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All Forum Posts by: Nicholas Smith

Nicholas Smith has started 5 posts and replied 32 times.

Post: Eager to start my Investing journey but am $20,000 in debt.

Nicholas SmithPosted
  • New to Real Estate
  • London, ON
  • Posts 33
  • Votes 13

@Sue K.

I agree with that statement 100%. With that being said I feel I read your response initially with great detail, I just read it again and am still wondering how you originally met/connected with that owner that offered you the position. Did you already know them through a friend perhaps?

Post: Eager to start my Investing journey but am $20,000 in debt.

Nicholas SmithPosted
  • New to Real Estate
  • London, ON
  • Posts 33
  • Votes 13

@Account Closed 

Wow thank you for the extremely valuable tip there Sue! I actually just searched “On-Site Resident Manager” into Indeed.com and found a job listing in my town! I wrote a nice cover letter explaining how beneficial it would be to my future as a landlord as well as what I bring to the table. Do you have any other tips on finding these types of positions? If I may ask how did you originally connect with said owner that offered you the position? Any tips would be greatly appreciated as I feel this strategy would be very beneficial to my current situation as well as my future!

Thanks again,

Nick Smith

Post: Eager to start my Investing journey but am $20,000 in debt.

Nicholas SmithPosted
  • New to Real Estate
  • London, ON
  • Posts 33
  • Votes 13

@Glynis Anderson I will check him out! Thanks so much for the suggestion :) I am currently subscribed to Matt McKeever which is another successful investor with a YouTube channel that actually invests in my local market! I will try to connect with both of these individuals in the near future if I can and try to provide value to them in some way, even In my situation.

Post: Eager to start my Investing journey but am $20,000 in debt.

Nicholas SmithPosted
  • New to Real Estate
  • London, ON
  • Posts 33
  • Votes 13

@Marlen Weber Sounds good Marlen! I will definitely update this thread in the future with updates on my progress!

Post: Eager to start my Investing journey but am $20,000 in debt.

Nicholas SmithPosted
  • New to Real Estate
  • London, ON
  • Posts 33
  • Votes 13

@Michael Belmore

Well said Mike thank you!! You’re absolutely right. Gonna start handing out business cards to local investors once I’ve got a rough plan and goal set in place!

Thanks again!

Post: Eager to start my Investing journey but am $20,000 in debt.

Nicholas SmithPosted
  • New to Real Estate
  • London, ON
  • Posts 33
  • Votes 13

@Connor Anderson Wow thank you for taking the time to make such a valuable reply! I will definitely continue to binge the BP Money podcast as well as get laser focused on eliminating my high interest debt. I will also take note of the method you mentioned of approaching seasoned investors in my area, I think that will do wonders! I’m more than willing to put in the time so thank you for your insight!

Post: Eager to start my Investing journey but am $20,000 in debt.

Nicholas SmithPosted
  • New to Real Estate
  • London, ON
  • Posts 33
  • Votes 13

Hello Bigger Pockets! I am a new investor that is still in the educational stage currently and am very excited to start doing deals in my market (London, Canada). I Have been soaking up as much information & knowledge as I possibly can from reading books as well as listening to the Bigger Pockets Podcast every day. I want to get out there and start networking with local investors in my area and hopefully find a mentor that I can offer value to in some way. My concern is that I currently live paycheque to paycheque and can barely pay my bills every month with the amount of income I have coming in currently, therefor I feel like there’s no point in approaching any professionals in my area as I don’t have any money to my name. So I guess I have 2 main questions here. 1: Do I pay all of my debt off before getting out there and engaging in the market/community? 2: What could I do in terms of Real Estate that doesn’t require anything out of pocket?

My main concern is not being taken seriously by other investors in the area due to my financial situation. Was anybody else in a similar situation or still is that could give me some guidance? Currently I’m attacking my debt head on with everything that I’ve got, taking on a 2nd job as well to get back to par so I can begin saving my down payment for my first property! Please leave a reply with any insight or suggestions you may have!

Thanks for your time,

Nick Smith

Post: Required + Recommended readings for Canadian RE

Nicholas SmithPosted
  • New to Real Estate
  • London, ON
  • Posts 33
  • Votes 13

@Robin L. McKeever is killing it!!

Post: Any tips of buying my first Owner Occupied property?

Nicholas SmithPosted
  • New to Real Estate
  • London, ON
  • Posts 33
  • Votes 13

@Robert Biggerstaff Very very helpful Robert, thank you so much for the tips! I will be posting more info in the near future about how my process is going :) Thanks again!

Post: Any tips of buying my first Owner Occupied property?

Nicholas SmithPosted
  • New to Real Estate
  • London, ON
  • Posts 33
  • Votes 13

@Jake Stuttgen I will definitely pre-order that book Jake, thank you! And that's a great tip as this is all brand new for me so I could potentially learn about management along the way but not jump into it head on and possibly run into issues right off the bat!