All Forum Posts by: Chris Baxter

Typically only stabilized properties (where someone else has increased NOI and is looking to sell) or problem properties find their way to these sites. Off-market deals are best

Ontario poses a challenge as rents can't be increased to market... case in point, the ON gov just announced a 1.2% permitted increase on rents next year... not even keeping pace with inflation.   Best source (in markets that have no rent control) is either a realtor that deals with investors or a property manager.  

Originally posted by @John Ibbits:

Originally posted by @Chris Baxter:

@John Ibbits welcome to BP! I personally treat appreciation as a bonus and don't bank on it when investing. Buying a SFR in the GTA will tie up capital that can be deployed (and accelerated) faster elsewhere. The first question that you need to answer is why do you want to invest? Your strategy will be tied to your 'why'...

 To be honest, one of the girls is diversifying with a mix of equities etc which I don’t want to add to further. Goal is capital preservation and appreciation plus income. Curios, where else can it be invested and accelerated instead?

If you value time ans want a truly passive investment, your best bet is to partner with someone that has the investing skills and time, but lacks capital. 

To accelerate growth, commercial multifamily properties (6+ units) offer a better opportunity. Value on these is based on NOI and market cap rate. Find a mom and pop property that has a little deferred maintenance and below market rents, turn it around, and refinance.

@John Ibbits welcome to BP! I personally treat appreciation as a bonus and don't bank on it when investing. Buying a SFR in the GTA will tie up capital that can be deployed (and accelerated) faster elsewhere. The first question that you need to answer is why do you want to invest? Your strategy will be tied to your 'why'...

@Anibal Mejias you'll need to provide details on location if you want folks to provide help.  Costs won't be the same in each province.  

Thanks for sharing @Gabe Ess @Jordan Perry   2022 is looking bright :)

@Philip Ng @Ryan Kenneth @Taylor L. thanks for sharing your goals!  I've invited other Canadian investors that I've connected with to share theirs as well. 2022 is going to be awesome!

If you've listened to the BP Real Estate Podcast you know that 'taking action' and 'setting clear goals' are the most popular answers to the Famous Four question "What do you believe sets apart successful real estate investors from those who give up, fail, or never get started?"

An excellent analysis of all answers provided by podcast guests is summarized here, by the way: https://www.biggerpockets.com/...

For Canadian investors that are serious about achieving success in 2022, lets share our goals here and hold each other to account as the year progresses. I would be happy to host a monthly virtual meeting where we can support each other in achieving success.   To get the ball rolling, here is my goal for 2022:

December 31,2022 I now own at least 50 multifamily units and have invested in at least one new asset class

What's yours?

Here is a good article that describes your options:  https://landlordselfhelp.com/m...

@Michael C. welcome to BP!  Save yourself the hassle and get a collections agency to do what they do best.  You'll recoup 50% of what you are owed, but it isn't worth your time and effort to go through a legal process for a few thousand dollars, in my opinion.   The Ontario LTB system is broken and heavily favours tenants. I had a similar experience a decade ago, and it's the main reason I stopped investing in ON