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Updated almost 10 years ago, 01/11/2015
- Real Estate Investor
- Vancouver Island - Salt Spring Island, BC
- 11
- Votes |
- 34
- Posts
New Member Into - Ross McKenzie - Canada
Good Evening.
Thanks again to all those whom I've already interacted with in last 24 hours.
I'm thankful for having discovered BP, but really, it found me, or rather Google found me I suppose. Having a interest in REI, and googling around internet, I get REI related emails, and so I have BP, Google, and Joshua Dorkin's savvy to thank.
I'm a Newbie currently living on Salt Spring Island, BC, Canada, and will be moving back over to Vancouver Island ASAP - Victoria, would be fantastic, and so would Qualicum Beach, but Sooke, Nanaimo, Ladysmith, Deep Bay, or Qualicum Village / Falls are possibilities - the bigger the hub the better - for networking and also for performing & recording meditation music (hobby - business).
I work 6 months per year as Marine Engineer with Canadian Coast Guard, and get the other 6 months off (with pay), but I hope to replace this income with my new career as an REI.
Being new, I need to absorb, study, and learn as much as possible as quickly as possible, (to be able to change vocations / careers within next 24 months). I want to buy a residence on Vancouver Island ASAP-tomorrow, and preferably one big enough & quiet enough to perform & record music in, (like a Yoga Studio or Warehouse). It may work out for me to continue to "upgrade" my studio-temple-castle.
Then I want to move into "Wholesaling" opportunities, local & foreign, and then Buy-Hold-Rent when I have at least enough capital to have 50% equity or to be able to generate sufficient cash flow from an equivalent of 50% vacancy and large repairs.
From here I want to quick jump to small commercial units (Apartments), and tropical (or at least sunny & warm 365 days/yr biking weather) Retirement Haven REI.
Once I have sufficient income to be financially independent, with cash to spare to help family, then I'll devote all of my time to my Music and my Sadhana (Spiritual Practices).
There's my business plan in a nutshell.