New in Edmonton, Alberta

5 Replies

Happy New Year everyone.

Certainly, it will be a new year for me. It's the year I'm finally going to pull the trigger and get down to some honest-to-goodness real estate investment.

I'm a long-time government executive looking to change career paths, starting with some dabbling and eventually going all-in.

I stumbled on BP via a link from J Scott's web site, which I stumbled on several months back while snooping around for some on-line advice. The web site is amazing. So much great content and so many great contributors. I vowed that this was the year I would finally educate myself in real estate investment, and BP will play a huge role in that.

While I am practically a complete newbie when it comes to real estate investment, I do already own one rental property, which was my principal residence until I got married a couple years ago. The rent covers all costs, including mortgage, so the equity in it is growing. But intend to sell it and use the equity to kickstart my real estate career proper.

I'm looking at flipping houses for a start and eventually holding/renting, all in the Edmonton area. I look forward to learning more about both.

Cheers,
Bart

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@Bart Johnson

Welcome. Time to build the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good luck

Paul

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