All Forum Posts by: Account Closed

Every time I try to contact a realtor through the website I am told this? It has been going on for over a week now as I have been attempting consistently.

Has anyone ever had this problem?

I am wondering if it is due to me messaging many realtors with the same message. (Asking for financial data on properties). Have I been blacklisted for spam? If that’s the case how am I supposed to follow the adage of finding that 1 in 100 good deal?

Im in Canada so it seems like Realtor is my best option. I’ve been dabbling with HouseSigma but they don’t have NB listings which doesn’t help. Any recommendations or advice is greatly valued.

Thank you for the thoughtful advice everyone. Lots of good points and Ideas here that will be very beneficial on my journey!

Hello BP,

I have been learning about REI for over a year now. Reading, joining a program and some meet ups.

I have been urged by a few members at meet ups to start making offers. While I believe it is important to just get in there and learn through experience, I am still unsure if I am jumping the gun.

My plan is to buy a multifamily property around 300k and do the brrrr method.

I have been researching areas and running numbers on properties (mostly New Brunswick, Calgary & Ontario). I live in Toronto where it is too expensive so I plan on finding a good property manager investing further out. Most of the members in my group are happy to share and recommend connections in these areas.

I am speaking with a mortgage team but I haven't been approved yet. I believe I will likely have to use a B lender as I have worked alot of cash jobs in the past and only began keeping consistent payroll since Jan 2022.

I also have a potential prospect of a private money lender that can help with the down payment and I will return monthly payments with interest. Then pay back fully once I refinance.

I also have 5k saved up. I know its not a much right now but I am adding $800 a month to that number.

Should I focus on finding a good deal running the numbers and offer.  Or is it more important to secure financing first? In my scenario if I am going convince my lender to invest in me I will have to show him a good deal first. 

I don't want to start developing analysis paralysis but I also feel like I must be realistic in order to make this work.

Any advice is greatly appreciated!

Hello Investors,

I am a carpenter working full time in Toronto I have set my goals high to become a successful real estate investor and am willing to put in all the work it takes to get there.

I have spent the last few years learning and planning it out and I would like to take action this year and buy my first property. My plan is to buy a duplex or triplex that I can cashflow through rentals and add value then ultimately refinance and buy more (brrrr method).

As of right now I am working through the process of deciding on which market I want to invest in. I've gone to a few meetups and it has swayed my decision around a bit. My price range is 300k so my hometown Toronto is out of the question. What I am looking at is. 

1) Small town Ontario. Hamilton, Brantford, Sudbury, Welland or similar towns. I like the idea of investing in these parts best because while it is a commute I will still be able to visit the property when necessary. My biggest concern is how many people have told me the struggles investing in Ontario because of tenant-friendly laws. I've been warned that tenants can go months without paying rent and a situation like that would make it hard for me to keep up with payments.

2) New Brunswick. After going to afew REI meetups with a group I am in I have noticed a common trend that many investors love New Brunswick. Mostly because landlords have more power and freedom to raise rents and get rid of bad tenants much unlike Ontario. Some of these investors have bought these properties without even visiting them and claim it is going very well for them. I have been strongly encouraged to invest in here. The idea sounds great and I am considering it. I have never been and I don't know much else about NB but I am currently doing my research. Any investors in that market please reach out!

3) Alberta. Once again I have only heard good things about this market yet I don't know much about it myself. I will be doing my research but any advice will be greatly appreciated!

I am still new and learning and there is more research to be done on my part but any insight will be greatly impactful!