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All Forum Posts by: Sriram Kumar Bikkina

Sriram Kumar Bikkina has started 7 posts and replied 33 times.

Originally posted by @Kash Jawed:

Welcome Sriram. 
I agree with what Chris said. You don’t “need” a course as most information is readily available online. I still take courses to save time from searching around and prefer a structure. I’ve taken around 3-4 courses and they all helped me in different ways. Bottom line - it saved me a lot of time googling. 
It’s hard to find cashflowing properties but not impossible. I just locked up a cashflowing triplex in Hamilton last week , so it’s doable. Persistence and education. 
if you have specific questions , feel free to ask.

 Thanks for responding to my question. Do you mind sharing the courses, I am not ready to pay for any at this point but just want to make a note of them and see if I can get some useful information there. FYI I looked into Enda Keep's 90 days to 5k course and the cost is outrageous, even though it is useful, I am not ready to pay 20k for the course. 

Originally posted by @Chris Baxter:

@Sriram Kumar Bikkina Welcome to BP!  What type of MF are you looking at? Lending criteria are different for residential (<6 units) and commercial (6+ units).  I don't see a need to pay for a course... you can read a few good books, ask questions on these forums, and get better info than you'll get from a paid course.  

Thanks for your response and motivation, appreciate it.

Hello All,

I am new to RE investing and am trying to find help online with Multi-Family investing and I find several courses ranging from $3000 to $15000. I am not sure if I need to take these courses or can learn on my own.

Here is my situation: I have close to $350k in Home Equity which I can convert to mortgage segment. I heard that would be enough for me to start investing in Multi-Family with my own money (down-payment at least) for the 1st property.

I am not sure where to start researching more and how to seek guidance in this space. I live in GTA region and am looking to invest anywhere in Canada and appreciate if anyone can provide insights on how to research and start with my first multi-family.

A note: I considered starting with SF first but am having hard time finding properties with a non-negative cashflow.
Appreciate your help.