I'm kind've getting itchy feet - sold my last rental earlier this year, and I miss having one.
Any Canadian investors here - not that you have to BE Canadian, but you're investing IN Canada.
I'm currently thinking of buying a 'cheapie' - somewhere in NB, perhaps. I am not at all interested in non-cashflowing stuff, stuff in and around Toronto/Vancouver. Probably not Quebec either (I live in Ontario - I have no issue being a long distance landlord, and in fact I'd prefer it that way - I will be paying someone to manage whatever property).
Not against the idea of doing multi-family. There's realistically no way I would choose to put *large* sums of money in, though I am OK with getting a mortgage.
I think for a rental you need 30% down? The ideal property would be something $100k or under, but I'd go up to $200k I guess if it made the numbers work better. Ideally freehold, no condo stuff.
Thoughts/suggestions?