What Works in Toronto’s Uncertain Real Estate Market – Episode #206

There is fear in the air and this brings uncertainty in the market. Prices have come down since April 2017 so let me explain what investment properties work in today’s market in the Toronto Beaches and surrounding areas.

Duplexes – still tough to get them to work but as prices continue to level off there are some properties that may work

Triplexes – all day – key is to buy in the right location with the right type of property and converting it into a triplex (must make the quality finishes and layout work in order to attract the right tenant profile)

4-6 units – creating them is your best bet.

Most of time, the best strategy is to create your investment property / income property. To buy a turn key property on the open market will almost always not cash flow in today’s market in the Beaches and surrounding area. You must be willing to create it.

BIGGEST CHALLENGE:

Buyers don’t have the time, expertise (know-how), or capital required to create these income properties.

SOLUTION:

If I can provide you with the team that will create it for you (which eliminates the time and know-how) then that eliminates 2 out of the 3 biggest challenges.

Then how do we come up with a solution to #3 (capital required)?

3 options:

1. You do this solo with your own money (ideal)

2. Borrow it from a HELOC (2nd best option)

3. Partner up with someone you trust who has capital that you are willing to share the profits with

4. The 4th option is to contact me as I am working on this new strategy/program to help investors own a piece of Toronto real estate with little money down

Call me at 416-885-2010

OR even better

Send me a message on my website “contact me” page. www.BeachInvesting.com

Look forward to chatting soon!

How To Legalize Triplexes in Toronto – Episode #204

I just hosted a workshop on How To Legalize Triplexes In Toronto.  Fantastic topic with a ton of information.

I did not record the workshop so I will summarize briefly what we talked about and I encourage you viewers to contact me if you want to learn more.

We discussed the following:

  1. Why people want triplexes in Toronto
  2. Why triplexes are the next best investment model right now
  3. Multiple exit strategies
  4. Should you buy a turn-key triplex or create one
  5. How to increase your ROI
  6. Key things to know when creating a triplex

This workshop was over 4 hours in length and it could have easily lasted longer.

We had the following speakers:

Architect

Realtor

Mortgage Broker

Investor

Contractor

Insurance Broker

Everyone had valuable things to share and teach.  I learned a ton of things and we came up with a “one stop shop” solution for those of you who want a triplex but don’t have the time or expertise to create one.  If you are interested to learn more I encourage you to call me 416-885-2010 or contact me on my website: contact me