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Updated over 8 years ago,
Tiny Houser soon to be flipper from Quebec, Canada
Hey guys,
My name is Yoan and I am, to most of you, your neighbor from the north. I heard about BP from another investor who is in the Montreal area. My girlfriend and I have been building our very own tiny house as a way to get closer from our financial independence and as well to not pay mortgage. So far it has been 2 years that we live in it and couldn't be happier about what that lifestyle is giving to us in terms of freedom.
Our experience with real estate for the moment is that we built that tiny house by ourselves and by doing so accumulated quite a few construction skills. We are now on the lookout for our very first flip. We went to a course of flipping which was offer by our provincial real estate investing club. We are continuously reading books on the subjet and most importantly we're accomplishing everyday new actions to reach our goals.
Our short-term goals is to get to 100 000 $ in cash by flipping so that we can buy a first decent size apartment building with, of course, good cashflow. As for many of you we are reaching for financial independence, which would be attained when we will be able to generate around 60 000 $ a year.
We are lucky enough that we live in a really cheap area and now is a great time to buy since there is about 7 houses for 1 buyer. This past week we have been visiting 10 houses and will be sending offers soon.
We created also an amateur real estate club in our community for us to network since there was no such club before. We plan to be pretty active on the forums asking questions :)
To the pleasure to exchange with you
Good investing!
Yoan and Gaelle