All Forum Posts by: Chad Coup-Fabiano

Hi guys! I'm new at real estate investment. Started a year ago and now I own a 7 doors.

I would like to accelerate the pace but something blocks me. It's not the cash-down (that is a problem that I can deal with). What blocks me is the fact that for the moment, I work at a job that doesn't pay much. About 17$CAD per hour.

Even if I makes my homework and do everything I can to buy good and secure deals, I find it unsafe to grow fast. The first year and second years seem to be really costly. There are the welcome taxes (called Taxes de mutation where I come from), the little-medium-big repairs to do, cleaning up the tenants if needed and more.

I know I can help myself with some cash that I have in my bank account, but I would prefer to not touch it. So there is credit cards or small loans left. I know it will all repay later because my financial analysis are really good. The problem here is that with my small salary, I can't get much from loans and credits.

Is there someone here who already was in my situation and figured out how to grow fast with a small income? Or maybe you guys have tips?

Thanks.

Hello guys! Just wanted to introduce myself since I'm new here. I'll do this quickly. If you have questions, I'll be glad to answer them.

My name is Chad and I'm from Québec. I'm 25 years old and starting in real estate renting.

At the moment, I have a duplex (where I have 9 chambers for students), and at the end of the month, I'll have a 5-plex.

So I'm here to learn about different strategies used by people out of Québec and, of course, share mine.

Have a nice day guys.

Chad