Canadian Investor Looking to Get Started
Hello Guys,
I am a 22 year old 3rd year student at Ryerson University in Toronto Ontario. I am hoping to begin investing in real estate in the next couple of years. I have already invested in some REIT's as a passive way to gain exposure to the industry but am hoping to own and manage my own portfolio of properties in time.
As a young person just beginning to come to the end of my time in school money is of course tight. I am wondering what you guys did to get started in the business? Currently I am thinking a BRRR deal with just a SFH may make the most sense for myself to get my feet wet.
I currently really like the St. Catharines market with the Go Train being extended to the area and strong population growth, Kitchener-Waterloo is also interesting with all of the tech growth happening. GTA is just to expensive for me seeing that I would like to have a CoC ROI somewhere between 10%-12%.
I would love to hear from you guys on your thoughts for where you are investing in Ontario, what cap rates you’re seeing, etc. Also, feel free to DM me to talk real estate, I’m open to grabbing a coffee to talk about your business and would be willing to help you out in any way possible if it meant I could learn in a hands on environment.
All the best!