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Updated over 3 years ago,
Where to invest - Young investor
Good evening everyone,
I am 19 years old living just outside Toronto in London, ON and I'm looking for some advice on how to proceed with finding my ideal market to invest in. My city has had an explosive year and price to rent ratios are not the most ideal at least from the small amount of properties I have analyzed. I'm wondering if my home market is suitable and I'm just not finding the right deals. I have narrowed down my plan to focus on multi family properties with a large amount of my interest set on using the BRRRR model. I have been reading plenty of books, listening to podcasts, analyzing deals using the BP calculator, and I feel as though a hurdle I need to overcome is searching all over the place and not focusing in on a particular market. So far I have only been looking on the MLS trying to get a feel and begin taking some action. If anyone would like to weigh in some thoughts on my situation I would love to hear what you all have to say. Thanks!