New Investor from BC - First steps to take
Hi BiggerPockets,
I am a totally new potential RE investor from Vancouver, hoping to make my first purchase next year.
I was introduced to REI about a month ago, with no previous background on the subject whatsoever, and have since then started reading books and conducting research. So far, it is A LOT of information to take in but I am enjoying every second of the journey.
I set a goal of purchasing my first property (around $500K price point) next year which I plan to house hack; this seemed like a logical strategy to begin with considering the housing price in Vancouver. My main interest from that point on is to carry out the BRRRR method to expand my portfolio.
So few questions to the real estate masters in the forum:
1. Could you please offer some detailed insight as to how/what to look into for a new starter?
2. Are there any Canadian version of something like BiggerPockets? While we are close neighbors, it seems like everything is drastically different b/w Canada and US in terms of REI!
3. Is BRRRR method feasible (or mathematically worth doing) in Vancouver region?
Also if anyone in Vancouver would like to get together and connect, please let me know!
Thank you in advance to everyone - look forward to your replies!