Bonjour from Montreal, CAN!

[Sam McMillan]

Hi, my name is Sam McMillan and I would like to start investing in the real estate market soon. I have a nice-sized deposit and would like to make my first investment with as much confidence as possible. I am thinking of purchasing a duplex or triplex here in Montreal with around a 40-50% deposit, with the intention of holding onto it until I achieve 100% equity - then possibly resell and make a bigger play with the capital. I would appreciate any help or advice from people who have been in a similar situation or anyone else who'd like to help! I'll look forward to learning from you..

[Mike Lambert]

Hi Sam, it's great that you have decided to start investing in real estate. Just be aware that plexes in Montreal are very expensive so it might take you a long time before you get your equity back, unless you find a fantastic deal. Why do you want to put a deposit that high? You could put less (and buy more) and achieve your goal quicker. Alternatively, you could buy an apartment building with a lower deposit and reach your goal even quicker. What you would do also depends whether you are investing actively or passively. Feel free to reach out!