Starting Point

Hi there,

I'm a young ambitious recent university grad living on Vancouver Island. I have not invested in property yet, but I plan to use real estate as a foundation in investment portfolio.

My end game is to end up investing in cash flowing apartments and multifamily units.
Doing value-add deals in the apartment arena gets me excited.

I'd like to know what your opinion is on how I should get started in my real estate venture. I'm currently looking for a duplex or a home that can provide positive cash flow at the end of the month, but it's quite hard to find. I should mention here that I'm not overly interested in the rent-to-own model.

Your time and advice is very much appreciated.

Thanks,
John

Comments for Starting Point

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Jul 13, 2015
 RE: Starting Point
by: Tom

Hi John,

Congrats on having goals like that already.

You'll want to go visit with some other investors to figure out where they're finding cash flowing property in your area (or close to it). Check out meetups and other investor groups and begin peppering everyone with questions. There's likely some type of property in your area that's going to meet your needs.

Ultimately in this business there is immense value in having a good network of people around you so begin meeting people in the area who are investing successfully. You need someone on the ground there who can share the state of the market.

Also, check out RevNYou.com and Julie Broad's stuff. They're out your way and a great source of information.

Thanks for the question!

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