Hi, I am new real estate investor and would appreciate your feedback/advise to my specific situation. I am 39yrs old income per year $105000 personal income per year $145000 Family (mine and spouse) Have one property that is currently being rented. Value of the property is Aprox. $350000 with about $260000 owing in mortgage. I have a second mortgage on this property of $30000. My wife and I were recently discharged from consumer proposal in December 2012. I have no other debts. I am considering investing in more real estate properties, I am planning on starting with Duplex to live in one unit and rent out the other for addtional income/cash flow. The property I am looking at is $370000. I am looking to refinance my existing property and take out the maximum amount that I possibly can, payoff the second the mortgage on the property and use the rest as the down payment for new property. Is there a possibility or hope for me to become a real estate investor in current situation or am I just dreaming? Any advise and feedback would greatly appreciated.