[gonepostal]

Disclaimer I am a Canuck I have chosen to invest most my saving in income generating Real Estate. This is counter to what a lot my peers in my generation are doing.

I invest in residential properties either suited bungalows or condo townhouses. Even with the economic downturn they have been doing quite well for me.

I plan to grow this portfolio as a side project of sorts while I hack on software during the day. Over time it should be a solid source of "passive income"(investing in real estate is rarely ever truly passive).

[lem72]

I am also a Canuck and luckily bought a 2 bedroom condo in 2004 and have recently started renting it out with a small bit of profit. I know nothing really about being a Land Barron, but hope I can continue doing this and have other people pay off a couple condos/houses for me.

[mistermann]

What city do you buy in? Can you actually buy something today that is cash flow positive. or do you put some work into them to pretty them up after buying before you rent them out?

[gonepostal]

I bought in Edmonton, Alberta. It's not easy to find cash flowing properties. But if you are slow and methodical there are opportunities. Find a system that works for others and try to model yours after theirs. Why reinvent the wheel when you can borrow one!

Pretty much all the properties I have were a little ugly to start. Nothing major just some lipstick and rouge.