All Forum Posts by: Christopher Baldesarra

So, I'm ready to start looking for a property in the Hamilton area. I've got capital, been to the bank, etc. I had my hopes on purchasing a triplex (or 4 plex if possible) for my first property and living in one of the units. I've spoken to both a mortgage broker and realtor about rising house costs, and about how the BoC has already stated a non-gradual interest rate hike, etc. And they both said it was not a great time to buy right now. So I'm not sure what to do, wait or start looking?

Trying to find some solid reading material focusing on Canadian Real Estate investing. There seems to be a lot of books to sift through, which have a lot of negative reviews. Can anyone suggest some reading material that is not mostly "fluff" or motivation driven, and contains some solid strategies to start and grow a Real Estate portfolio in Canada? All suggestions are very appreciated!

I am looking to purchase a 5+ unit building in the near future either in Hamilton or the surrounding area (wherever I can find decent cash flow). I was wondering if I decide to live in one of the units, will I have to provide less of a down payment? Anyone have any experience with this scenario? I have never owned property and am currently renting. I thought it would be a good first step into the REI world. Any thoughts and comment are appreciated.