What would you do with $100K if you were just starting out?

[Ashley Renders]

Hi everyone, 

My fiancée and I are new to real estate investing. We bought our first (and only) house in November and rented it out to a family in December....And now we're hooked!

We want to scale our real estate investments so we can live off of the cash flow as quickly as possible. AND we're lucky to have $100K in savings at our disposal. 

What would you do in your first year to make this money go as far as possible? Are there any mistakes you wish you would have avoided? We're all ears and grateful for any advice the Bigger Pockets community can offer!

Also, I should mention we live in Canada and we invest in southwestern Ontario where our parents live. We live and work in Toronto but aren't particularly interested in purchasing properties here.

Thanks!

Ashley

[Roy Cleeves]

I think it would be best to find a multiplex that you can buy with that down payment in your area.   South Western Ontario should have decent appreciation.  And by getting a triplex  or bigger it will ensure that you have positive cash flow.