Seeking advice on real estate investment journey

[Nimit Gupta]

Hi,

I have around 60K that I can spare towards real estate. I still haven't purchased my first home. I want to understand my possible options to get started with real estate.
1) Should I buy my first house first? And then refinance it and buy another in 3-4 years. Currently I can purchase a 550K home in Toronto with 10% down payment (I am able to save around 30K in a year).
2) Should I not buy my first home and continue to live in a rented place and invest that money somewhere else?

I want to be in a better position in 5 years with some assets under my name.

Thank you in advance.