how should i start investing in Real Estate with 30k in canada

[Vemmanath Vasudevan]

how should i start investing in Real Estate with 30k in canada?

[Devin Solberg]

@Vemmanath Vasudevan

If you’ve done lots and lots of research, and are ready to purchase, my suggestion is to find a “house hack”. Essentially find a home for yourself where you can rent out additional rooms, and/or with a 2nd unit that you can rent out. If it’s something you can add value to, that’s even better. This may be difficult to do in more expensive markets, but even in smaller markets you could eliminate your living expense and generate some cashflow. If there’s value to add, you’ll be able to do repairs and refi quicker to pull out equity.