18 year old Canadian student

2 Replies

Hello all, I've been looking around the site and I figured it was time to introduce myself and get some different opinions or advice that anyone has to offer so here we go.

I am a 18 year old Canadian student who has been interested in real estate since as long as I can remember. I did my coop at a brokerage and I love looking at different projects that people are investing or building for themselves. What excites me the most is the spec builds in my area. People will buy the bungalows knock them down and build nice homes that are almost 4000 sq ft in size.( i know this investor made around 300k on that property- andI know the toronto market is very unique and not to expect that as an average ) I also like seeing some bungalows that get completely gutted and renovated.

My very long time goal is to be "retired" at 45 years old. (Passive income from rentals or leases). Many people tell me to "stop dreaming" however I think it is a realistic goal as I already know that I am interested in real estate and that if I start soon I can be where I want to be faster- compared to someone who makes a change into real estate later in life.
I currently am in university and am also working on getting my "registration" - becoming an "agent".
I mostly want to hear what people on here with experience have to say (good or bad) and also if there is anyone here in toronto willing to go for coffee.

Many thanks,

Spiro

@Spiro Klonizakis - Welcome! Great to see someone who is young and motivated - a Torontonian as well too!

I'm always down to meet up for a coffee and chat about real estate. I bought my first house 15 years ago right out of university and people thought I was crazy to invest in real estate instead of .com's. I'm sure I could have made money in the market, but invest in what you know!

Your goal is completely attainable, so don't let anyone discourage you. Just make sure you are diligent in your investing. The biggest mistake I made, was to lose focus though my 20s. I'd be retired already if I didn't spend so much time and money having fun. :)

Cheers,

Ming

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