Category: Toronto (5)

Welcome to Volition’s new blog series on construction projects!

I’m Florence (but everybody calls me Flo), the Strategic Initiatives Manager at Volition. I started attending Volition meetups in 2016, and the education and community here enabled me to grow my portfolio from a one-bedroom condo in 2013 to eight doors including legal triplexes in Trinity-Bellwoods and Little Italy in downtown Toronto.

I became such an advocate for Volition’s mission to help investors build wealth and achieve financial independence that I crossed over from the corporate world to join Volition and help grow the business.

Having been through several renovations including a 16-month legal triplex conversion, I am also applying my renovation and project management experience to oversee large-scale multi-family construction projects on behalf of clients.

For those who are new to construction, it feels like a black box with lots of pitfalls and things that could go wrong. It’s all true and not for the faint of heart, but it is incredibly rewarding to take something run-down and turn it into a warm, comfortable, and beautiful home.

The intention for this series is to journal two projects underway at our new property. I say “we” because this is the first renovation my boyfriend Fred and I are fully completing together. As you can see, Fred’s not afraid to roll his sleeves up and swing a hammer!

It is a detached house close to the Danforth on a 20.5’ x 140’ lot. We chose the neighbourhood as it has a great school and family-oriented community, proximity to TTC, and walking distance to retail infrastructure. These are characteristics to look for not only in your primary residence, but investment properties as well.

We chose the house due to the potential (dun dun dun…) – having shared walls with tenants and adjoining houses over the years, we value having a detached property. It’s an incredibly charming old house that is easy to fall in love with, and with the deep lot, offers options on what we can build over time.

On to the project details!

  1. Main House
  • About 1,400 square feet above grade and 830 square feet below grade. The barn/garage is 970 square feet
  • Original plan: Quick refresh of the kitchen by painting the cabinets, adding new countertops and appliances, plus a powder room
  • New plan: Drastically different after we confirmed asbestos covers much of the main and second floor walls and ceiling. Since the remediation involves stripping much of the material, we’re taking the opportunity to take down the interior walls and completely redo the main floor. There will be a new kitchen, new flooring, and we are adding a powder room and closet. Watch the video walkthrough and see what we have in mind!
  • We also conducted an energy audit as we are looking to improve insulation and efficiency, and will apply to the Enbridge rebate program
  1. Laneway Suite
  • I have been “house hacking” for years, and would like the luxury of living in an entire home by ourselves 🙂 I am still a real estate investor at heart, so we like the potential of a laneway suite to have rental income, but enjoy privacy and extra space for our own use such as a garage, office/workshop, and potentially support aging-in-place for family in the future
  • We love the existing barn/garage in the back and contemplated whether it could be converted to a laneway suite, but it would involve significant additional cost and removal of much of the existing brick and character to meet today’s building standards
  • Our property is eligible for a 2-storey structure at 1,340 square feet. The lot depth provides for the opportunity to build the entire second floor with a full height ceiling and not be subject to the 45-degree angular plane requirement

 

I am excited to blog about the construction process and share our journey with you!

Let us know in the comments if you have any questions, and I’ll do my best to answer them in future posts!

IN-PERSON Real Estate Investing AMA with the Volition Team – Ask Me Anything!

NEW Date: Monday, August 30
Time: 6:00 -8:00 pm
Place: Withrow Park
RSVP for free!

Your most pressing questions about real estate investing in Toronto – ANSWERED LIVE AND IN-PERSON!

Yes, you read that right. We know we’re not the only ones tired of talking to blank screens and desperately craving facetime with the community. In line with public health guidelines, we’ll be hosting this Meetup at Withrow Park!

Record-breaking prices, falling rents, strict stress tests, “the exodus from the city”, possible rising interest rates, impacts of Covid, Laneway Suites, is it worth it to do this reno or that, do I need to change how I invest in Toronto, how do you do a legal triplex conversion… These questions that keep you up at night are the very same concerns that we aim to address during our much-anticipated AMA!

We get it. Not knowing how to get started or how to take your investing to the next level during these times is tough. But you’re not alone, Volition is here to guide you.

