New Investor From Guelph, Ontario, Canada

[Account Closed]

My name is Connor McGuigan from Guelph, Ontario, Canada. I have a couple posts on BP already but have not introduced myself, so here I go. I am 21 years old working full time as a truck driver, making what I would consider good money. I am looking to get into real estate, particularly rental properties with positive cash flow to start. I've been pre-approved for a mortgage and I am researching more and more every day. Whether it be listening to podcasts while driving, browsing the forums, looking at news related to the market, browsing the MLS, analyzing deals, I keep busy. Of course no one knows for sure where the market is going but as everyone says, pulling the trigger for the first time is the hardest part... So I'm looking to get in now. I am looking at house hacking a 4-plex to allow only 5% down while, hopefully, achieving positive cash flow. I still have a long way to go in improving my analyzing process but I have a spread sheet half set up that I've been using so far. Do to the nature of my line of work, I travel a lot. This makes me comfortable with buying somewhere not so close to where I'm from as it wouldn't affect me nearly as much as if I had a family or other things tying me down (I am open to relocating for a good cash flowing primary residence deal). Although I never took business classes in high school and I do not have any post-secondary education, I've always loved business in general since I was just a little kid. I started a property maintenance business of my own (self-employed, essentially just 'giving myself a job') for about a year, a few years ago (part time). If I stop trucking full time, which I could see happening in a couple years, I would also strongly consider starting a property management company as long as whatever area I am involved in has a need for a QUALITY PM company (it sounds like many areas are, in general). I have always had a tenacious work ethic and love building wealth.

[Matt Geerts]

Hey @Account Closed that you are in a VERY enviable position! Since you know how to swing a hammer and you won't be home all the time anyway, you can always buy a 4-plex and move into the worse unit to fix up, or ask the previous owner which tenant is the biggest pain in the *** - kick them out and move into their unit and fix it up.

I'm just "down the road" in London and we're getting some traction here with a very eager group of BPers, so feel free to join us for a meet up or pick brains on the forums.