- Joined
- Mar 29, 2009
- Messages
- 29
Took me forever to piece my thoughts together
My name is Nick; I live in Calgary and I am very new to investing. I`ve decided to check out this site because it was emphasized a few times in Real Estate Investing in Canada, which I am almost finished reading. Great read, I owe a lot of thanks to the man who introduced me to the name `Don Campbell` earlier this year. I already have a few locations I want to check out as soon as possible.
Although the book covered a lot, there were a few things that I`m hoping someone could clarify for me:
Reading through a number of investment sources one of the key things that was emphasized was to Diversify. So, hypothetically, if someone had $200K in cash, would it be a wise choice to put it all in one property (or more if we are not talking about Calgary), or would it be a better choice to put as little as possible in several?
My other issue is that I am currently job hunting for a source of income, as I have been doing for the past few months, but in my mind I want to move forward without all this dependency. Would it be wise or even possible to still move forward with RE and at the same time focus on obtaining employment, or should I put this on hold while on the hunt?
Any help would be cool, thanks.
My name is Nick; I live in Calgary and I am very new to investing. I`ve decided to check out this site because it was emphasized a few times in Real Estate Investing in Canada, which I am almost finished reading. Great read, I owe a lot of thanks to the man who introduced me to the name `Don Campbell` earlier this year. I already have a few locations I want to check out as soon as possible.
Although the book covered a lot, there were a few things that I`m hoping someone could clarify for me:
Reading through a number of investment sources one of the key things that was emphasized was to Diversify. So, hypothetically, if someone had $200K in cash, would it be a wise choice to put it all in one property (or more if we are not talking about Calgary), or would it be a better choice to put as little as possible in several?
My other issue is that I am currently job hunting for a source of income, as I have been doing for the past few months, but in my mind I want to move forward without all this dependency. Would it be wise or even possible to still move forward with RE and at the same time focus on obtaining employment, or should I put this on hold while on the hunt?
Any help would be cool, thanks.