West Coast Canada First Time Investor

[Cole Blezard]

Hello who ever reads this!

I have been listening to Bigger Pockets for a few months now, getting ready for my first investment opportunity on Vancouver Island (west coast Canada). I just graduated university and am looking for a passive income as soon as possible! I know real estate is a lot of work and is filled with unknowns, so I have spent a great deal of time trying to forecast errors and get as much advice as possible before I dive in.

I know you can only do so much of this planning but after listening to a BP podcast and hearing them reference the website discussion I figured I should start posting asap for others in a similar boat to track my progress. BP is primarily U.S. based so getting applicable Canadian advice can be kind of hard.

My first question I would like to bring up to the board is whether a single family or multi family investment is recommended for your first investment?

Any advice will help!