First investment strategy

[Daphne Wielunska]

Hi everyone, I am so happy I came across this forum where I can hopefully connect with like minded individuals who want to learn more and continue growing. I am 27 with two kids and have been a property manager for five years. I also powerlift 4 times a week. I love setting goals lol! I am currently renting and was strategizing to stay in the suite as our cost is so low to live at $1150. I have $50k to invest but am struggling where is the best place to put it. First barrier, we need to put 20% down on any investment property since that mortgage insurance is required so that means our purchase price needs to be around 300k. It is so difficult to find anything cashflow positive. Even in abbotsford I am struggling. Then you think about strata fees and how they fluctuate and the special levies that may or may not be assessed that you cannot necessarily pass on to your tenant. Does anyone have any suggestions how to start ? My mind has been thinking of many scenarios but would be amazing to hear other feedback. Thank you for taking the time. Cheers.