Updated about 9 years ago on . Most recent reply
First Time Question: Should I Stay or Should I Go?
Hi BP'ers
This is my first post and may be a little long but hoping the community can help out the "New Guy"
I live in Canada recently refinanced my primary and only home to invest in properties. Here is my situation...absolutely everything I've been reading and listening to as far as returns seems to be geared toward the U.S. They talk about 1-2% rule and got to be honest those returns are impossible to find in my area where the average home now sells for 1.2 million. I have been informing myself and seems to be opportunity south of the border. The big question is in order to get good passive income and at least 1% return should I skip investing in my backyard to invest where it's possible to make a good ROI in a short time. Don't know who said this " Live where you want and invest where it makes sense" but I'm looking for some input and not partial to any turnkey vehicle that will take me there.I know there will be tax implications and a bunch of other legal stuff that's involved which I'm also hoping that someone with experience has will be able to guide or point me in the right direction.
Big Thanks