- Joined
- Oct 2, 2014
- Messages
- 2
Hello everyone,
My name is Emelyn, my sister and I wants to invest in real estate. We searched online and bought Don Campbell's book "Real Estate Investing in Canada". We would like to create passive income from real estate. We are full of excitement as we are looking at all the possible opportunities. We live in New Liskeard, Ontario. We are in our 30's. We have read a few pages of Don's book already. Today, we found a listing in Royale Lepage of a property that is listed at 299,999.99. It is a house in a farm. The farmland is classified as '"development". We are interested in purchasing a land and planning to either lease it to a solar company who rent lands where they can set up their solar panels or lease it to individuals looking for land to farm (ie Rentthisland.com). By leasing it to the solar panel company, their rent will pay for the mortgage of the farmland and the extra money will be our passive income.
We went to a realtor this morning at Royale Lepage and she said she will do some research on the property to check if it is listed at a reasonable price. She also gave us a contact number of a mortgage broker who can tell us if we will qualify for a loan.
We would really appreciate your thoughts/advise for us starters. Thank you !! =)
My name is Emelyn, my sister and I wants to invest in real estate. We searched online and bought Don Campbell's book "Real Estate Investing in Canada". We would like to create passive income from real estate. We are full of excitement as we are looking at all the possible opportunities. We live in New Liskeard, Ontario. We are in our 30's. We have read a few pages of Don's book already. Today, we found a listing in Royale Lepage of a property that is listed at 299,999.99. It is a house in a farm. The farmland is classified as '"development". We are interested in purchasing a land and planning to either lease it to a solar company who rent lands where they can set up their solar panels or lease it to individuals looking for land to farm (ie Rentthisland.com). By leasing it to the solar panel company, their rent will pay for the mortgage of the farmland and the extra money will be our passive income.
We went to a realtor this morning at Royale Lepage and she said she will do some research on the property to check if it is listed at a reasonable price. She also gave us a contact number of a mortgage broker who can tell us if we will qualify for a loan.
We would really appreciate your thoughts/advise for us starters. Thank you !! =)