All Forum Posts by: Sheldon Caruana

Investing with the ACRE system by Don Campbell, is a great stragety book specifically targeted to Canadian real estate markets! 

@Duncan Pratt, I realize I  was referring to the mortgage incentive 

Hey everyone, looking to purchase my first property, I'd like to make real estate my full time career, and I'd like to start now. I'm currently working full time, and have a 10k line of credit along with 12k non liquid assets. I live and work in Brampton, Ontario and know that with the first time home buyers plan I only have to put down 3.5%.  So it seems like I'd be able to close on a deal that's under 250k. 

I was leaning towards a live in flip, but there's no way I can find a property under 250k in Brampton. Any suggestions as to where I should start? Is a cash flow property worth it? Should I team up with someone to take advantage of the new home buyers plan and try to make some money on appreciation?

Not really sure where to go from here! I'd like to build a portfolio of cashflowing properties, that appreciate over time and refinance or sell them maximize profits. 

Is there an area in Ontario that's good for this right now, outside of report posted by Rein? 

Thanks!