On a subject to deal, if you can convince a property owner you are going to stick with it, you can get a head start in the business rather than waiting for your credit to catch up with your ambitions. 

Hey Jason, You are probably the 5th young Canadian on here that I have massive respect for because you obviously have goals and ambition that many lack these days. 

I love your drive and ambition, good luck.

@Nick Doria - I love your ambition to own 1,000 units and I have confidence that you can do it (you're going the correct route by asking such questions).

Of course the answer is: it depends ie. there are too many variables, including your own goals and ambitions, to be simplified down to such a bland rule.Mind you, that is why so many properties are over-priced in the first place - so someone like you might come along and Offer 80% of list price and THINK they've scored a bargain.

For being 24 years old i have tons of ambition and I'm eager to create a life of financial freedom and break away from the 9-5 job

Hey Alli, I respect your ambition!  

You are not alone in your real estate ambition.

You are not alone in your real estate ambition. 

The marriage was always stagnant; it's just at the point where it's time to move shop and for him to actually pursue his ambitions (his wife has no ambition).