finding Rental Properties in an expensive area
Hi my name is Jordan, I'm 31 from Walkerton, Ontario. I've been investing in real estate for about 6 years now building and selling houses. I've done quite well building a large amount of capital, equity and a great team that I can rely on. Now that I've reached my goals through building and selling I would like to start creating some cashflow through rental properties. I plan on building as many as I can but I would also like to purchase some houses and start using the BRRR method. I don't have as much experience with this strategy and I'm having trouble finding properties in an expensive market. I would like to find a property within an hour as I'm very busy and I can do the labor myself saving me a lot of money. How do I find a property? is a wholesaler a good route? Maybe a mentor? Im very motivated and I would appreciate any advice the BP community can give me!! Thanks!
Most Popular Reply
Hey what’s up sounds like a fantastic start. Realtor here but I’ll say the best deals are often off market so yeah wholesalers or finding a good agent who has access to off market opportunities or at least pre-market. Depends a ton on your goals for rentals too, minimum rehab, or tons kf rehab for the bigger value add play… also knowing if you want the property to be newer, older, have a garage or not, a full 3 bedrooms or not, a full 2 bathrooms or not, etc etc etc… what I’m saying is learn to define a good deal by your standards. In my opinion that’s 1/2 the battle. I find that if you do that, then you’ll find they are in fact very present.