All Forum Posts by: Cayce Fedberg

@Steve Vaughan trying to read a book a week! If you ever decide to invest in the Great-White-North give me a shout (I work for free)! lol

@Steve Vaughan I also don't have the funding to buy on my own yet - I have some family who can help me but I would need to put the deal on paper and present it well before they would lend to me.  Can you go belly to belly before you have the funding?  Thanks for taking the time to help me, very much appreciated.

Good afternoon everyone,

I'm having a really hard time finding deals in my market.  I've never invested before and the average single family home price is upwards of $700,000K.  I'm starting to think I should invest in a new market, just curious on what to research about a market before you invest;  what are some signs that tell you an area may be good to invest in?

@Steve Vaughan any thoughts on Canadian markets?  

@Jay Hinrichs Just curious, why did you mention those areas? I currently live on Vancouver Island (Victoria), I'm have a very hard time making the numbers work on anything I find on the MLS, analyzed about 25-50 so far. I've been trying to research other markets but I don't really know how to research what a good market would be, should I be focused mainly on price? I keep hearing location, location, location and "people want to live where the jobs are" but I don't really see any major employment opportunities outside of major cities - or maybe I'm just bad at researching them.

Thanks for your time.

@John Warren Thanks for taking the time to answer, I really appreciate it.  I live in Canada specifically Victoria (city located on Vancouver Island population of roughly 100,000).  I'm curious if you have any advice on focusing my attention to another market; do you think it's too difficult for a beginner?

Thanks very much to everyone who took the time to answer, I really appreciate your insights @Michael Lee. 

I guess I should have mentioned I am Canadian, currently located in British Columbia.  Although the principles are the same, I get the feeling prices are a lot different up here (SFD being sold for an average of $700,000), if anyone has any tips/tricks on how to get my feet wet in expensive markets, with the long term goal of earning 10K/month in cash flow I would very much love to hear it!

I've set myself the goal of eventually earning $10,000 per month.  I have a lot of free time, I'm willing to work as hard/long as it takes, I have no experience and have never bought a property.

Is figuring out how to buy an apartment building the best thing to do?

Just curious on whether people have done it before actually owning any property? The area I live in the average home price is upwards of $700,000. I've looked through nearly every deal on the MLS in my area and haven't been able to make the numbers work.

Is it time to look at other markets?

Hello,

My name is Cayce, I'm a Canadian looking to get into real estate investing as a means to create enough cash flow to do it full time!  I live in on the west coast of British Columbia and have been combing through deals until my eyes bleed.  I'd love to hear anything people have to say about getting started in Markets where the average single family dwelling home is upwards of $700,000!