Skip to main content

Beginner in Real Estate

Hi there,

I am writing because I am a beginner in Real Estate and I’d like to get some advice on how and where I should start. A bit about myself, I live in Toronto and work full time in a Big 4. I haven’t saved that much at the moment but I want to start hunting some deals to get the pulse of the market here in Toronto and the suburbs. I’d have some questions to start:

  1. I did some research online and I found the following trainings/communities focused on Real Estate investment and more. Some of them cover the financial independence topic as well. Question, do you recommend those trainings? Which communities and tools you recommend for a beginner like me in Toronto?

— Grant Cardone (US)

— Kris Krohn (US)

— Matt McKeever (Canada)

— Graham Stephan (US)

— QLRR (Fr)

— Theo Elliet (FR)

  1. Other posts I should read on Reddit forum to start?

  2. As a first investment in Real Estate do you recommend buy for myself or buy and then rent it?

  3. Do you recommend starting with an asset which needs a lot of renovation works or a brand-new asset or even buy on a plan?

  4. What kind of asset do you recommend: Condo, multi-family, parking spot etc.?

  5. Some areas you recommend around Toronto?

  6. Do you know some good conferences or networking events I should attend in Toronto?

Thanks in advance for your response to my “basic” questions. Some guidelines on where and how to start from investors are always welcome.

Cheers!

submitted by /u/lexignot
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ck272u/beginner_in_real_estate/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...
Post a Comment
Read more