New member from Toronto, looking for my first investment property.
Hey everyone!
I have stumbled across Bigger Pockets many times while researching various real estate topics over the last few months. I happen to stay on the site the last time and decided to create an account as there is lots of valuable information. Especially for a new real estate investor such as myself. I look forward to learning from other investors here on BP, including those living in the GTA.
I have been working as a private investigator for about 5 years. Over the last year and a half I have been running my own business on the side, which has sparked my interest in entrepreneurialism - especially real estate investing. After reading Rich Dad, Poor Dad, other books from Robert Kiyosaki as well as several other real estate investing books, I feel I am ready to take the next step.
I currently own a condo in downtown Toronto which I had purchased 3 years ago. I am in the process of putting the condo on the market. My plan is to buy a property in the GTA to live in but also rent part of it out. Either a multi-plex or a detached with an in-law suite/ finished basement apartment. My goal is to buy another property a year after the initial property purchase - another multi family, preferably a duplex.
Thanks BP for the great resources! Looking forward to learning and networking.
Cheers.
Alex