The Volition team currently has personal holdings of $32MM+ and 55+ units. We also run the largest and most active Real Estate Investor Meetup in Toronto with 3,000+ investors. Since 2012, we have helped hundreds of investors build over $100M of wealth and have changed countless financial futures along the way.

On August 30th, we’re offering an opportunity to have your burning questions answered by the Volition team in a live “Ask Me Anything” session – no topic is off the table!

We welcome (and encourage!) you to submit your questions to us at info@volitionprop.com beforehand, then join us live to engage in the conversation.

Your questions + our Real Estate Investing Advisors = the most valuable 2 hours you’ll spend all week.

——

The Panel:

Matthew Lee – A real estate thought leader and advocate, Matt is passionate about the transformative change that real estate investing offers when done correctly. Having learned hard lessons from previously “chasing the shiny object” when investing in small towns, he has now created the Volition investing business model (an investment business model that actually works in the Toronto market) predicated on risk-mitigation, scalability, and resiliency, which he has taught to thousands of aspiring investors.

Ming Lim – Ming is a passionate educator and has 20 years of real estate investment experience in Toronto, the GTA, and Southwest Ontario. He purchased his first investment property in 2001 and has been hooked ever since! Ming has a dual role at Volition Properties as both the Head of Advisory and Construction. He mentors and guides new and experienced investors who are interested in purchasing and developing in the Toronto market. Ming’s background in Computer Science from the University of Waterloo and construction experience give him a unique analytical lens on investing, and a practical approach to implementing investing strategies.

——

The logistics:

To help ensure everyone gets the most out of the event while staying safe, please read the entire post before attending.

Location: Withrow Park

What to bring: Something to sit on, personal snacks or drinks, your questions!

Food and snacks: Please leave no trace and dispose of all your waste at home.

Masks: As per public health guidelines, masks or face coverings are strongly recommended in all outdoor spaces when physical distancing cannot be maintained.

Weather: If rain is forecasted, we’ll reschedule to a later date. This will be communicated to registrants the morning of the scheduled date.

RSVP for free!

——

Volition Properties

Volition Properties is an award-winning Toronto boutique real estate investment firm. We provide real estate education, help clients buy investment properties, renovate and build income properties, and have sophisticated property management. We have helped clients invest over $228MM in real estate in the Toronto area – we can guide you too!

Massive Action: From zero to 90+ units before the age of 30!

Date: Wednesday, July 21, 2021
Time: 7:00 – 9:00 pm

You’ve listened to them on podcasts, watched them on YouTube, and seen them featured in Toronto Life; now they’re gracing the Volition stage!! Volition is thrilled to welcome Austin Yeh and Mayu Thava, real estate investing superstars and leaders of RISE Network, as guest speakers!

Like many others, Austin started exploring the world of real estate investing after reading the classic book Rich Dad, Poor Dad. UNLIKE many others, Austin took massive action and has grown his portfolio from 0 to 40 units in just 3 years.

Mayu grew up fascinated by real estate and took quick action after graduating from university. Since then, he’s applied the lessons he’s learned to grow his portfolio to over 50 units.

Impressive, right? (And we haven’t even mentioned their ages yet!).

Austin and Mayu both quit their full-time corporate jobs before the age of 30 and will be revealing their strategic investment strategies. They’ve worked hard to put the right systems, teams, knowledge, and education in place and will be sharing how you can do it too.

You’ll learn:
– How to scale with minimal capital
– How to invest in long-distance real estate
– How to leverage social media to scale your investments
– How real estate helped them quit their full-time jobs

Watch the FULL recording below:

 


Austin’s Bio:
Austin Yeh is a 26-year-old full-time real estate investor and entrepreneur. Starting off with only $40,000 in cash less than 3 years ago, Austin has managed to scale his portfolio to over 40 rental units with properties in Windsor, Sudbury, and Toronto through using Other People’s Money (OPM) and with his own personal funds. In February 2021, Austin officially retired from his full-time corporate job to work on growing his real estate wholesaling business, called Ontario Property Deals, with his business partner, where they have ambitions to grow revenue to over $1mil in its first year of operation. Furthermore, Austin is the founder of RISE Network, a real estate community with over 5,200 members which serve to help, educate, and inspire all members to use real estate as an asset to achieve wealth and freedom. Austin is also the co-host of RISE Real Estate Investing Podcast, a Canadian real estate podcast which educates the everyday investor on how to invest in real estate through interviewing experts.

