young beginner real estate investor looking for advise

CorySperle

Senior Forum Member
REIN Member
Sep 1, 2010
618
328
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Edmonton
#21
Of course you can hit those returns. You can even hit higher. Think private mortgage investing and plenty of other high paying investments. But consistently over 25 years? Nope doesn’t exist. People investing with Walton back in the days hit good returns as well.......well.....at least for a while. What’s left of that?

Yes it may seem 5% down and then adding on the cost of some items might appear to wipe out your initial investment, but most of us acknowledge RE investing is a long term game and with patience and focused effort your return will be less risky and definetly more consistent over a 25 yr period.
Seriously man? How many newbies have you seen who bought their first home for 5% down and held for 5 years or longer and lost money?.. How many newbies have lost money investing with so called "experts" in real estate and land deals loaded with upfront and ongoing fees, second mortgages, limited partnerships.. I have spoken to dozens on this forum who have. Walton is a prime example, and my previous financial adviser who I fired were keen on them but when your goal is to earn as many fees and commissions as possible regardless if the investor makes any money, oh well I guess..

As mentioned numerous times above, buy now then wait:
- find a good realtor and start looking for SF with a suite you can buy for 5% down. It's a buyers market in Edmonton.
- forget formal education at this point. Buy, and learn to do by doing!
- If you can handle one tenant and enjoy being a landlord, then read some books and perhaps buy another property.

I have also seen many folks jump the gun and join rein and other groups and realize they hate real estate investing. It is a fabulous wealth generator if you have patience and do it right but it's certainly not for everyone.
 

Martin1968

Frequent Forum Member
Registered
Jan 22, 2017
142
117
43
49
#22
Seriously man? How many newbies have you seen who bought their first home for 5% down and held for 5 years or longer and lost money?.. How many newbies have lost money investing with so called "experts" in real estate and land deals loaded with upfront and ongoing fees, second mortgages, limited partnerships.. I have spoken to dozens on this forum who have. Walton is a prime example, and my previous financial adviser who I fired were keen on them but when your goal is to earn as many fees and commissions as possible regardless if the investor makes any money, oh well I guess..

As mentioned numerous times above, buy now then wait:
- find a good realtor and start looking for SF with a suite you can buy for 5% down. It's a buyers market in Edmonton.
- forget formal education at this point. Buy, and learn to do by doing!
- If you can handle one tenant and enjoy being a landlord, then read some books and perhaps buy another property.

I have also seen many folks jump the gun and join rein and other groups and realize they hate real estate investing. It is a fabulous wealth generator if you have patience and do it right but it's certainly not for everyone.
Amen once again.