Introduction from Canada

Braeside, Ontario · Member since 2016 · 4 posts · 1 vote

Hi all,

I'm a relative newcomer to real estate investing, and interested in building something for my retirement (10 years out). Looking for cash flow deals. This is a great resource, and I have been reading / learning tons since finding the site in 2016.

Hope to do business soon!

Jason Taylor

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Meghan Chomut

Investor · Thunder Bay, ON · Member since 2017 · 83 posts · 22 votes

Hi! You are in the right place. Just keep listening to the podcasts + asking questions.

As a CFP I would recommend working backwards. If retirement is 10 years away, what does your future income look like if you do nothing. Is there a shortfall? Is there excess?

If there is a shortfall what kind of extra income do you need to make you whole again?

If there is excess how can you leverage that future cashflow NOW to invest in real estate today?

Good luck!! We're all cheering you on!!

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Jacob Perez
Rental Property Investor · Hamilton, Ontario · Member since 2016 · 285 posts · 181 votes
9y
@Jason Taylor Welcome to Bigger Pockets - It's definitely a great resource. I think geographically you're definitely in a good market with proximity to Brantford - Still some affordable cash flowing deals out there.
Now's definitely the time to take a run in investing while you still have an income that positions you to buy.
Feel free to reach out with any Qs.
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Marlon FongPro Member
BiggerPockets Support · Bridge City, TX · Member since 2016 · 1k+ posts · 367 votes
9y
Welcome to the BiggerPockets community @Jason Taylor! Great to have you here.
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Meghan Chomut
Investor · Thunder Bay, ON · Member since 2017 · 83 posts · 22 votes
9y
Hi! You are in the right place. Just keep listening to the podcasts + asking questions.
As a CFP I would recommend working backwards. If retirement is 10 years away, what does your future income look like if you do nothing. Is there a shortfall? Is there excess?
If there is a shortfall what kind of extra income do you need to make you whole again?
If there is excess how can you leverage that future cashflow NOW to invest in real estate today?
Good luck!! We're all cheering you on!!
1 Reply
Jason Taylor
OP
Braeside, Ontario · Member since 2016 · 4 posts · 1 vote
9y
Thanks for the welcome folks!
@Meghan Chomut - thanks for the advice. The shortfall will be overcome, I have no doubt. :-)
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Andrew SyriosPro Member
Moderator
Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
9y
Welcome aboard Jason!
Podcast Guest on Show #121
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Matt Motil
Rental Property Investor · Cleveland, OH · Member since 2015 · 1k+ posts · 880 votes
9y
Welcome to BP! This is a great resource!
0 Reply
Bryan Pham
Rental Property Investor · Oakland, CA · Member since 2016 · 602 posts · 250 votes
9y
Welcome to BP!
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