Rental Properties in Canada (GTA) :)

[Ann Shereck]

Hi, I live in the GTA in canada. I'm trying to get started in real estate I have 30k  cash to work with. However the houses in the GTA are at cheapest 300k, many of those are condos. I'm very confused where I should put my money to get a cash flowing property tht makes 0.8-1% of purchase price per month. Any help would be appreciated!!! Thanks:) 

Also I only have 30k cash however I can prob get more via partnerships, if that will help me get better deal. Once again thanks for help!!!

[Melanie Dupuis]

@Ann Shereck Hey Ann, 

If you are looking for cashflow, I would suggest secondary markets. Hot markets lie GTA, Vancouver, Ottawa, Montreal will give you a higher appreciation year over year. However, you state you are looking for cashflow. Northern Ontario has a lot of great secondary markets that cashflow very well.