new investor in canada

13 Replies

Hello everyone, my name is Mike and I am 23 years old.  I've been reading on bigger pockets for about 8 months now. I have always had an interest in real estate and now I believe I am ready to start investing. I am working at two well paying jobs and hope to acquire my first rental property in Spring 2016. I am currently looking into student rentals about 30 minutes from me. I am also interested in single family or multifamily homes after I get started. My plan is to acquire my first property and sit on it for a year or two and learn more from experience. After that I plan to buy a property every year as a rental and trade up for mini apartments and so on. I also have an interest for buying land as my long term goal is to become a developer and build modern style homes. That is my long term plan set for about 10 years from now.

@Mike Oliveira

Welcome to Bigger Pockets. You have given some thought to your plans. If you have time consider spending 30 minutes for 30 consecutive days on Bigger Pockets. You will receive an Addict award along with a habit; as well as continually learning and retaining useful real estate information without struggling. 

We are considered to be the average of the 5 people we spend the most time with so connect with REIA meetings, accountability partners, and mastermind groups to engage with individuals interested in real estate investing.

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                            Enjoy as you prosper.....

Hey Great job getting started! I'am an investor in the Waterloo region, but I know lots of other Canadian investors across the country. If you would like I can point you towards a local REI in your area and help you get introduced to your market. Just remember when reading on BP our country has more rules and regulations when it comes to investing so do your homework. I have a great article on how to leverage your way into that first investment property and how to present it properly to the RIGHT mortgage broker, I know it works because that's what I did.

If you are interested let me know Ill send you a link!

Hi Mike welcome! That is great to see you have a well thought out plan. I invest in Brantford so not too far from Hamilton.
The first one is always the hardest then it gets easier each time as you have a better idea of what to expect. I started in October 2013 and have bought one per year so now I am at 3 rental properties. Good luck and keep me posted on your success!

Hi @Mike Oliveira nice to meet you. I'm from Ontario as well, in the Kitchener-Waterloo area. My focus is primarily in overseas properties, namely, Japan because the dollar goes a long way. But, the thrill of real estate success is the same no matter where you are. Good luck!

Originally posted by @Samuel Sedore :

Hey Great job getting started! I'am an investor in the Waterloo region, but I know lots of other Canadian investors across the country. If you would like I can point you towards a local REI in your area and help you get introduced to your market. Just remember when reading on BP our country has more rules and regulations when it comes to investing so do your homework. I have a great article on how to leverage your way into that first investment property and how to present it properly to the RIGHT mortgage broker, I know it works because that's what I did.

If you are interested let me know Ill send you a link!

Hi Samuel. My nam is nick from orangeville. Send me the article on getting into,the first deal. Please and thanks . 

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