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Updated over 6 years ago, 03/21/2018
We really want to learn
Ok. Let's get started. Attia family joins bigger pockets having 2 properties behind the belt
From our story below you will learn how not to start in real estate investing. We have immigrated to Canada in 2010. Year after we bought our first house and got super exited not to pay rent and invest money. My husband being very handy turn unfinished basement into guest bedroom, living room, bathroom and office. On top of it city has built a huge rec centre near by so all of a sudden we became 40 000 reacher. Got very exited about entire process and 3 years later bought another house. It had separate basement suite (not legal though) and potential to have 2 units with very decent cash flow.
And than we started to have issues - being no educated on property management we had got very bad tenants who destroyed relationship with neighbours causing a few tickets from the city, forced demolition of oven in our second unit. So we are left with single family home which significantly dropped in the price and has no more cash flow. We tried to sell it with loss unsuccessfully so now we pay 2 mortgages which is suffocating. Now we put it on rental market again trying to get right people, but something is not working out again.
But we do not want to given up and continue our journey to become real estate investors. So we need help from pros how to turn this around. Now we want to do it right and actually learn first. That is why we are on bigger pockets