All Forum Posts by: Sarah Larbi

I suggest asking her about what she plans to do to ensure you don't hit a financing wall and based on that what lender sequence does she have in mind for you. Example first 4 A lenders big 5 banks, then which lenders and what will be the conditions. I would suggest you tell her you goals (income and timeline) and have her give you a blueprint of which lenders you will use when and what they will be looking for. Based on your income goals she should be able to tell you how many units that rent at X amount you need to accomplish this over your timeline. Dalia Barsoum is my broker she also wrote a good book on this topic.

Bravo c'est bon! Good luck on your Journey

I don't think you will find too many other contrarians on BP as most of us are here to learn the best way to do things, then act in that manner and run this business as efficiently as possible. Maybe you would have more luck finding others like you on a non educational site or on the streets. You can run your business however you chose and if that works for you then great but it is just not how most of us like to roll. I hope not but I think one day you will wish you took more preventative measures.

Welcome to the community! There are many different avenues you can take and 50k can get you a long way even looking 30 minutes west from where you are. I personally am a buy and hold investor and rent to own would mean I would have to get rid of my cash flow so I don't sell and just buy when I can. Use BP to learn all the pros and cons to every type of investment before making a decision. Where are you looking to invest?

Welcome!

What Drew Gedemer gave you is bang on you need to add those into the equation

You can learn from other people's mistakes and listen and learn all you can. One thing I have noticed is that as you get better, start doing your own deals, and become more experienced you will start doing things differently or better; and when you look back and think of your first deals there may be things you will realize you could have done differently. You may think of that as a mistake. Some are bigger than others but that's how you grow and improve. Good luck and just go for it!

Hi and welcome Rayce Vyse you are in a great area for sure. I am also an investor in Brantford and you can still get many good deals that cashflow even as SFH. For example my last property that closed in April a SFH I bought for 165k and it rents for $1300 plus utilities. There is high demand and low supply for housing in Brantford. If you have any questions about Brantford feel free to message me I would be more than happy to help you get started.

Hi Steve Anderson this could be good idea but it all depends on your market. Millennials and Baby boomers make up the 2 largest cohorts so you have the right idea to focus on one of them. The other aspect as well is to offer accessible housing not only for the elderly but also the disabled. There is a market for this in many cities. You could ask the local realtors for their input and what their older clients are looking for and how much more rent you can get. You could also put a feeler on Craigslist to see what bites you get. I think you could be onto something but just make sure there is a need in your market for it and then you will need to see what is available now and if it actually rents for a premium. If so what is the premium and will the renos be worth doing for the price difference? All things to consider and a good niche market if there is low supply and higher demand.

No problem, buy and hold is a good strategy. Learn how to analyze the deals and find ones that cashflow. I buy and hold in Brantford Ontario and it cashflows pretty well there for me.