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Updated almost 3 years ago,
New investor with many questions
Hello BP investors
I recently discovered this site and hopefully I can get some guidance on my first property.
I am 55 and my goal is to find some cash flowing properties to supplement my future and possible early retirement. I have just renewed my mortgage and because it is almost paid off I arranged for access to a line of credit. I am in east Gta and was looking in the Kingston area for an investment property but it seems the purchase price is steeply rising and therefore cashflowing a property is going to be difficult. I am now looking on the east coast but I would need make some contacts and or recommendations for investor focused agents and potential property managers before heading out there for a week to look at properties. I have been reading the posts here and noticed that people seem to be focused on Newfoundland and Nova scotia. I have been looking at the prices in St Johns NB and Moncton and curious why they havent been mentioned here, am I missing something?
Thanks for your input and have a great day