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Updated over 8 years ago on . Most recent reply
23 yr old Investor in the Montréal, QC, Canada Market
Hey I am new to the BiggerPockets community.
I am 23 years old and I bought my first property (A Duplex) a couple months ago. I have been doing alot of major work on it and it is now rented.
I am looking forward to do many more deals
Most Popular Reply
@Chris Walters, As I said, I looked for the deal for about 6 months... I found it on the MLS I have a real estate agent that would call me as soon as new deals came out, and I would go and visit them.
I totally agree it is very hard finding something with a good cap rate in Montreal, because it is kind of expensive espicialy for beginners like us...
That's why I chose to get my buy and hold on the south shore of Montreal. It takes me 4 minutes to get into Montreal. The other thing that helped me is that I was looking for something that needed alot of work put into it. When I am done (In 9 months max) I will refinance it and try to find another buy and hold that needs major renovations.