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Updated over 8 years ago,
New Nomad investor, originally from Vancouver Canada.
Hey everyone. My name is David and I am a 25 year old male originally from Vancouver Canada currently bouncing around the world, currently in Japan. After recently exiting a lucrative startup I am left with quite a bit of capital for investing in real estate which is something I've always wanted to do.
I have been lurking on the forums for quite some time and I am definitely interested in 2 approaches to investing at the moment;
1) Buying condo's as cashflow investments (buy and hold) as close to an affordable downtown core as possible to also hit a potential appreciation, although I'm aware i should never count on appreciation but being from Vancouver its in my blood I guess. This investment type is appealing for multiple reasons. I do not drive for one and I would like to take a stab at PM to start and I think that condo's are a great entry point for that. I am aware of all the BS that an HOA can cause.
2) Buying distressed SFH, rehabilitating them and then refinancing them.
I've decided to join bigger pockets in order to begin networking as I believe it is the most important aspect of RE. Currently my focus is geared towards Condo's in the states and Japan as Canada is extremely hard to cash flow in at the moment.
Thanks for reading,
David