When to Expand Into Another Market

[Joel Arndt]

For you diversified and experienced investors, when did you start researching then buying into other markets other than the one you started in? Was it just when you got frustrated with your first market? Was there a moment that stood out to say, "Yup, I'm ready to grow?"

[Kris Bucci]

When you started to invest in Real Estate you likely decided on a single or maybe two strategies you wanted to employ. Buy and Hold for Cash Flow, Buy and gold for wealth generation, BRRR, Flip etc... each market is geared toward a certain strategy... or better put one strategy may work awesome in Hamilton, while another may be just near impossible. Take Victoria B.C... lots of opportunities to Buy and Hold turn key properties that safely Cash Flow over $1000 each month. But you need 150k in capital to make it work. Or I can go to Edmonton with 50k and safely CF $500 a month. It all depends what strategy you want to employ and what you want out of your deal.