Updated over 8 years ago on . Most recent reply
Novice investor from Ottawa, ON, Canada
Hi all!
I'm Chris Habets, from Ottawa, ON. I'm young (27), own one cash-flowing rental duplex with a partner (a friend from highschool/college), and "long-term flipped" a home with my family (2 year, buy-reno-rent-sell). Both are/were quite profitable, the flip landed just shy of $50K all said and done, and the duplex flows about $250 a month on average, plus is appreciating nicely.
I've been listening to the podcast - I found it by accident, I searched iTunes for "while I work", hoping to find something that chatted and I didn't have to pay attention to... Instead I got hooked on this. I work full time as a Business Development Manager in the Commercial/Industrial HVAC industry, mostly focusing on energy efficiency by adiabatic cooling. I work 40-50 hour weeks, depending on the business, and I travel about 1/3 of the time, but rarely on weekends.
I think I want to buy more properties. I'm leaning towards flipping - I like getting my hands dirty (and scratched up, inevitably). I have a realtor uncle, grand-father-in-law and uncle-in-law, so I'm certainly not lacking support in that area. I also have a father who's a plumber, who works for pizza.
Financially, I'm certainly not "tight", but I'm caught in the rat-race (Rich Dad/Poor Dad). I think I'm on the right track to get out of that mindset. My major expenses (wedding, house-to-live-in) are said and done now, and it's time to start focusing more on financial freedom.
Well, hopefully I can learn something here!