All Forum Posts by: Account Closed

@Hai Loc 

you make some valid points. Toronto appreciation in the past years have been insane. Where do you invest in the US and how to you balance with investing here and being a Canadian and living in Toronto?

@Mike Jakobczak great interest here for a meet-up. You seem to have experienced in setting this up. Want to take the lead through your club?

Welcome to the site @Alan Finlay 

What type of investments are you interested and what are you doing right now to educate yourself? BP is awesome however be aware that majority of members here are residing in the US. There are some differences between US and CAD real estate investments. Wish you the best and feel free to connect.

Cheers,

@Chad U. and @Frankie Law 

just wondering what those acrynym stand for? SM, MW? Welcome to the site Frankie. I am in Brampton, would love to connect and share our experiences.

Cheers

This is a great discussion relevant to Canadian Investors. Need more of these on BP. Most posts I come across looking for local information are simply member intros.

Good work guys!!

@Henry Zwo 

what type of properties do you own in the Niagara region? I have a student rental there and looking to expand in that area.

@Ming Lim 

Interesting discussion you had going on. If there is one thing I have learned so far is leverage. Borrow as much money from others as possible.

So what have you decided on? Any updates?

@Gary McGowan 

Any indication if the lenders will start to lend for student rental? Especially with the amount of student rental complexes being developed all-around ON (Waterloo, Guelph, Brock, etc). Why aren't they lending on student rental? And I find it interesting that investors are still able to close on them...are they buying it on cash?

@Dominika M @Mike Jakobczak awesome. Looking forward!

Great discussion here guys!

@Mike Jakobczak when is the next meetup in Toronto? I would love to meet other investors in the area.

As for update on my endeavors. I sold one negative cash flowing property last month. One student rental is fully tenanted for the upcoming school year. Second student rental is a new build and closing will be late 2014.

I am currently looking for another student rental or duplex/triplex between Oshawa and Kingston. The plan is close on it in the next 3-4 months.

@Dominika M I am also from Brampton. If you would like I would love to connect.

Cheers everyone. Glad to have found more Canadians on BP!

Hi @Gary McGowan can you please clarify which properties follow the annual ON rent increase and which don't? I thought it was as simple as if a property was build before a certain date it was not subject to ON rental increases.