All Forum Posts by: Jagnoor Gill

Hello biggerpockets,
i am reading some books on market cycles of real estate , all about key drivers of market and market influencers . The information is great . But the things is how do i know whats going on in market … is there any websites which provide the accurate data or anything else . Please shed some light on how to get data of key drivers or any useful websites which realtors or investors are using while analyzing the market in CANADA.

Thank you .

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Toronto, Ontario

Read a book ( NO AND LOW MONEY DOWN) by Brandon turner. This book will definitely help you!

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It is really hard to get loan at 18 because ,we don’t have any solid income stream or credit score. So go for other financing options like seller financing, private lending , partnership and combination of them.

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Quote from @Chris Baxter:

You should post this in the Canadian forum...

Alright bro. Do you know any Canadian forum?

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Hi bigger pockets,

I am immigrant in canada. I want to start my real estate journey through wholesaling. I have read couple of books on wholesaling but i am very curious to learn some ground reality in Brampton about wholesaling. I can work as a assistant and i need a mentorship of wholesaler in canada (Brampton / Toronto ) . Is there anyone who is doing wholesaling or thinking to start . Please dm me .

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Quote from @Jean Tranquille:

hello there! I am not an experience wholesaler but from my understanding anyone can do, it as long they have a little knowledge about real estate. I'm too a newbie wholesaler but haven't sign a contract yet. my challenging is Cold calling, I’m afraid of people cursing me out. I’m trying to think past that because in life you’ve got to overcome your fear if u wanna be successfully. What I found that works for me is I put in my head that they not gonna answer. When they do they’ve always been nice. An other thing I found to be useful is creating your own script, when I used to use other people’s script, I struggle to stay in the line the calls can be unpredictable. And for being an immigrant myself People struggle to understand me fully. so creating my own script made it easier. All you need is “ hey good morning/ evening my name is……. I was hoping to speak with ( home owner names). If they say that them Say “ hi how u doing, I’m a local investor was calling about a property I believe that you owned ( house address). I was wondering if u would consider an offer on it.” That’s my script theirs plenty of other script out there find the one that’s easier for u then use it.

Thanks jean, its true that making our own script is more comfortable for us. Thanks for your good advice.

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Can immigrants do wholesaling? What are the main challenges in wholesaling and how to overcome them (solutions) .

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I am Newbie in real estate and very excited to buy my first property. The most difficult question comes into my mind is” should i buy rental property or pre construction?” . I am coming to Brampton in couple of months and in this area the average house price is near about million dollar so, it will be difficult to find cash flowing properties in this area . I was also thinking about long distance investing but at the same time i am thinking of pre construction because of its extended payment structure it will be easy for me to arrange the downpayment. Please advise me the best solution for this situation.

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Quote from @Nick Vazquez:

Lot of good advice here. If you want invest in Brampton, I would recommend getting started with house hacking. Find a property that you can either split up into multiple units or rent out by the room to reduce your living expenses. You'll pay less per month than you would if you were renting and you'll be able to start building equity and take advantage of any appreciation. You can also get in with a low downpayment depending on the purchase price.

If you want to buy a rental for cashflow, then I would recommend looking into other markets. There are other cities in Ontario where this can work effectively and of course you can expand that search area to the rest of Canada or to the US.

Hi Nick , can you please tell which are the other cities in Ontario which are cash flowing. And what about investing in pre construction in Ontario..?

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Quote from : @Mackenzie Grate

For more expensive areas, you'd probably want to lean towards flipping, house hacking or buying something intentionally for an appreciation play. That is the trade off. More expensive areas tend to have lower cash flow.

You didn't mention anything about investing remotely. Is there a reason why you are limited to those areas? Plenty of people invest long distance in cash flowing markets. Have you considered that as an option?

Good luck! The key is to just get started :) You've got this!

Hi @Mackenzie Grate , i am not limited to this area only, but i will definitely look for cash flowing areas not matter they will be far from where i live . However, what do you think how much population (100k, 200k ?) and how much population growth rate is good for finding good cities. Currently i am looking to buy a property in Lethbridge (Alberta, Canada) . Its population is 1,02,000 and population growth rate is 1.42 . Are these good numbers ? ….

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All Forum Posts by: Jagnoor Gill

Jagnoor Gill has started 11 posts and replied 47 times.

Post: Resources of key driver data .

Post: How to Obtain a loan at 18?

Post: How to Obtain a loan at 18?

Post: Wholesaler in Brampton

Post: Wholesaler in Brampton

Post: Seeking advice on wholesaling (Newbie)

Post: Seeking advice on wholesaling (Newbie)

Post: Rentals or pre construction for getting started

Post: Investing in expensive area.

Post: Investing in expensive area.