Campbell told a crowd of more than 500 real estate investors at REIN’s Multi-Family Investing Bootcamp, held at the International Centre in Toronto last weekend, that there are plenty of opportunities for them to enter the commercial market. They just need to leave the 30-plus-unit buildings to the REITs and pension plans, and buy smaller multi-family properties.
“For the average Canadian investor, between 12 and 30 units is the perfect sweet spot because you can get good cash flow, and at the same time you don’t have the giant competition with the big companies,” he told CRE Online.
Campbell said he hopes the event will cause every serious investor to take a close look at the benefits of multi-family investing and to remember to do their homework before they buy.
“I want attendees to be able to decide whether or not multi-family investing is for them because it takes more capital. And it’s not get rich quick. We want to make sure that everyone has a long-term mentality,” he said.
“Second, I want them to not leave here buzzing and excited to buy a multi-family property, but I want them to understand that this is a business and it take some effort and capital to get in.”
Campbell suggested that interested investors first start talking to other real estate professionals, such as accountants, lawyers, mortgage brokers and Realtors, to get a feel for the market before purchasing any properties.
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