I hope that there is someone here who can provide some advice on this matter.
Perhaps there is someone in my area of Vancouver - Surrey, BC that would consider a mentoring relationship?
QUOTE I`ve been studying the posts on this topic and others and am most impressed with the supportive (without B. S.) discussions between seasoned "Pros" and newbies, like myself.
I am looking for a little guidance and I hope to find some help here.
I am house poor.
While I can afford my mortgage of $130K, there is not much cashflow left at the end of my month. I do have an excellent credit history but am not really able to show a strong income statement for bankers.
I do have a matrix mortgage with FirstLine with more than $160K LOC available. The problem is that I would need a positive cash flow after all expenses and debt service on the mortgage as well as the LOC on the investment. This seems like a tall order.
Compounding this is the fact that my health is not too good and I will require some type of maintenance/handyperson relationship.
The good news is that I live in Surrey, BC and am familiar with the area and its splendid opportunities for long term Real Estate investment. I am currently reading Don`s book on the ACRE system and I want to get started while I am still working part-time.
I am really looking forward to your replies.
Pat
[email protected]
Perhaps there is someone in my area of Vancouver - Surrey, BC that would consider a mentoring relationship?
QUOTE I`ve been studying the posts on this topic and others and am most impressed with the supportive (without B. S.) discussions between seasoned "Pros" and newbies, like myself.
I am looking for a little guidance and I hope to find some help here.
I am house poor.
While I can afford my mortgage of $130K, there is not much cashflow left at the end of my month. I do have an excellent credit history but am not really able to show a strong income statement for bankers.
I do have a matrix mortgage with FirstLine with more than $160K LOC available. The problem is that I would need a positive cash flow after all expenses and debt service on the mortgage as well as the LOC on the investment. This seems like a tall order.
Compounding this is the fact that my health is not too good and I will require some type of maintenance/handyperson relationship.
The good news is that I live in Surrey, BC and am familiar with the area and its splendid opportunities for long term Real Estate investment. I am currently reading Don`s book on the ACRE system and I want to get started while I am still working part-time.
I am really looking forward to your replies.
Pat
[email protected]