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Updated over 6 years ago on . Most recent reply
16 years old , wanting to get into the real estate game
Looking for advice as to how I should go about starting to look for potential units to purchase, that I could than rent out or resell in the future . I’m based in London Ontario , and I haven’t really been able to find much on this forum about Canadian Real Estate purchase/management . However any feedback as to what steps I should take before purchasing and than reselling or renting out properties would be of great value to me !
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Nathan Gesner
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- Cody, WY
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Invest from a solid foundation of financial discipline. If you follow the "get-rich-quick" or "no-money-down" gurus you will end up making them wealthy and yourself poor. If you are faithful with a little, you can be faithful with a lot.
Find a mentor. Join a local investing group and learn. If you are fired up, honest, and half-way intelligent, someone will take you under their wing. Be sure to offer something of value (generally your labor) in exchange for their training.
Work hard and save your money so you're ready to act as soon as you legally can and the deal presents itself.
- Nathan Gesner
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The DIY Landlord Book
166 Reviews
4.7 stars