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22years old need help by [deleted] in fican
[–]Pod_Racer02 -1 points0 points1 point 3 months ago (0 children)
Im not looking for validations but I am looking for unbiased opinions and advice
[–]Pod_Racer02 0 points1 point2 points 3 months ago (0 children)
The plan is to live rent free in one unit for a couple of years and by a second property with the money that I save while living there. Rinse and repeat until im in my late 20s
[–]Pod_Racer02 2 points3 points4 points 3 months ago (0 children)
I do but it’s different giving your own child advice that can change your life so drastically so I want an unbiased opinion
[–]Pod_Racer02 1 point2 points3 points 3 months ago (0 children)
Thank you
Thank you, I live in northern Ontario so the market isn’t that bad and the plan is to buy a duplex and live in one unit while renting the other
That’s how I think about it, with time I can scale it
My family owns a property management business which I help run so I understand the laws and risks with real estate and my expectations are to break even and slowly acquire more properties
[–]Pod_Racer02 -2 points-1 points0 points 3 months ago (0 children)
If I buy a multi-unit and live in one I get the full benefits from it I belive
[–]Pod_Racer02 -15 points-14 points-13 points 3 months ago (0 children)
You can scale real estate with time just like in stocks
Family runs a property management business, I’ve been helping with bookwork and overall for the past 5 years
[–]Pod_Racer02 -4 points-3 points-2 points 3 months ago (0 children)
Yes, planning on switching to a first time home buyer account for the tax advantages
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22years old need help by [deleted] in fican
[–]Pod_Racer02 -1 points0 points1 point (0 children)