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All Forum Posts by: Karl Rivest Harnois

Karl Rivest Harnois has started 1 posts and replied 2 times.

Post: How to start investing in Montreal

Karl Rivest HarnoisPosted
  • Montreal, QC
  • Posts 2
  • Votes 1

@Benjamin Larouche my current plan is to buy a triplex in Saint-Jean-sur-Richelieu following the advices of my agent. I’ll be moving there on the first floor (I work remotely so no need to stay in montreal). My goal with this first property is to learn how to manage tenants and lower my cost of living.

Post: How to start investing in Montreal

Karl Rivest HarnoisPosted
  • Montreal, QC
  • Posts 2
  • Votes 1

Hi I’m new to BP and real estate in general. I would like to start investing in Montreal but I don’t know where to start.

I currently have 20k saved and can save an extra 3 to 3.5k per month due to my current job (senior iOS-backend developer). My goal would be to fully live from rental in 10-15 years if possible (is that feasible in Montreal with my current situation?).

I’ve been looking for a duplex as my first property, so that I could live on one floor and rent the other one (is that a good idea?). The areas I’m interested in are Rosemont, Villeray and Verdun. So far I can’t find anything that could generate a positive cash flow rent-wise.