Putting $200k to work in Ontario

[Anthony Panepinto]

Hey, I'm looking to put $200k to work in Ontario. 

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Let's run through an exercise, if you had $200k to invest, how would you use the $200k to get the best returns?

Here are some questions to consider,

What area(s) of Ontario would you look at?

What would your price range be? Up to $1mm (20% down?).

What type of properties would you look at? (Duplex, Multi-family, condo?)

What strategy would you use? (BRRRR, Buy & Hold, Fix & Flip, Wholesale?)

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Looking for some advise on how to get the best return on this. 

Thanks in advance!

[Chris Baxter]

Originally posted by @Anthony Panepinto:

Thanks @Chris Baxter! Great point on the landlord & tenant laws here in ON, it's certainly a cause for extra caution when considering rental properties. I am still open to it, but understand that it will take extra due diligence on the tenants etc.. We may look into fix & flip opportunities here to avoid some of the potential headaches or venture outside of Ontario for a longer term rental opportunity.

B.C. or or Alberta for rental properties?

BC (where I live) is worse than ON... renters feel that it is their right to have the same rent for 20+ years, and there is huge movement afoot to have rent control tied to the unit (not to the tenant).  That's a great recipe for creating rental slums. 

Provinces with limited / no rent control are

• AB
• NB
• NL
• NS
• QC
• SK