Alan, thanks for the post. Definitely have to look at all the numbers. There are some great neighborhoods with potential in Victoria, just need to stick to the plan and keep the eye on the prize. Thomas, luckily I have done some flips with my own money but these have just been my own houses that...

Hi Thomas, Thanks for that. I am a novice at this point but with a will to succeed and not afraid to learn from mistakes (though I would rather learn from the mistakes of others). I was looking at houses to flip to gain the capital I need to get into holding properties for their rental income...

great info. I have incorporated direct door drop letters into my jogging routine and have posted on 2 local websites here. Thanks for taking the time to help Andrew

Hi Ray, Thanks for the reply. Currently I am looking at flipping houses but will be looking at rental properties in the near future. I am definitely looking for good filters as there is a lot of product here. Thanks for your time Andrew

Can anyone explain the 10% rule. I live in Victoria BC where an average room rents for $500 a month. If I find a 3 bedroom rental at $500 a room this would gross me $18,000 a year. Using the 10% rule of the purchase price means I have to find a house worth $180,000. I feel like I am missing...