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Updated almost 11 years ago,
First House Canada
I am very eager to start out on my real estate investing path/dream. I have about $10,000 to work with and i want to leverage that money (although its not much) as best as possible. I live in winnipeg, canada and so the house prices arent as ideal as one would hope for buying property. What is the best way to leverage that money? I have been pre-approved for up to a 275,000 mortgage but that would tap out my income from my full time job...I'm thinking more along the lines of 200,000-230,000 depending on if i can buy something i can live-in and rent. Any advice would be greatly appreciated. I have thought about hard lenders as i have some family members with a bit of extra money. Not sure if i want a partnership though.. Thanks in advance!