Hi everyone,
It is a great website, and an amazing opportunity to ask questions and get an answer from professionals!
I am absolutely new to investing in real estate, but it is better late than never..
We are a young couple with a child, own a 2 bedroom condo in Toronto. I work full time, 9-5, my husband is a very new realtor.We have about 80 000 CAD and thinking of investing into real estate. What do you think our best options:
1. Sell our condo ( = 265 000), buy a house in Toronto, live in and rent out basement
2. Buy a house and rent it out. If that's the case, which area would you recommend? New Market, Toronto, Scarb-ro, other provinces..
3. Buy a cheaper house, rent it out and invest the rest of money into condo building and sell the assignment.
Please advise. Any feedback is more than welcome.
Tatyana
It is a great website, and an amazing opportunity to ask questions and get an answer from professionals!
I am absolutely new to investing in real estate, but it is better late than never..
We are a young couple with a child, own a 2 bedroom condo in Toronto. I work full time, 9-5, my husband is a very new realtor.We have about 80 000 CAD and thinking of investing into real estate. What do you think our best options:
1. Sell our condo ( = 265 000), buy a house in Toronto, live in and rent out basement
2. Buy a house and rent it out. If that's the case, which area would you recommend? New Market, Toronto, Scarb-ro, other provinces..
3. Buy a cheaper house, rent it out and invest the rest of money into condo building and sell the assignment.
Please advise. Any feedback is more than welcome.
Tatyana