Investment discussion
03-29-2018 | 01:34 AM
#46
Drifting
Joined: May 2009
Posts: 2,069
Likes: 117
From: Heidelberg, ON
That's very true, Real Estate Investing is a different animal.
You need to make sure that the property will cash flow properly, and have an emergency fund in case something goes wrong (Ex. roof leak)
It's something that I'm extremely interested in and will be looking at getting into within a few years.
You need to make sure that the property will cash flow properly, and have an emergency fund in case something goes wrong (Ex. roof leak)
It's something that I'm extremely interested in and will be looking at getting into within a few years.
My mom was a slum lord growing up, and she did pretty well. I bought my 1st licensed student property in the late 90s with guidance and a loan from my parents. I graduated in 1995 and started full time work in my profession 2 weeks after graduating. Over the years, I have owned 2-3 different ones, and they've all been positive cash flow. This is in Waterloo where student lodging houses are heavily regulated. My wife and I have scaled back to just one, and it's nearly paid off.