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Updated over 7 years ago on . Most recent reply

User Stats

33
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18
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Kolton Lynch
  • Hamilton, Ontario
18
Votes |
33
Posts

Between A rock and a Hard Place

Kolton Lynch
  • Hamilton, Ontario
Posted

Good Morning Bigger Pockets family, (Good Afternoon to some)

I have been learning as much as I can about investing, I have met a mentor, I have read books and have started networking as much as I can. I can honestly say since I have found bigger pockets my drive has shot way up. Now I am in a situation where I rent and my fiance and I are getting married next year. But I want to start investing now. Is it smart to buy duplex - fourplex now to build my portfolio and use my RSPs to knock away land tax since it will be my first purchase or would it be smart to buy my own home with my wife? I feel stuck and do not know what to do. any advice would be appreciated.

Thanks 

Kolton

Most Popular Reply

User Stats

199
Posts
190
Votes
Anthony Hurlburt
  • Salt Lake City, UT
190
Votes |
199
Posts
Anthony Hurlburt
  • Salt Lake City, UT
Replied

A four-plex's value is most commonly based on comps not on NOI. That is usually reserved for commercial properties, which are complexes with more than four units. I would recommend a four-plex and house hack as a starting strategy.

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