleveland, you'll want to read The Ultimate Guide to Grading Cleveland Neighborhoods.

    While it's true you can make a ton of money in Cleveland (I've done it) you can also lose your shirt (I've done that too, literally) Cleveland can be a mine field, so make sure you understand what's what before you buy a cheap house off of Zillow or something like that.

    1Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    3y
    Quote from @Simon Ashbaugh:
    Quote from @Don Henderson:

    Hi all,

    I am a Canadian Real Estate Investor. I have 2 properties currently and I'm sitting on about 400K CAD in cash. I've been looking at multiple different options to invest in. Specifically, I've been looking at Quebec for cash flow purposes but I've read landlord rights are terrible there. I've also been looking out East in NS and NB. I've also looked in Florida, and Arizona but financing and the currency exchange is tough right now to justify investing in US. 

    Any advice on next steps or locations?

    Thanks in advance

    Don


     If you want cashflow, look at Cleveland Oh. Low entry price, high cashflow, 400k could go a long way. 


    400k CAD is only 200k US  :)  
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  • Lori Williams
    Developer · Youngstown, OH · Member since 2019 · 129 posts · 121 votes
    3y

    I'd recommend specific areas of Youngstown, OH. High cashflow, DSCRs of 2-4. Being part of a partnership with someone local would help with being a long distance investor.

    Disclaimer: I am not a realtor. I'm just an investor who is doing extremely well where I buy.

    0Reply
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