All Forum Posts by: Thomas Lorini

Hi @Neil Da Silva I invest in a few cities in Ontario from the US. Get my leads mainly from relations with realtors. But also right off the mls. I've also met a seller right here in BP who I bought off of and just completed the flip. Curious to hear how others in Canada are finding deals as well. 

Of course you can do this. I live in the US and purchase properties in Canada regularly. 

Buying all cash is easiest as trying to get a loan will be a challenge. 

With my current deals i partner with Canadians who would qualify for the loan. 

There is a considerable advantage buying with US dollars however as you may encounter finding good cashflowing properties will be a significant challenge. 

I'd cashflow is your strategy. 

You should find yourself a good CPA who works with investors on both sides of the border. 

I agree with @Thomas S.

Have you worked out how much that additional income will really cost you? may still be worth it ...is bringing in a partner an option? How much has the 400k appreciated since your purchase in 2012?

Buying pre construction runs you this type of risk...not uncommon with Condos being delayed.  

you need to speak with a qualified mortgage broker who works with investors. 

for my tenants in Ontario I've used RentCheck.ca numerous times in the past. They have various types of background checks and even have their own internal scoring/grading system to help you make your decision. 

Welcome @Alex Friesen lots of great info and support here at BP. 

Wow very inspirational, congrats on your success and thank you for sharing!!!

I self manage with my properties in Canada and in live in Southern California. Anything is possible if you have the right team, right property and experience. If it's your first I suggest something closer, an hr isn't that bad. Once the place has been renovated and tenanted correctly your time should not be that much. All the best.