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All Forum Posts by: Steven Michael Thomas

Steven Michael Thomas has started 4 posts and replied 13 times.

Post: Cash flow condos in GTA

Steven Michael ThomasPosted
  • Rental Property Investor
  • Toronto, ON
  • Posts 13
  • Votes 7

@Jay Gill would love to hear more about properties like this!

Post: Cash flow condos in GTA

Steven Michael ThomasPosted
  • Rental Property Investor
  • Toronto, ON
  • Posts 13
  • Votes 7

Definitely looking into assignments right now waiting for something good to pop up. 

My main goal now is to get money in the market ASAP. Ideally with a 2BR assignment but this may be a tough one to find 

Thanks for the info @Hai Loc and @Ming Lim

Post: Cash flow condos in GTA

Steven Michael ThomasPosted
  • Rental Property Investor
  • Toronto, ON
  • Posts 13
  • Votes 7

Starting to look at pre-construction properties in Toronto proper and I'm not super happy with the numbers - obviously factoring in a lot of appreciation over the next few years. 

Anyone looking at interesting condo projects anywhere in the GTA and finding cash flow opportunities? Pre-construction or otherwise? 

Cheers

Post: Deals in Toronto in 2019

Steven Michael ThomasPosted
  • Rental Property Investor
  • Toronto, ON
  • Posts 13
  • Votes 7
Originally posted by @Victor Sagar:

Some investors and starting to get nervous. They are dropping their prices on new condo assignments. If you have pre-approval on your financing. The deals are starting to FLOW!

Hey Victor - where are you finding these assignments? We have money ready to go for any attractive deals. Are these mainly in Toronto or outside? 

Post: Hard money lenders in Toronto

Steven Michael ThomasPosted
  • Rental Property Investor
  • Toronto, ON
  • Posts 13
  • Votes 7

Feel free to DM me and let me know what you’re looking for. Thanks!

Post: Deals in Toronto in 2019

Steven Michael ThomasPosted
  • Rental Property Investor
  • Toronto, ON
  • Posts 13
  • Votes 7

@Florence Lee that would be amazing! I’d really appreciate that. Thank you in advance 

Post: Deals in Toronto in 2019

Steven Michael ThomasPosted
  • Rental Property Investor
  • Toronto, ON
  • Posts 13
  • Votes 7

thanks all!

Sorry I should have been more specific. I'm looking for 2-4 unit distressed properties for a BRRR approach.

Down payment could vary but thankfully I have a fair bit of capital to work with (up to 200k down), with around 200k for renovations

Does anyone have agents they would recommend in Toronto focusing on this type of home? Either right in Toronto, or close neighbours (Vaughan, Milton, etc)

Post: Deals in Toronto in 2019

Steven Michael ThomasPosted
  • Rental Property Investor
  • Toronto, ON
  • Posts 13
  • Votes 7

Is anyone doing deals in Toronto these days with reasonable numbers? I’d love to buy in the city but only seems feasible if you assume continued appreciation.

I’m mainly looking outside the city, but just curious if anyone is finding ways to do well on deals in Toronto currently.

Cheers!

Post: Kitchener-Waterloo agent and property management

Steven Michael ThomasPosted
  • Rental Property Investor
  • Toronto, ON
  • Posts 13
  • Votes 7

Looking for a good agent to help find small multi-family properties in the KW area as well as any property management companies people have worked with.

Just getting started in the area, so any help is appreciated.

Cheers!

Post: 2019 REI Goals - 20 Doors by 2020!!!

Steven Michael ThomasPosted
  • Rental Property Investor
  • Toronto, ON
  • Posts 13
  • Votes 7

Ambitious but inspiring. I’m going to take some time to set some goals myself! Thanks and good luck