House under contract

[Chris Bisaillon]

I put my first offer in on a 3 unit house! Got it under contract, had my inspection. Keeping my fingers crossed that everything works out and that I didn't make a bad deal.

[Nathan Roberts]

@Chris Bisaillon if you have the resources to purchase additional properties thats great. It will take years of passive income to save for a downpayment on another house. Buying this property may be a way to slightly increase the capital you potentially already have saved. Your contracting experience can be an opportunity to add sweat equity. Also, rental properties are less volatile to market changes than fix and flip properties. This will allow your investment to remain safe assuming everything else is good.