New Member from Hawkesbury, ON, Canada
Hello from Canada!
My name is Edgar and I'm currently looking to start investing in Eastern Ontario and Quebec. I've done one buy, hold and rent in the early 2000's that I sold for a healthy profit but never continued opting to open businesses instead. The market in Montreal is significantly higher now as well as it is in Ottawa. Needless to say I've been out of the loop when it comes to REI. I personally love Eastern Ontario especially Hawkesbury, Alexandria, Glengarry and Cornwall in terms of investment. The areas are between two large Canadian cities, they have relatively low property taxes, the rents are not ridiculously low but property prices are low. Many of the homes are old and require TLC and some require extensive rehabbing. Personally they are close to my home town of Montreal and my family.
When it comes to the type of investing I'm not entirely sure what I want to focus on for the moment. BRRRR is what I'm leaning towards, but flipping is also a possibility. Wholesaling is possible but not what I'm looking to do.
I hope I can connect with other Canadians and learn from investors from around the world. Even though I used to work in banking and the mortgage brokerage industry, planning for financing using non traditional lenders is a major objective. In the US, it seems there are plenty, but I haven't found too many in Canada. Hopefully the BiggerPockets community can point me in the right direction.
If you would like to connect, chat about Montreal/Ottawa or would like to know more about me, please feel free to send me a message.
Looking forward to connecting with the community!