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  • Profile photo of HerculeanHerculean
    Participant
    @herculean
    Join Date: 2015
    Post Count: 2
    November 12, 2015 - 3:28 pm

    If you have 100k you def have to start smaller. This will definitely mean you’ll need to identify other areas for the project.

    You’d probably get away with a dual occ in a more affordable area.

    Speak to your broker to see exactly where you stand financially, then locate an area that will work for you.

    Profile photo of HerculeanHerculean
    Participant
    @herculean
    Join Date: 2015
    Post Count: 2
    November 12, 2015 - 3:17 pm

    Just make sure you are comfortable with the structure recommended by your accountant and broker. And make sure that they are clear on your goals as there are multiple ways to set things up.

    Getting it right with both of them can set you up for more stress free acquisitions in the future. Getting it wrong this early on can really limit future options

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