All Forum Posts by: Jason Meszaros

Thanks to all who replied, your input if very much appreciated! 

I do have further questions regarding mortgages however. Is it true that for first time home buyers 5% down only applies to a purchase of up to $500,000, any difference beyond that 10% applies? Also interested to hear if people use interest only mortgages to maximize cash flow? 

Hello all, here looking to get some advice as I look to make my first real estate investment! First off I'll explain a little bit about myself. I am 23 years old and rent a small one bedroom apartment with my girlfriend in Barrie, ON, Canada and have recently began a career in sales. I have become fascinated over the past few years with investing, particularly in real estate. My goal is to accumulate and hold rental properties with a positive cash flow, overtime essentially creating my own real estate "empire", however first I must get started. With little capital to begin my journey I am leaning towards finding a residential property (<5 units) to take advantage of a 5% down payment for first time home buyers, however from information I've gathered online I've found a few parties which recommend, if possible, to start with commercial properties (>4 units). I am also unsure, with my goal of accumulating many properties over time, if starting a corporation to hold the real estate in is something that should be considered.

Any advice regarding these topics would be greatly appreciated!

Cheers,

Jason

Hi all, First time writing in the forums. I am 22 years old living in Barrie, ON Canada, just north of Toronto. I have been researching real estate investing for a little while now and it is something I have become interested in pursuing while still working a full time job. 

The strategy I plan to use is investing in rental properties (duplexes, triplexes, fourplexes) to generate passive income, and in time be able to make my living solely from this income. I do understand that the market, at this time is in favour of sellers, so if you feel this is a bad time for me to begin investing with this strategy, please let me know. Anyhow, on to my questions.

First off, I am wondering the most accurate way to calculate an investment properties cash flow potential. Along with where I would find the cost of a units property taxes, maintenance etc. to input into calculations 

Next, who does one in Canada go to when looking for investor friendly financing and or low money down lenders for beginner investors.

Any information or guidance would be greatly appreciated!