Out of curiousity, how are you arriving at that monthly expense number?

You can grow faster using leverage, but having free and clear properties means a lot less stress if anything were to happen..vacany, market crash, etc.

Well there is a lot of talk about a crash coming in real estate.

I'm glad our markets are a bit more civilized. Lol**************************************************************************************Fresh Reports Of Real Estate Rage Signal Turn In Chinese Housing Market ...

Do you really advise a newbie investor like myself to wait till the market crashes again?

I have about 4 years experience as a new residential home building partner pre-2008 before the crash.

I have about 4 years experience as a new residential home building partner pre-2008 before the crash.

I'm not a lawyer, nor CPA, and you need specialized advice.But here are some suggestions:- since you are dealing with partners, you need to have things very clear (what do you think it happens with the multifamily and the joint account if one of the partners hits someone's Lamborghini and crashes into a mansion and/or putting a person into hospital?)

What you don't want to have happen is you get the perfectly-appraised property and then the bottom falls out of the city it's in and the values go into the trash and you can't recover (different than a general real estate crash, because those tanked values will come back up...just don't sell while they are down).All the while, have that steady cash flow in place. 

Current sales went down but prices are still climbing.We recently invested in Victoria as it has the correct economic fundamentals in place (GDP, Unemployment rate, transportation and population growth)Banks in Canada have always been careful as far as lending (which has sheltered us from the 2008 real estate crash) and there’s no signs of seeing that change in the near future.