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Updated about 8 years ago,
New member from Toronto, Canada
Hi guys,
I graduated from University of Toronto 2 years ago and I've been working a 9-5 since then. While I mostly love my job, I know it's not the way to build wealth (and actually have a life). So I've been doing a lot of reading and research into real estate and I am really excited to learn more and start.
I live in Toronto but the housing prices are a little daunting, I must admit (>450k!). I listen to BP podcasts and when I hear others talk about 70k duplexes I'm so jealous. I'd like to start off with a Duplex/Triplex - where I can either live in and get some landlording experience, or just rent all the units out. I'm trying not to tell myself 'I can't afford this', but instead to ask 'how can I afford this'. So I have a couple of questions and I'm hoping to get some help:
- As a beginner, should I be looking outside the GTA (London, Waterloo, Hamilton, even Gatineau totally outside ON?) where it might be more affordable - (<300k). Seems like there are a lot of triplexes in Gatineau for sale (from the ads on kijiji)
- If not, what are the best ways to find these deals in the GTA
- Can you recommend any meetups in Toronto/Mississauga/Oakville?
At this point, I'm still trying to learning so I'd even be willing to do some work for an experienced investor for the opportunity to learn.