My latest scheme

I have caught the property bug fever. With interest rates at great levels, I just want to keep consuming property. I am constantly trying to figure out ways where I can continue to buy more property. In order to expediate the process, I need more help. I'm thinking that I could jump in as a partner on my next property. If a partnership was created, the level of risk for everyone would be shared, including costs. I understand that most people do not even have enough money to purchase their own home, but I know there are people out there that should be looking at investing in something.


The thing I like about the Ottawa housing market is that it is very constant. The property values rarely boom or bust due to the nature of our government town. People aren't losing jobs or gaining them in huge cycles. This makes for a relatively safe investment, but real estate is not a very liquid investment. By that, I mean that once you are in, it is not as easy to get out.

With my current financial situation, I do not see myself being able to invest in another property for awhile on my own. The only exception would be if I sold one of my current properties, and at this point I cannot see myself doing that.

This is what I want to do. If there is someone interested in buying a property on their own, I want a piece. I want to find somebody willing to sell me a smaller stake in the property. If that does not work, we could find other investors that are willing to buy even stakes in the property and jointly own the property. I'm guessing the bank would want about 35% down payment for a investment property for a jointly held investment.

If there is anyone out there that is interested in this kind of thing, please let me know.