- Joined
- Jul 21, 2013
- Messages
- 7
My JV partner and I are recent CA's and are looking to get started within the RE market. We have both done a lot of homework and are ready to "lace up our skates."
We have a modest $50k investment (+conservative amounts for admin costs & asset repairs/improvements) and are looking at getting involved in a buy and lease situation.
The issue is that as we are located in Vancouver, an investment of that size will not go far locally, so we are looking at other areas that present a good environment for learning the ropes of the industry given our financial constraints. We are not insistent on being cash-flow positive (though that would be great), but we are looking to be neutral at least.
Any suggestions on good environments/locations for a few first-timers looking for both investing experience and potential for equity growth? and why?
Any other advice/tips/ notables you wish someone had mentioned to you when you got the ball rolling would also be appreciated.
Cheers,
We have a modest $50k investment (+conservative amounts for admin costs & asset repairs/improvements) and are looking at getting involved in a buy and lease situation.
The issue is that as we are located in Vancouver, an investment of that size will not go far locally, so we are looking at other areas that present a good environment for learning the ropes of the industry given our financial constraints. We are not insistent on being cash-flow positive (though that would be great), but we are looking to be neutral at least.
Any suggestions on good environments/locations for a few first-timers looking for both investing experience and potential for equity growth? and why?
Any other advice/tips/ notables you wish someone had mentioned to you when you got the ball rolling would also be appreciated.
Cheers,