Need a push.

[END12018]

Good am network.
I would like to start investing in real estate,however im nervous and hesitent.
I reside in Belleville Ont,and believe it is a good market to get my feet wet.
I honestly dont know where to begin or how.I have been looking at wholesale options as well as lease options.Low cost to begin with i suppose.
I would welcome any feed back,or if there is anyone that has connections in my area that i might be able to speak with,to help get me going on this.
Thanks.
Dave.

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[Thomas Beyer]

Start buying your own house first and then 2-3 rental properties with your own money or that of inner circle aka parents, sister’s, grandma’ or Uncle Harry’s.

Then, and only then, invite others to invest with you.

More here

https://myreinspace.com/threads/educational-rein-posts-by-thomas-beyer.10663/

https://www.vancouverrealestatepodc...00000-with-real-estate-investor-thomas-beyer/


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[END12018]

Thanks for the info.
I have owned homes for many years now,but have never invested.Im locked and loaded,just need to know how to shoot.
Thanks again.

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[Thomas Beyer]

Thanks for the info.
I have owned homes for many years now,but have never invested.Im locked and loaded,just need to know how to shoot.
Thanks again.

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Shoot where’s there’s a worthwhile target. Many such cities and neighborhoods in cities exist.

Where do you live?

What cities within a 2h driving radius have decent economics, cash flow 75-80% levered (given prices and rents) and upside? Pick one city only and one neighborhood only with upside within that city and then understand prices - ie understand if $285,000 for a 1850 sq ft 3BR TH with an east facing yard three blocks from a train or major bus station is a good deal, average or grossly overpriced vs that 1500 sq ft 2BR TH facing north on a busy street for $245,000.

Specialize in neighborhood AND asset type. See links.


Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com

 

[END12018]

I appreciate this Thomas.
I live in Belleville,2hrs east of Toronto,and an hour west of Kingston.

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[Thomas Beyer]

I appreciate this Thomas.
I live in Belleville,2hrs east of Toronto,and an hour west of Kingston.

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Start there then. What can you buy for 300-400,000 and rent for $2500 up and down?


Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com

 

[Cory Sperle]

I agree start with a single family unit close to where you live. It won't make you rich but with the right amount of research you will do well holding such a property, and move up from there. The common mistake for newcomers is to go after something perceived as 'exciting' or 'glamorous' like wholesaling, flipping, rent to own, etc. which are all senior strategies and speculative at best and will lead to almost certain failure as a newbie unless you are extremely lucky.

 

[END12018]

Thanks so much...keep it simple.

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[Matt Crowley]

Buy public companies right now if you want RE exposure. Huge discounts to NAV and no hands on work. There is a time for direct investment, this is not it.