New Investor Strategies in Winnipeg, MB

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Hey Everyone,

My name is Kekeli, A 28 year old single guy looking to buy/invest in my first property in Winnipeg, MB. A few well chosen words on google search led me to the bigger pockets platform, which has proved to be an amazing resource so far.

I was hoping to get some feedback on my current plan, and or some advice on other options to consider if possible. I would also love the chance to meet some local winnipeg investors I possible, network and make some new friends (coffee’s on me lol).

A bit on my current financial state:

I have 100,000 to work with and according to my mortgage broker, I’d be eligible for a mortgage of ~375,000.

I was looking at getting a duplex, living in one unit for 2-5 years while renting out the other. When I raise enough money for another duplex I’d move into that one, fully rent out the first one to generate some cash-flow, and repeat.

So far that’s what I came up with based on the information I found on this site, but I’m not sure if there are better uses for the capital in the winnipeg market at this time. So if you wouldn’t mind sharing some strategies with me, does that seem reasonable and would would you do anything different if you were in my shoes?

Any and all assistance would be greatly appreciated!

Thank you!