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Updated almost 5 years ago on . Most recent reply
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Real estate investing
Hi guys, I’m new to the entire real estate investing thing and I want to just ask you guys on some tips and advice on first time real estate investors. I have the money, I just need the help and knowledge so I understand 100% what to do. Like which one is better townhouse,duplex,single home, or how much money should you put down. Any advice regarding investing in real estate would be greatly appreciated
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@Kelvin Truong I'll echo what the others are saying about getting educated and reading up on REI. I also want to add, networking, networking, networking. Posting here is a great start, next question to find an answer for is, are there any good investor meeting-up groups in Calgary. I'm from Victoria so not totally sure. It would be good to find some small grass route local meetings, but below are a couple national ones that you'll be able to find more Canadians in. Basically get educated to help find a niche you may be interested in... then network to learn from someone who has both done it and may want to work with you. I personally am from Victoria and have purchased 3 cash flowing turnkey duplex's here in Victoria in the past two years (2 with JV partners from Ontario). But I've changed my focus to building purpose built rentals (suited homes) All this to say is that as you grow your focus will likely change.
Facebook groups: Real Estate Millionaires by Keyspire, Fearless Investors by investor life. Both have free info as we well as paid coaching. Both are excellent, but most importantly is to just network with the participants. Hope this helps...