Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

4
Posts
3
Votes
Terrence Ho
  • New to Real Estate
  • Toronto, Canada
3
Votes |
4
Posts

New Member from Toronto, Canada

Terrence Ho
  • New to Real Estate
  • Toronto, Canada
Posted

Hi everyone,

Recently started listening to the BiggerPockets podcast and am here to learn more!

I'm still very new at this, currently, I have a rental and primary property that's mortgage-free in Ontario.

A few questions I have:

1) In addition to a HELOC, are there other options available to access the equity of my two Ontario properties?

2) I am planning to renovate and rent out the basement of my primary property to generate cash flow. What is the average cost of renovating a basement apartment with 3 bedrooms and a kitchen in Toronto to make it suitable for renting?

3) Can you recommend other cities in Ontario that I should consider for purchasing properties? Additionally, which provinces and US states are landlord-friendly and worth exploring?

4) I am also interested in purchasing properties in Mexico (Playa del Carmen / Tulum) and would like to know if anyone has any experience with this. What are some things to be cautious of when buying properties there?

Thanks in advance!

Most Popular Reply

User Stats

4
Posts
3
Votes
Terrence Ho
  • New to Real Estate
  • Toronto, Canada
3
Votes |
4
Posts
Terrence Ho
  • New to Real Estate
  • Toronto, Canada
Replied
Quote from @Andrew Syrios:

Welcome aboard Terrence!


 Thanks, Andrew!

Loading replies...