Truth About Real Estate Investing - What Properties Work in Toronto - Multifamily Development

In this week’s show, I’m joined by Ming Lim of Volition Properties, a Toronto Realtor and investor extraordinaire. Ming talks about the perks of investing in Toronto, like the abundance of high-quality tenants. However, with Toronto being one of the least affordable cities globally, investors need to adopt models of intensification and densification. Ming shares insights on how some investors are struggling with pre-construction condos, and how CMHC’s MLI Select program (offering cheap, 50-year amortization financing) can be used to invest in multifamily properties downtown. For all you Toronto investors, Ming has invited me to speak at his meetup. Join us here: https://www.meetup.com/volition/events/297931009/ 👉TIMESTAMPS: 0:00 Intro 9:31 Real Estate Investment Opportunities in the USA 14:02 Investing and Developing Multi-Family Properties in Toronto 16:17 Changes in the Toronto Real Estate Market 19:57 Challenges in the Preconstruction Condo Market 21:45 Renting vs. Selling Condos in a Slow Market 30:41 Regular People Enhancing Properties 38:01 Private Lending Challenges 41:52 Low Completion Rate of Garden Suites 43:43 Garden Suites Not Maximizing Space 47:26 Legal Requirements for Building a Laneway 59:44 Rent Sensitivity for CMHC Underwriting 1:03:28 Preserving Trees in the City 1:05:16 Toronto: Top Pick for Business-Friendly Projects 1:11:03 Condominiums as an Exit Strategy 1:14:48 Exploring Investment Opportunities with Family Offices 1:20:26 The Missing Middle in Housing Options 1:22:15 Government Intervention Filling Market Gaps _____________________________________ This podcast episode is also available on: 👉iTunes:https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294 👉Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr 👉Spotify: https://open.spotify.com/show/6Z8yd37AQfQI5DK0J0Xwzz 👉 Google Podcast: https://podcasts.google.com/feed/aHR0cDovL3d3dy50cnV0aGFib3V0cmVhbGVzdGF0ZWludmVzdGluZy5 AND everywhere else, you listen to podcasts! _____________________________________ 👉 WATCH NEXT: ▶️Real Estate Titans: Tools, Tactics and Wisdom for Canadian Real Estate Wealth: https://youtu.be/V_rCCuIjhSk ▶️Maximizing Rents With Basement & Garden Suites: https://youtu.be/c_n3oO_YSX8 ▶️Side Hustle 14 Houses in Georgia USA: https://youtu.be/E_w_8Y1xDyw ▶️A Canadian Cash Flowing $10k USD Per Month on 20 Houses in the USA: https://youtu.be/Oq9KSEUes1s ▶️Canada's Largest 🏢R.E.I. Conference: https://youtu.be/qGeD9Z9_fKY _____________________________________ 👉 WANT TO BUILD WEALTH WITH REAL ESTATE? If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients, please let us know. New investor or seasoned veteran investor, we can help anyone by providing our award-winning coaching services, and this isn’t all talk. Only work with the best is what my father always taught me. If you’re interested, drop us an email at [email protected]. I hope to meet you at one of our meetups soon. _____________________________________ 👉 SIGN UP TO FOR THE IWIN REAL ESTATE NEWSLETTER AND GET PODCAST EPISODES SENT TO YOUR INBOX: https://www.infinitywealth.ca/newsletter-yto _____________________________________ 👉CHECK OUT MY LATEST GUIDE ON THE BEST CITIES TO INVEST IN THE USA https://www.infinitywealth.ca/usreport-ig ____________________________________ 👉 FIND ME ON SOCIAL MEDIA: Facebook: https://www.facebook.com/erwin.szeto Instagram: https://www.instagram.com/erwinszeto/ _____________________________________ #truthaboutrealestateinvesting #RealEstateInvesting #canada #usrealestate #realestate #financialcrisis #erwinszeto #erwinszetopodcast #InvestingTips