All Forum Posts by: Raul Velazquez

1. Meet with financial advisers/wealth managers and see what other options other than real estate there are and how to best allocate / diversify. ie have you maxed out your TFSA?

2. Decide how involved in real estate you want to be. Do you want to be passive (ie give your $ to someone and they pay you interest, or you put the money for the opp and get equity, etc)

3. Attend in person networking events in your area (there are many in and around Vancouver).

Bonus 4: develop a list of questions you want to get answers to before you do any opportunity. Don't worry about FOMO - there will always be more opportunities.

Also, depending on the amount you get from your divorce, you might have more options.

Good luck

Hi Huong,

How do I find 'in person networking events' in Vancouver?

Thanks a lot for your advice!
:-)
Rau;

0 Votes

Vancouver, British Columbia

Hi powerful BiggerPockets members!

Soon I will receive some capital (as the outcome of my divorce). I want to invest it wisely so that a part of it is used for my living expenses and the remainder invested in RE producing cash flow and appreciating over time. Since I am entering this field in the latter part of my life (63), I do not want 'long-term' investments as I am not interested in making millions, but having enough for the remainder of my life to 'Vive La Vida Loca'! ;-)

I am starting to read books, audiobooks, and this site to build a basic understanding of RE investing in 3-6 months. By then I expect to have a clear plan so I can move into action.
I don't expect to know everything by then, but I hope to develop a basic strategy that prevents me from making the most common and costly mistakes that a newbie can make.

Would you share 3 specific things I should do during my "training period" (if it includes a book, which one)?

Thank you!

0 Votes

Vancouver, British Columbia

All Forum Posts by: Raul Velazquez

Raul Velazquez has started 1 posts and replied 2 times.

Post: REI in Vancouver, BC

Post: REI in Vancouver, BC