New Member from Toronto, Canada

[Terrence Ho]

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!