Real Estate Investing, mentor ship and networking in Edmonton

isaac martineau

New Forum Member
Registered
Hello everyone,
My name is Isaac,
I am a 29 year old Firefighter living in Edmonton Alberta with my wife, 9 month old son and two dogs.
Currently, I am taking my Bachelor of Commerce degree part time from Athabasca while working full time and pursuing financial and economic freedom with Real Estate Investing.
Currently, I own 3 Detached houses, one being my principal residence in Edmonton and two being rental properties in Sherwood Park.
I have been reading all of the books, I have been building my team, however there are still many roadblocks, and I have so many questions.
I want to take the opportunity to reach out to any business savvy, like minded, hardworking and motivated investors and create a network that I can use for mentorship, accountability and possibly even future business deals.
Thank you for taking the time and I look forward to creating and working with successful real estate investors.
 

Thomas Beyer

Senior Forum Member
REIN Member
Congrats. Well done at this age !!

Read my book (80 Lessons learned on the road from 80,000 to 80,000,000) as it was written for folks like you? If so, happy to help.
 

isaac martineau

New Forum Member
Registered
Thanks for the reply Thomas,
I started reading your book this morning, it’s a great read and I’m getting lots of great notes, I’m a lifetime learner and love reading books like yours.
I spend time each morning reviewing property listings, available rentals and mortgage rates in areas I am interested investing in. There are lots of properties I know have great rental potential but the obstacle I’m running into is financing.
I want to learn about all of my options to leverage a property as I want to start generating cash flow and building the foundation of my successful business now to give my family more economic freedom as my kids start to grow.
 

Thomas Beyer

Senior Forum Member
REIN Member
Thanks for the reply Thomas,
I started reading your book this morning, it’s a great read and I’m getting lots of great notes, I’m a lifetime learner and love reading books like yours.
I spend time each morning reviewing property listings, available rentals and mortgage rates in areas I am interested investing in. There are lots of properties I know have great rental potential but the obstacle I’m running into is financing.
I want to learn about all of my options to leverage a property as I want to start generating cash flow and building the foundation of my successful business now to give my family more economic freedom as my kids start to grow.

Sounds great.

After a broad search narrow the criteria. Read here on how to get started:

http://myreinspace.com/public_forums1/General_Discussion/61-4391-How_to_get_started_.html



When the student is ready, the teacher will appear !

Forget about cash flow ! Focus on networth improvements. https://myreinspace.com/threads/what-is-better-cash-flow-or-higher-roi.26596/


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

Matt Crowley

Senior Forum Member
REIN Member
Some excellent resources here: https://astudentoftherealestategame.com/resources/

Really depends on the amount of risk you want to take.

Long term hold is a great strategy over the long horizon with relatively low cash flow (if any) distributions for the first 5 years. Great wealth builder over the long term. In my view, if you are buying SFH / townhomes, it is not a great investment and JV vehicle because the distributions are relatively small and it takes such a long period of time to build wealth. I think slow and steady is the best strategy here, though it sounds as though you have made great progress on this already. There isn't really a trick here. If you JV to more 'doors' then you turn into more of an asset management company. That is fine but it is hard to really value-add here because the fees are so small on a SFH and the process of setting up an investment and managing it is really so easy it doesn't really need an extra layer of fees.

Larger fees and margins are in development but this is a full-scale commitment and is a proper business, not really a passive investment.
 
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