The idea for today's pod was born after a riveting conversation on a flight to Florida. I'm happy to host Matthew Lee & Ming Lim from Volition Properties to learn how they've built wealth through investing in multifamily properties in the Toronto core.Discussion Points:- Introductions - worth it, I promise (1:30)- Introduction to Volition (8:15)- The investment thesis for multifamily in Toronto (10:35)- Investment locations (19:50)- Why tenants are so critical to the business model (23:45)- Are there opportunities currently in Toronto? (25:30)- What about areas outside the city core primed for more gentrification? (29:55)- How do you turn properties into meaningful cash flow later? (33:30)- The numbers behind a recent deal (44:55)- How many properties does one need to exercise this strategy? (48:10)- Price per square foot, the reason for 2-3 bedroom suites (51:00)- 101 on laneway suites & the status quo in Toronto (53:20)- Parting words (1:01:15)Volition Properties:FREE Monthly investor meetup:https://www.meetup.com/Volition/Detailed info on the condominiumization meetup Oct 29th, 2024
https://www.meetup.com/volition/events/302351457/?eventOrigin=group_events_list
Contact info:
info@volitionprop.com www.volitionprop.com 1-877-416-BRRRwww.facebook.com/VolitionPropwww.instagram.com/volitionpropertieswww.ca.linkedin.com/company/volitionpropwww.youtube.com/@VolitionPropertiesPhysician Financial Wellness Conference:
https://www.physiciansficonference.com/Yatin Chadha:
Email: beyondmdpodcast@gmail.comLinkedIn: Yatin ChadhaWays to support beyond MD:
Share beyond MD with your networkAmex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP