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Updated about 9 years ago on . Most recent reply
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New member from Quebec, Canada
Hi Everyone, my name is David and I'm from the greater Montreal, QC area. I'm an engineer in his mid-thirty and brand new on BP.
I've been thinking (way too much) about jumping into real estate investment for the past 15 years, but never really got to getting the cash down required. I have owned personal houses, but I'm speaking investment-only. Since the "should've could've" remorse get you nowhere, last year I decided to jump in the wagon and bought a super-well-located super-good-looking cottage, that I now put up for leisure renting. I couldn't be happier, plus I now have a cottage I can go to when I feel like relaxing with the family and kids.
That being said, for 2016, I want to get things rolling and leverage what ever money I can get to invest in a multi-family home (6+ apartments). I don't know yet if I'm gonna go in by myself, or get 1-2 partners to make a group investment, which would allow a bigger buy/bigger return kinda deal.
Or I might just try to find a single-family house flip, although I'm not so sure about the risk VS gain, equation on that. I know that people can make good money with that, but I know more people who failed miserably than the latter. That I would definitely not go on my own ... but finding the right deal is probably the biggest challenge on that aspect of REI.
So that's it! And thanks in advance for the tips you guys provide
Cheers !
Most Popular Reply
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Thanks guys for the warm welcome.
@Samuel Sedore. you seem to make a distinction between a realtor, and an investment realtor. Are there realtors specialized for investors ? I would gladly take you up on references and tips. I want to get in the game the right way, and want to "ready-aim-fire" correctly the first time.
Yesterday I was listening to the podcasts, and I think I got me a tangible objective: 50 doors within the next 5 years. Why 50, you ask? Because it sounds great, and divides squarely by 5, lol !
cheers !
DD