Starting with 80k in Funds

[Jeffrey Kay]

I have around 80k saved up... and was looking to buy a property for cashflow. Never owned real estate before, so open to anything - Alberta, Maritimes, USA... I live in Vancouver and nothing I can buy there.

[Chris Baxter]

@Jeffrey Kay  unfortunately, nobody can make that decision for you, but it's important to make sure this doesn't prevent you from getting started. Here is a workflow that can be useful:

1. Pick a market based on metrics that make sense to you. Some of the metrics and filters I consider are
   1. Price to rent ratio
   2. Price per door
   3. No rent control
   4. Up-trending and diverse economy

1. Build a team in your chosen market with lots of interviews (ideally in person)
   1. Realtors
   2. Property Managers
   3. Local mortgage broker or lenders

1. Identify the type of property you are looking for (as specifically as possible) and share that with your team
   
2. Be prepared to take action as soon as a property that fits your criteria materializes