Newbie from Barrie, Ontario

[Hector Li Chang]

Hi everyone,

I'm interested in learning about real estate investing. My assets are primarily our mortgaged home (55% of value mortgaged) and a growing equity portfolio. I think we're going to stay mostly in equities in the near future, but we could possibly diversify into real estate down the line.

We're aiming to be financially independent over the next decade. I'm apprehensive about investing in real estate in Canada given the possibility of a correction once interest rates start to rise again. I would like to learn about commercial real estate and multi family units. 

My parents own several rental properties and I'd like to help them manage them as well as they near retirement themselves.

Looking forward to learning from everyone here!

[Gary McGowan]

Hi @Hector Li Chang welcome to BP. I own properties in Barrie and elsewhere, You're in a great area for RE Investing. I would start by connecting with people that have had great success and some failures in RE. Talk to them about how they are buying and managing their properties. Attend some local RE Clubs. My good friend runs one up in Midland. I also run a monthly meetup in Newmarket. We have a number of people that travel down from the Barrie area to attend. Always new topics and never any selling! All education. PM me for info. 

Feel free to reach out, I enjoy helping others with their RE journey.