All Forum Posts by: Samuel Sedore

I have worked as a restaurant designer for about 4 years in Toronto and now work as a art director (set design) in the feature film industry. I've invested time into real estate in northern Ontario. I built a house with my father and then sold it. I also flipped a cabin with my father which we now rent out during the summer. I have lived in Toronto for 9 years and I am excited to begin investing in real estate in this great city! I know I cannot invest alone so I am hoping to find an enthusiastic mentor! What I can offer in return is part-time design consulting to create more affordable, efficient and modern design solutions. I recently attended a real estate investment seminar and quickly found that many of the people that had attended the same seminar highly recommend BiggerPockets. Looking forward to learning from this vibrant community!

Henry Salonen

Best of luck moving forward I imagine that flip and reno experience will serve you very well in your first few deals! If you would like any information on my market let me know I can help educate you.

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Welcome! Best of luck with your investing career going forward.

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Good Luck Niagara is great for student rentals!

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The short answer is there is no way to put less than 20% down without mortgage insurance in Canada, but don't worry about an extra 20$ a month when you can find proper growth and cash flow. Also Nick you shouldn't be looking in that big of an area you have to become a geographic specialist if you want long term success and to become an expert. I would recommend picking an area to specialize in. I see you're in Orangeville, I grew up just outside of that area and will be there for the holidays. If you would like to grab a coffee or lunch and talk REI let me know, I can show you strengths of my market and what type of properties I find for my clients.

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No I'am a member of REIN though, that is usually my first place to ask. I will put the word out and see if anyone invests there.

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Originally posted by @AJ Van der Velden:

Good day Everyone.

I live in a small area of Canada and quite simply don't have a lot of mentors available in my area. I realize mentor ship works both ways so generally you want to have something to give to your mentor for all the advice they provide you with.

So my question is would it be smart to seek mentors in areas you are not near? I realize markets and everything would be completely different so the advice may not work in those aspects but would it be good to have "general advice" or strategies with multi family investing or just try to find someone in your local area the smart way of doing it?

Thanks for any input,

Hey AJ If you list me some towns near you, that are of interest to invest in I can reach out to some people in my REI group and see if there's anyone around there.

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We don't have note buying, but there are ways to get in rentals with 5% or more when presented correctly.

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Originally posted by @Aaron Choi:

Hi All,

It's a pleasure to join all of you in your financial goals, and potentially passions and careers. I am a young Engineer (recent grad) with some knowledge in financial investing looking to get into real estate. I am looking to learn more about assessing deals, findings deals and the intricacies of setting up a real estate portfolio (owning personally or under a corporation) in Canada. I am aware of the difference in scenarios between the US and Canada and would appreciate tips on how to use all of the tips from the podcasts and forums on BiggerPockets and apply them to the 250-300K starting price of homes in Calgary and Edmonton, AB.

I am consistent in my learning efforts and would like to exchange my savy-ness in MS Excel and spreadsheets automation to help you in return for any applicable knowledge you may want to share.

Thanks!

Aaron Choi

Good start Aaron! get as much free information as you can. Investors love spreadsheets!

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Originally posted by @Britney Gaudet:

Hi everyone!

My husband Adam and I are brand new wholesalers in Vancouver. We have yet to do a deal but want to get things rolling quickly. My question is: is Vancouver/BC a good market for wholesaling?

We are also in search of a great attorney and accountant who deals directly with wholesalers. Who do you work with or recommend?

Thank you, I really look forward to everyone replies!

-Britney

Wholesaling is very tough in Canada in general because our banking system is so safe and protects our citizens. But if you are truly interested go call bandit signs to find someone already having success in your market, Dont pay for any american based training most of its a waste of money it doesn't work in our market

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Originally posted by @Tea Doggett:

I am new to the real estate investing. I am just starting out mainly in wholesaling. I recently created a business page on facebook that I buy houses. I received a question if I buy houses in canada. I live in Texas. Is this possible to wholesale property in another country? Would it be very difficult? I have not responded back to the person who asked yet because I don't want to say no and it is possible to do? Thanks

Hey Tea

Not sure where you got the idea from, but being a Canadian I know many investors here. Less then 1% wholesale its much more difficult here our banking system is much safer we don't have undervalued properties in the same stock you do.

I think you would have an incredibly difficult time wholesaling here from Texas.

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All Forum Posts by: Samuel Sedore

Samuel Sedore has started 8 posts and replied 387 times.

Post: New Designer-Investor in Toronto, Canada

Post: Short Intro

Post: Self-Introduction: Big Hello from Niagara region of Canada

Post: Note buying

Post: out of area mentor?

Post: out of area mentor?

Post: Note buying

Post: Greetings from Edmonton & Calgary, AB Canada!

Post: Canadian wolesalers

Post: Wholesaling in Canada