All Forum Posts by: Doug Rose

Thank you very much Billy, I thought about how to know what they know without becoming one of them! :P getting books from them and reading up is definately something Im going to do.

Im very interested in owning property to live on/in aswell as rent out to pay for myself. My only issue with that, is finding someone stable/sane lol which my area is bad for. Iv also considered buying a bigger house with a close friend whos in the exact same financial situation/income as me (we work together) and flip it and split it 50/50 (with all the lawyer paperwork to boot). So much to think about. but Thank you very much for your input Jason :)

Ben I know cars are sooo bad investment wise, but fun wise are way up there. Iv never owned a new car, My first car was and still is my 2002 Pt Cruiser Dream Cruiser Edition (creme de la creme of pt's lol) that my dad gave to me for saving up 5 grand. From that 5 grand I have gotten to 25 with lots of fun and toys here n there but thats also due to my consumer brain programming that I have shaken off over the passed few years. But it doesnt mean I dont look back :P

Again Thanks you guys and lets here some more opinions :)

Ok so. Im 23 and awake to the fact that I dont want to work for anybody else anymore because you can only make so much working under someone else.

I live in Canada and for my age, I make more money then 90% of my friends. Its the rare ones that surpass me by far, they usually have investments or real estate. Its not even alot to me.. roughly 60k a year. I could move west cananda and make 100k with my skill set, but again thats working for someone else @80hrs a week. Its a sacrifice.

Currently I have 25k to my name that I can do whatever I please with, Iv been looking at a new car recently but something in the back of my head says REAL ESTATE! BUY A HOUSE! ps I live at home whenever Im not traveling around for my job.

What kind of house should I start with? price? size? terms? buy n flip? Iv heavily considered becoming a landlord, I have tons of friends just looking for a nice place to move to that isnt in a ghetto but will charge a fair price. This seems risky to me tho.

I am very cautious in everything I do, I like to have everything sorted out and planned including back up plans incase things were to go wrong as murphys law usually implys.

Any and all advice will be taken in with great appreciation.

Thanks

Doug