All Forum Posts by: Daniel Puglia

My partner and I have made off with a pretty good payday after selling our ON primary residence, we are looking to deploy the cash into Eastern Canada where homes are cheaper. I am just curious if anyone has insight on the idea of using our cash to buy a place outright, no mortgage and then renting it for cashflow, using the cashflow for our next place/project or if it would make more sense to split up our cash and purchase say 2 properties with significant down payments and small mortgages, rent them out and aim to be mortgage free on both within 5 years(ish). Hopefully, I've explained the question properly, I am a complete novice, any insight would be greatly appreciated.

dan pugilia

My wife and I were fortunate to have made some great returns on sale of a SFH in Ontario, looking to deploy the capital gained in the Eastern Canada market, specifically, Halifax, Moncton or St. John we've been looking into. I am a newbie in this forum and have listened to many podcast episodes but am hoping to move forward finding some 'boots on the ground', a good realtor to contact, if there is any other cities we should be looking at etc.? As we live in BC or Ontario we aren't sure yet if we will be moving out East or have a property management team take care of the place.

We are hoping to find one or two SFH to buy outright and rent to a family or young professionals. Not too comfortable with the idea of student housing. Our budget is $150-$200k each, we'd hope for turn-key in a better neighbourhood but are willing to put in some work/cash in upgrades/renos if needed for right place. Any insights, help or contacts would be greatly appreciated, this site is great but also information overload. As I said, we are novices and all help is welcome.

Cheers BP.

dan puglia