Cash Sales vs Mortgages, and Todays Canadian Market

[Jessica Bolen]

Hi everyone! I am in Ontario Canada. I'm at the very beginning stages of learning about property investing. I'm hoping I can get some recommendations on good readings or pod casts on the two topics: (I am more concentrating on the BRRRR method)

I'm having a hard time understanding the benefits between buying a house cash, or using a loan/mortgage. I hear using cash is a big mistake, and you never want to use your 'own' money- but I would love some education on why! 

And, How is everyone doing the BRRRR method in todays market? Ive been reading that your rental income should be approximately 1% of the total cost of the house, (i.e. on a $150,000 house, rent should be $1,500monthly...roughly). But in todays market, average prices for a single family home are $500,000-$700,000... And rental prices are no where near that (even if you had the property as a duplex). So, if any one has any recommendations in todays Canadian market for the BRRRR method, that would be great!

Any other recommendations or advice would be amazing! Thank you!!