How do i build a portfolio?
- Thread starter alexh
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Start by reading " Real Estate Investing in Canada" and take action. Start small and grow.
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QUOTE (alexh @ Feb 22 2009, 11:32 PM)
2. Concerning building a portfolio.
How do i build one?
How much time does it take?
I own 1 property (main residence)
Successfuly qualified for 1 stated income type mortgage.
I earn about 75-100k year.
read this ..
5 ways to make money http://myreinspace.com/public_forums/General_Discussion/61-3347-5_ways_to_make_money.html
How to get started http://myreinspace.com/public_forums/General_Discussion/61-4391-How_to_get_started_.html
50/50 JV ` is this fair ? http://myreinspace.com/public_forums/Real_Estate_Discussion/62-2015-5050__is_this_fair_.html
then buy one or 3 more with your own money, then start to invite others to invest with you ! It takes a while .. depending on much time you spend at it and your abilities to sell, manage and find deals !
2. Concerning building a portfolio.
How do i build one?
How much time does it take?
I own 1 property (main residence)
Successfuly qualified for 1 stated income type mortgage.
I earn about 75-100k year.
read this ..
5 ways to make money http://myreinspace.com/public_forums/General_Discussion/61-3347-5_ways_to_make_money.html
How to get started http://myreinspace.com/public_forums/General_Discussion/61-4391-How_to_get_started_.html
50/50 JV ` is this fair ? http://myreinspace.com/public_forums/Real_Estate_Discussion/62-2015-5050__is_this_fair_.html
then buy one or 3 more with your own money, then start to invite others to invest with you ! It takes a while .. depending on much time you spend at it and your abilities to sell, manage and find deals !
QUOTE (TodorYordanov @ Feb 23 2009, 06:50 AM) Start by reading " Real Estate Investing in Canada" and take action. Start small and grow.
thanks,
I read both great books. Im just trying to figure the best strategy to start a real estate portfolio with what i already have, and my revenue projections from my job in the next 1-2-3-4 years.
thanks,
I read both great books. Im just trying to figure the best strategy to start a real estate portfolio with what i already have, and my revenue projections from my job in the next 1-2-3-4 years.
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- Feb 18, 2008
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- 1,281
Hi Alex,
I know of REIN members who only buy 3 properties ever, but then I know guys who buy over a hundred in their first three years. I only bought one in 2008, my first year investing, but that`s an ok fit with my situation and goals.
What is really important is to define your objective (or Belize), and understand what is driving your definition of `portfolio`.
How do i build one? Buy one positive-cashflow property at a time, plan for owning 30, and help others out as you go.
How much time does it take? REIN has a program called 17-3, which is the goal of owning 17 doors in three years. It`s attainable for most people.
Chris
I know of REIN members who only buy 3 properties ever, but then I know guys who buy over a hundred in their first three years. I only bought one in 2008, my first year investing, but that`s an ok fit with my situation and goals.
What is really important is to define your objective (or Belize), and understand what is driving your definition of `portfolio`.
How do i build one? Buy one positive-cashflow property at a time, plan for owning 30, and help others out as you go.
How much time does it take? REIN has a program called 17-3, which is the goal of owning 17 doors in three years. It`s attainable for most people.
Chris
QUOTE (alexh @ Feb 23 2009, 02:11 PM) thanks,
I read both great books. Im just trying to figure the best strategy to start a real estate portfolio with what i already have, and my revenue projections from my job in the next 1-2-3-4 years.
go look at some income properties. do the numbers. pick one or two that work. make some offers.
then find a good mortgage broker to get you financing on your accepted offer(s).
just start, man.
I read both great books. Im just trying to figure the best strategy to start a real estate portfolio with what i already have, and my revenue projections from my job in the next 1-2-3-4 years.
go look at some income properties. do the numbers. pick one or two that work. make some offers.
then find a good mortgage broker to get you financing on your accepted offer(s).
just start, man.