Stay Renter While Investing...or Buy House With Private $$?

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Hi there,

I'm brand spanking new to this forum. I"m just about to turn 30. I live in Ontario, Canada. I work in commissioned sales as well as market online. I really want to get things going in Real Estate and become a fulltime investor. My ulitimate goal is to have a 6-figure/yr cash-flow, but also have a portfolio of propertied which are held are for long-term wealth creation. I'm starting basically from scratch. Here's my situation.

I currently rent an apartment for $800/month. I've done so for the past 4 years or so(different locations around town). I have very little in savings. I have read a few different books on investing. Mostly, I've stuck with "creative" real estate resources since I've heard this is a good place for someone with little cash or credit. I'd like some input as to what my best strategy would be to inable me to generate short-term cashflow in order to go fulltime and also to build wealth. I've recently joined my local Real Estate club, but they meet just once a month and the next meeting will be in April. From what I've heard, there doesn't seem to be anyone who's been very successful with lease/options or subject tos. Sounds like there are many people into rehabbing. Anyway, let me know how you think I should approach this business. Thanks.

Best regards,
mede