I have more and more questions sent to my private email regarding Real Estate investing (which drives me to a conclusion that I really need to create an organized website with forum).
Most of the questions are "Why don't you post about RE investing?" and "What would be your recommendation?"
Well, guys and gals, honestly, I am not invested in RE yet and, as promised, I only post about things I personally do.
RE is definitely in my plans for the future. I plan to create a steady monthly passive cash flow before I turn to RE investments. And the reason is that I would prefer to invest in multi-family houses or in the raw land rather than into a single-family dwellings. Multi-family dwellings give you more or less steady cash flow, but require higher downpayment, while land is relatively cheap, but might actually take cash from your pocket for a couple of months.
Although I am not in Real Estate yet, I do have connections with RE companies in Alberta and Ontario. The company in Alberta looks for investors capital from $50000 and up. The company in Ontario is a management company that buys condominium houses and vacation properties in selected areas where the prices are expected to go up. The downpayment there might be as low as $10000.
If you are interested to know more, drop me an email to slavasrfp@yahoo.ca
Slava.
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