All Forum Posts by: Julie Toh

@Yves Bourdeau Where are you located? Canada or USA? If you're located in Canada, you need education on the guidelines for the Canadian mortgage default insurance. I am a licensed mortgage professional located in Canada and am knowledgeable about the guidelines. 

@Daphne Wielunska It's not uncommon for my clients to purchase a property that's not listed on MLS. In a private sale situation, I always invite my solicitor in to the conversation from the get-go. To get a mortgage in this situation, you'd need to understand the lender's requirement.

@Mohamed Mahmoud Hello and welcome to the world of real estate investment. I don't see any reason why you should not invest in a condo as your first, this is exactly what I did some 16 years ago (read the details in my profile) in Vancouver, Canada. As described in my profile, I leveraged that first property to grow my portfolio. 

@Jocelyne Sema You're right. The first hurdle to overcome is your mindset. So many prospective clients who tell me they want to buy multiple properties to create long-term wealth are gun shy about leveraging the equity in their principle residence. @Account Closed

They say they "don't want to get into more debt" - these same people don't hesitate to get more bad debts. Bad debt vs. good debt? Homeowner vs. Investor? Mindset. 

@Nicolette Kiss Nicolette, welcome to BP. Something @Andrew Freed wrote jumped up at me, "Real estate is pretty straight forward, just gotta put in the work to learn it." This has been true in my case some 16 years ago. My advise to new clients that really want to grow a real estate portfolio is to have a financing game plan. Develop a vision for your new journey, understand your risk tolerance, and learn learn learn. All the best!

@Martin Martinez To quote someone famous, "Don't make to buy real estate, buy real estate and wait." 

@Danny Young Welcome to BP. Kudos on taking the first step in your real estate investment journey. Building a team of real estate professionals early is critical. My team and I are based in Vancouver, B.C. 

@Maysa Tsang Welcome to BP! I hope you find the forums and resources here helpful in your journey as a real estate investor. You asked a good question regarding NB and NS prices. It's smart to ask questions and plan for long-term financial success. The first property I purchased in Vancouver was my home (read the story in my profile). I became a homeowner and landlady at 21. Before I pulled the tigger, I talked to people who have million $ real estate portfolios, hoping to find out how they did it. What's their secret sauce? What was it, you asked? Every single investor knew his/her 'w h y'. As Simon Sinek says, start with why.

@Anna Korishch I concur with @Brandon Lawson in going off-market to find MF deals. All my MF properties that are more than 5 units have been off-market deals. I also have a team of real estate professionals that help me scale my portfolio: realtors that are specialists in the market of my choice, commercial lender for MF 5-20 units, residential lenders, property managers, appraisers, etc. 

@Anna Korishch Welcome to BP! I hope you find the forums and resources here helpful in your journey as a real estate investor.