Looking at flipping instead of long-term buy and holds.

[Alireza Shayan]

Hello everyone,

For the last few months, I've gone silent and a bit off the radar when it comes to REI. During that time I have looked at and changed my idea of what I would like to do when it comes to investing in real estate.

Originally, my plan was to do long-term rentals within the US - this has now changed for me.

My thought process for all this was that I want to generate more cash and be in-and-out of deals at a much faster rate. That being said I would like to switch my focus to fix & flips in Canada. Could be anywhere in Canada too as long as the numbers make sense. 

I also would like to connect and network with fellow Canadians who have ventured down this path of flipping houses and to hear your experiences. Who knows, maybe this could lead to a JV in the future.

I guess my main question is - where did you get started when it comes to flipping. Not geographically, but more the steps you took to get to your first deal. 

I don't have a TON of capital ready (roughly $50,000 CAD - potentially more) that I can use to get the process started.

Would love to hear your experience so far and what your future plans are as well.

Thanks and cheers to your continued success!