 


Mayu’s Bio:
Mayu Thava is a 29-year-old full-time real estate investor, mortgage agent, real estate coach and flipper. Mayu built his real estate portfolio through leveraging unsecured lines of credit, which today has allowed him to create a portfolio of over 50 rental units across Windsor, Sudbury, Kirkland Lake, New Brunswick and the GTA. In May 2021, Mayu left his full-time corporate job to jump into the real estate and financing world full-time. Mayu is actively involved in growing the RISE Network and a co-host of the RISE Real Estate Investing Podcast both of which are focused on educating everyday investors on how to successfully invest in real estate.

Toronto’s Next Hottest Neighbourhoods! Why and how to invest there!

Date: Wednesday, June 23
Place: Zoom
Schedule:
6:30 – 7:00 pm: Online networking
7:00 – 9:00 pm: Presentations
RSVP for free!

Get ahead of the masses!

Volition is going to show you four neighbourhoods to keep an eye on which have the potential of turning into Toronto’s Next Hottest Neighbourhood. We will walk you through “Why this neighbourhood”, the pros/cons of each, and which investment business models work in these areas. This isn’t just throwing a dart at a map and hoping that we get lucky; this is based on decades of investing experience, deep analytics, and most important, synthesis of these findings into viable investment strategies.

Firstly, we will teach you the FUNDAMENTALS (BOORRRING, but necessary!). We will help you understand what drives the popularity and growth of a neighbourhood. This will include validating the framework by applying it to other areas that have gone through similar gentrification cycles.

Second, we will apply our RESEARCH to help us narrow down the areas in Toronto that have potential.

Third, we will break down and ANALYZE these areas to determine how well they do (or don’t) fit these criteria according to the well-established economic fundamentals and framework.

Last, we will SYNTHESIZE our learnings into real-life investment strategies that are suitable for those areas.

**BONUS** We will be talking about pitfalls, things to look out for, and things to be aware of when embarking on a higher-risk-but-higher-reward business model… and most importantly, what to do to mitigate those risks.

This is groundbreaking stuff! Volition is always looking 5-10 years ahead to understand untapped potential and opportunities that others can’t see. By getting ahead of the masses, you have the potential to outpace Toronto’s average appreciation rate, outpace Toronto’s average rent growth rate, and get in early while prices are relatively low before the average Torontonian starts looking at these areas!

Join our Mastermind Meetup here: www.meetup.com/volition

Access the slides (all 124 of them!) and the FULL recording below.

4:52 – Market Minute: Sales volume, average prices, new listings, sales to new listing ratio

13:54 – Volition Market Data: Tracking home price index in like-for-like properties

18:09 – Introducing the framework for Toronto’s Next Hottest Neighbourhoods

34:48 – Applying the framework to narrow down Toronto’s Next Hottest Neighbourhoods

51:08 – East Harbour

1:19:16 – Case Study: East Harbour

1:25:24 – Dovercourt-Wallace-Emerson-Junction (Triangle)

1:35:04 – Case Study: Dovercourt-Wallace-Emerson-Junction (Triangle)

1:43:32 – 5 Neighbourhoods with transit + gentrification

1:52:09 – Mt. Dennis

1:59:29 – Science Centre

2:08:40 – Summary of Toronto’s Next Hottest Neighbourhoods

Connect With Us And Start Your Real Estate Investment Journey

Whether you’re a first time investor or a seasoned pro, our experts can help!



    FREE "TOP TORONTO NEIGHBOURHOODS TO INVEST IN" VIDEO!

    SUBSCRIBE TO OUR MAILING LIST AND LEARN IN 10 MINUTES THE BEST NEIGHBOURHOODS TO INVEST IN TORONTO AS A GIFT!

    Video will be emailed to you!