Looking First Rental property in Ontario

[Musa S.]

Hi,

I am looking to invest in my first rental multi-family property in ON with positive cash flow

I dont have bigger pockets :( hardly have 40k in savings and 50k in HELOC.

I am looking for a cash flow property, self sustainable so I dont have to chip in for the mortgage, and possibly within 3 hours drive from Oakville.

I am also flexible to invest in far areas with help of property managers (as long as numbers make sense)

With above mentioned funds for the down payment, can anyone please advise which area or property type should I target? or I should wait and try to save more funds for the down payment?

Any suggestions will be greatly appreciated.

Thank you