Stanley from Vancouver, British Columbia

[Stanley Kong]

Hello BP, 

Newbie here from the extremely expensive Vancouver market. Very excited to be a part of BP and learn from all you pros, and one day of course be that pro and give the great advice back.

I stumbled upon BP from listening to the podcasts.. I like to make my car like my own little university where I maximize my commute time with learning.

After attending the webinar from Brandon, I decided to take the plunge and do my first deal in 90 days. I have no background in real estate but I have attended the Rich Dad seminar when I was 22, which gave me a  small sample of different real estate strategies. 

My short term goal is to do buy my first investment property by June 30th, 2016. I need to take that first plunge or I will never get started.

My long term goal would be to create a passive income allowing me to live forever care-free in all inclusive resorts or on a cruise. Can you imagine never needing to cook and clean? :)

[Paul Timmins]

@Stanley Kong

Welcome. In an expensive area Niche or Specialized Housing see below. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing or vacation rentals. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul