All Forum Posts by: Perrii Muthuraman

Hi @Florence lee@ welcome to BP! I'm an investor and Realtor too. My website is perrii.com I have invested in Downtown condos in Toronto. Through me, some of my clients have also invested. All have positive cashflow and hands free property management. Rented through professional short term rental companies like Del. But the twist is sharing the profit and they take care of almost all the aspects relating to the property, including marketing. Revenue will be higher than market rent. But the rental company won't accept any building or any unit in Downtown. Yes. As you said, condo prices too risen dramatically. Still there is an opportunity. If you would like to explore more of this opportunity, keep in touch with me.

I agree with the most of the views expressed here. More or less, they are my guiding principles. My investments are in Toronto downtown, Toronto, Oshawa, Brampton and Waterloo. I am a buy and hold(rent) type investor. Also a realtor. Almost all are cashflow positive. Not a significant cashflow but still it is positive. Definitely there is appreciation. Here are my views.

1. In GTA multiple offers have considerably reduced. It conveys that there is DEMAND but effective buying power is affected. It will slow down the price growth but price growth will be positive. It may not be a great number, as it used to be in the past. I do not believe that prices will come down and the reason is as everyone said SUPPLY which is limited and cannot be increased to meet the demand.

2. If you are not speculating, and have the capacity to HOLD, in my view you are bound to make a profit from 2 sources. 1. Principal payback (from mortgage) 2. Price Appreciation say in 5 years from the date of purchase. 

3. Rental market is very strong and it will continue to be stronger. Check with kijiji if you are in doubt. So chosing the right tenants and the right proprties are key for success.

In waterloo, we bought for 200k a student rental from a builder with rental guarantee for 2 years. Though the cashflow is positive, it is not significant like in London, ON. But the appreciation is quite high. Only interim closing is over but the unit's market sale price is in the range of 230k to 240k. If you look at the return for the downpayment made, return is quite high. Right?

we have a student rental property in Waterloo. Not all properties are equal, as you know. We have positive cashflow there. I sold,as a Realtor, in the same project few other rental units to others. I am happy and all others are also happy.

Thanks for the warm welcome.   Prices are not coming down in Greater Toronto but the multiple offer situation has eased.  I am of the view that prices will stabilize in Greater Toronto and after some time again may go up  as there is so much demand (or need) for housing in Greater Toronto. Further the Ontario or Toronto govt is NOT willing to take any measure like BC. They are thinking of ways to increase the affordability of the first time home buyers, but not controlling the price rise. There is a great demand for rental units also. Vacancy rate is often only 1 or 2 % in most of the areas. Many first time home buyers are now forced to postpone the decision of buying a home or settle for a smaller home because of recent federal government's mortgage rules  But that has created additional demand for rental units. If the investor's strategy is "BUY and Hold," one need not worry about the short term price changes in Toronto. In the long run, say 5 to 10 years, return on investment will be much higher than any other investments like stock market or bank products.

Hello Every one

My name is Perrii, from Toronto. I was working for different banks for 35 years. Self employed for the last 5 years. Learnt and started investing in real estate for the last few years. Now I am a Passive Realtor and an Active Investor. All my real estate investments are in the hot market of Greater Toronto. Myself and my wife (passive investor) own a primary residence, a detached home, a semi detached home, 2 condos and one retail unit. We acquired 4 properties in the last 3 years. My strategy is just"Buy and Hold" aiming cash flow and capital appreciation.  That's all about me.   Bigger Pockets seems to be a greater community providing lot of free knowledge, good networking and support. I am happy that I am now part of this great community. If any one needs any help in Greater Toronto, please feel free contact me.