Purchasing Rentals Using Home Buyers Plan

[Joseph Cianchino]

Hey everyone , 

Interested in getting to the point of owning my first property and how to get the most out of where I live (Toronto). Unfortunately the First Time Home Buyers Plan only lends out $35,000 with 5% down instead of %20 and which is payable after 2 years which you must live in the property for one year. I’m looking for investors to help with owning and finding properties that aren’t more than $30,000 down with 5% down which is basically $500,000 condos and apartments with one bedroom. I need to purchase a property with this first time Home Buyers Plan and I’m also very creative when it comes to this and looking for deals. I’m not interested in buying a mobile home for $200,000 and maintenance fees of $1,600 per month. Anyways. Looking to find someone who’s done this before and how I can do this with becoming profitable at the same time if this can be done before please share and spread some light on this topic. 

Thanks. 
Joseph