All Forum Posts by: Jocelyne Sema

 Thanks a lot David!

Believe me, I know, but I think it's a psychological thing. I need to get rid of those limiting beliefs. Thanks very much for your input.

Thanks to all! Thanks!

 Thanks, that's what I wanted to besure of.

Hahaha nice one.

Hi BP members,

I am a newbie, aspiring investor in RE. Here's my situation:

I own my residential house, located in Laval (Quebec), appraised at 350K, and still 50K left of mortgage to pay. With the current reimbursement schedule, mortgage is expected to be fully paid by the end of 2022. It's my only RE property.

Initially, I wanted to wait to be mortgage free before using  a portion of the equity on my house as down payment for a multiplex or any other multi-family/appartements, but I don't know anymore. I think I have made that decision just for the sake of finishing something before starting another. There's no real other logic behind it.

Can I already jump in the RE investment world now, or should I wait? What would you do? And if you would decide to go ahead and start hunting for income properties now, what precautions should be taken in my specific situation?

Thanks for your input.

Hi all,

I live in Laval, and I am an aspiring investor in Real estate. I understand that education and networking are essential, so I was wondering if any of you have ever tried the 10-month peiod coaching offered by the Club des Investisseurs Immobiliers du Québec. It cost 5K, so I want to make sure it's not a waste of money or time and that I can't get the same level of information elsewhere or by another mean.

The success stories of the participants are encouraging, but is it worth it? What do you think?

Thanks.

It's an amazing feeling of being debt free, but you need to be comfortable with debt if you want to grow in Real Estate. It's not a risky debt, your neth worth will drow exponentially if you do it correctly. Use the leverage you and buy as many doors as you can, while being comfortable with it.