All Forum Posts by: Mike Dovich

Hello everyone!

I currently reside in the GTA (Greater Toronto Area). I have been researching real estate investing lately, with the goal of purchasing rental properties, ideally multi-family, later this year. My initial thought is to start with plexes, then grow into buying small apartments. 

The entire Southwestern Ontario market seems to be red hot, making it seem like finding a unicorn would be easier than finding a cash-flow positive rental property, on top of needing a ridiculous amount of money for a downpayment. I have been looking at other markets (Alberta, Saskatchewan, Quebec, New Brunswick etc.) to start investing in, and there are definitely good deals to be found, but as a whole, the Canadian market seems to be red hot. This raises the question: Would it be smarter to start looking at rental properties in the United States? 

I understand there are a lot of other hurdles that one would need to go through (financing, taxes etc.). Based on there being additional opportunities to find cash-flow positive properties, and the ability to purchase multiple properties with less money, do the positives outweigh the negatives and make it a more attractive place to start investing?

If you were just starting out again, based on the knowledge you have now and what the current real estate market looks like, would you recommend to yourself to invest in Canadian real estate or American real estate?

Thanks in advance for any answers!