We have been "tinkering" in Real Estate for about 12-13 years now. Watched one of the early infomercials by one of the originals. Found that most of the info would not apply in Canada, but it did get us thinking it was possible. We bought our first rental property with the down payment on a credit card. We knew that the rental income would cover the mortgage and the card payments. That property is $400 cash-flow positive. We have bought and sold a couple of properties, reno'd them and have done pretty well. We now live in a desired country area on 28 acres, house with a pool, but I have never earned an income of more than $20,000. It is real estate that has brought us this far...but now I want to go to the next level. Lump sums on flips are great, but I'd like to get a steady rental income, and maybe help some people get back into a home along the way.
We may be looking to partner with someone in Florida.