There are various meetups that pop up when searching real estate investing on meetups.com. Most of these are hosted by real estate agents/ mortgage brokers targetting completely new investors who are thinking of getting their first rental property. Most of these sessions are basically a sales pitch by the agent/broker hosting the event to get new clients, and don't offer much to more experienced investors. If you or anyone find a meetup that is geared more for experienced investors to network, please share.GaryR28626 wrote: ↑ Good day folks ,
I was wondering if there is a meetup group in Ottawa for Real estate investors (residential).
Would like to meet up with like minded individuals and/or real estate agents who can help build real estate portfolio in Ottawa and surrounding areas.
As we all know home prices keep climbing up and it gets tougher to get mortgages day by day, would be ideal to partner up with a real estate joint venture (JV) to leverage rental portfolios.
As for JV, I personally think it is a minefield filled with gazillion things that can go wrong. Real estate investing is tricky enough even when one party holds all the equity position, calls all the shots, does the work, and eats the resulting profit/loss. I don't want to undertake the risk of a disagreement between partners (even something trivial like who does the emergency toilet fix, and how is that effort and time compensated by the other partner) and subsequent fallout/ lawsuits. The only arrangement where I think where JV can make sense is if one partner fronts all the capital /financing and stays passive, while the other partner is responsible for all the work like maintenance, tenant selection, etc. Even in this situation, I think the active investor should just take a private financing at a higher rate, and the passive investor should park their money in a MIC.
Lastly, I'd be down to go for beers/ coffees to listen to what other people are doing to make money in real estate.