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Updated over 4 years ago,
How to start investing in Montreal
Hi I’m new to BP and real estate in general. I would like to start investing in Montreal but I don’t know where to start.
I currently have 20k saved and can save an extra 3 to 3.5k per month due to my current job (senior iOS-backend developer). My goal would be to fully live from rental in 10-15 years if possible (is that feasible in Montreal with my current situation?).
I’ve been looking for a duplex as my first property, so that I could live on one floor and rent the other one (is that a good idea?). The areas I’m interested in are Rosemont, Villeray and Verdun. So far I can’t find anything that could generate a positive cash flow rent-wise.