Investors from Toronto, Ontario

[Itsik Morin]

Hi there,

My wife and I are looking to learn and start investing in the US. We are a little bit familiar with the Texas market where we feel confident about the economics of this state.

We are particularly interested in wholesale and flips and/or joint venturing with someone who needs extra capital.

I found out about this site after doing a reserach about Scott Yancey's "seminars" (Flip Vegas show on HGTV).

Do not hesitate to contact us for any kind of deals and mentors are more than welcomed!

Cheers,

Itsik & Claudetet

[Gary McGowan]

@Michael Chow , 

@Filipe Matos Is bang on with how agents work in the GTA. That's is why it is SO important to only work with agents that have done 20,30+ deals themselves.... Not for their clients, deals they have actually bought and invested themselves.  There are very few of us agents that actually have that kind of experience. Work with one agent per area. If you want that agent to keep sending you the best deals be prepared to take action. Otherwise you will end up being the last call as opposed to the first call. 

I do know of agents and myself that have run jobs in the past for their clients or I provide all my trades for the work. Remember you will always get what you pay for. When it comes to paying your trades don't cheap out.  My best clients get the BEST deals because they pay top commission. 

We have to buy in the GTA very differently than in most of the US. We simply do not have the same motivation to sell. In fact, the average Days on Market in March 2015 for all of the Toronto Real Estate Board was 20 days. That includes 8,940 sales. At 100.6% of asking price.  1.7 months of inventory. That's incredible !!!! Some might argue a buble, whatever your take is, you need to know what is happening in the market before you decide to market and buy something. 

What you really want is an agent that is willing to teach you... You should not be the one teaching the agent... Tough to find though....  A good investor agent already knows how to run the numbers, knows what the rents are, knows what value to add, knows how to manage an investment property 

Here's my top three questions I ask my clients when buying properties. 

How are you going to buy it?

How are you going to add value to it?

How are you going to sell it?

Stick to these and everything else should fall into place. 

my Canadian 2 cents.