beyond MD with Dr. Yatin Chadha

Ep #78 - Real Estate: Converting Equity to Cashflow Though Toronto Multifamily Investing with Matthew Lee & Ming Lim (Volition Properties)

Oct 24, 2024

01:06:48

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