You've been taking consistent steps toward your dream property, which deserves to be celebrated. Sticking to a financial plan takes commitment, and you're proving that you're serious about homeownership. Each week, you're getting closer to turning that dream into reality.

This week, we're taking things to the next level by setting up automation so your savings can grow effortlessly in the background. This step is about working smarter, not harder—so let's dive in!

Welcome back! You've officially made it to Week 3 of our "7 Weeks to Your Dream Rental" journey.

By now, you've identified your total down payment goal— amazing! That's a huge first step. This week, we're taking that big number and breaking it down into small, achievable monthly targets. Because, let's be honest, saving $20,000 sounds daunting, but saving a few hundred dollars a month? That's something you can plan for.

You know from experience that building up that initial down payment can take a lot of time. And doing it is the best way to get your foot in the door with real estate investing. However, to scale your portfolio, you have alternative financial strategies that could help you grow much faster than saving another down payment yourself. Here are some potential financial strategies that might work for you: the type of property you're buying, and your risk tolerance.

The first step to making your rental property dreams a reality is choosing a dedicated account to save for your down payment.

Which account will be best for you depends on a few things. Let's break them down here:

Do you dream of buying your first (or next) rental property but have no clear plan to make it happen?

If you answered yes, the next 7 weeks are for you!

Since its inception in 2021, TAYCON Homes Inc. has quickly established itself as a trusted name in the home-building industry. This year, they are thrilled to announce their latest venture—an innovative slab home project that is set to redefine affordable, convenient living in Saskatoon and surrounding areas.

Strawberry box homes, known for their charming simplicity and historical significance, present exciting opportunities for restoration. Originally built as affordable housing in post-WWII Saskatchewan, these homes are now cherished for their character. This article highlights inspiring renovation success stories that enhance their appeal and value while preserving their vintage charm.

King George, Saskatoon | The holiday season in King George is a time when the neighbourhood comes alive. With homes adorned with festive decorations and neighbours organizing community events, it’s easy to feel at home here.

Nutana, Saskatoon | Nutana stands out as one of Saskatoon’s most sought-after neighbourhoods, known for its historic charm and close-knit community.

Let’s hear from Ricky from South Florida! | Investing in Canadian real estate as a foreign buyer can be exciting, even with challenges like the foreign buyer ban. With the right plan, you can still find success in this market. Ricky, a recent buyer from the U.S., shares why he chose Saskatoon as his investment spot, the hurdles he faced, and how he overcame them from abroad.

If you’ve purchased a vacant rental property and need to find tenants, here’s a step-by-step guide:

Found a rental property... Now what? | When purchasing a rental property with existing tenants, it’s crucial to know whether their tenancy is month-to-month or fixed-term, as different procedures apply for each.

Embarking on the journey to buy your first home is exciting and challenging. One of the most crucial steps to ensure a smooth process is assembling your dream team. This team typically includes a Realtor, mortgage broker, and lawyer, each playing a vital role in your home-buying adventure. Here’s how to create your dream team and set yourself up for success.

Buying your first home can be an exciting milestone! If you are interested in investing in real estate one day, consider purchasing a home that can eventually become your first rental property—a smart, two-in-one strategy. A double whammy!

The primary reason to invest in real estate is to achieve financial freedom. Financial freedom means having sufficient income, investments, and cash flow to support your desired lifestyle without having to actively work. For entrepreneurs, achieving financial freedom is crucial because they often lack traditional retirement plans.

The real estate market is thriving, particularly the rental sector. Properties are emerging rapidly and selling just as quickly. The saying goes, "The best time to buy real estate is between January 1st and December 31st." This adage, often humorously repeated by investors like Leo, holds a fundamental truth: there is always a good time to invest in real estate.

In the world of young entrepreneurs, there exists a powerful life hack that can lead to financial freedom within a decade or so. This strategy, rooted in real estate investment, has enabled many to transition from buying their first rental property to enjoying the benefits of passive income and financial independence. Here’s a step-by-step guide to this transformative approach:

— Investing in real estate can be a rewarding path to financial independence. For those ready to take the plunge, here's a guide to help you get started.

As an investor looking to sell your rental property, it's crucial to understand and follow the Office of Residential Tenancies (ORT) guidelines to ensure a smooth transition for both you and your tenants. Proper notice and adherence to regulations are vital to maintaining good tenant relations and avoiding legal issues.

When you find significant damage in a home you’re considering purchasing, you must take a step back and evaluate your options carefully. The decision to proceed with a purchase under these circumstances requires a thorough understanding of the extent of the damage, the potential costs of repair, and how these factors align with your goals and resources. Morrison Realty ‘87 shares more: