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Updated over 5 years ago on . Most recent reply
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Student in Edmonton AB who is looking to learn.
Hello, as my post suggests I am a student who just moved into the University of Alberta. I have been interested in real-estate investing for quite some time now, through high school and now that I am moved out I want to finally take a start down the path that is investing by taking action. Since I can only guarantee that I will be in Edmonton for the first year of schooling I am thinking about learning how to whole sale properties. Most importantly I am here to learn, and would like to connect with other people who can help me learn. If that is people who wholesale properties, people who renovate properties, or people that are connected to the big web of people out there who know a lot. I know that this post is all over the place and quite random but in a summary I want to make connections and learn about the local market of Edmonton and what it takes to participate in it. Thank you for reading this first post of mine and I can't wait to hear back from everyone.
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@Kade Bowie That is awesome that you are aware of the power of real estate so young! First of all I would definitely start going to local real estate groups. @Mark Mendoza I was also at Collaborate yesterday.
If you are serious about getting educated in investing in real estate, not just working in real estate (wholesaling is not investing, but it is a great way to make some cash, which you can then invest), then I'd suggest REIN's annual event next weekend. It'll teach you what properties investors are looking for and how to find those deals, so you can successfully wholesale the right properties to investors. If you want to meet a boat load of other investors, that's also the place. https://rein.swoogo.com/acre-edmonton
Another great group is Edmonton Real Estate Investors Association, and Mogul Mastermind. I know Keyspire is coming into town too soon, but be aware, the 2hr event is a sales pitch for their pretty expensive program. Though I do know people who have been successful with it.
When I hear that you're in University, I immediately think - student rentals! Buy a house with 5% down, maybe get parents to help qualify if you don't have an income, and then you live in the house and rent out the other rooms to friends/students. A great way to get your first investment property, live rent free, and learn about landlording!