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Updated about 3 years ago,
Buying First Property
I'm looking to purchase our first property wich will be a rental, as I'm living with family at the moment. I'm thinking of starting small and simple. So a condo apartment close to where I live makes sense. However, it will be probably cash flow negative, as I live in Toronto, Ontario.
Does is it make sense to start this way and get my feet wet as a landlord and go from there?
Thanks!