Any Investors Out There .....

Vancouver Real Estate Forum 3 Replies

Hello, I plan to come into contact with approximately 20K and I would like to invest in some way. A little about myself, I am a 56 y.o. who has looked into real estate for nearly 10 years. I have read multiple books, websites, articles, etc re: real estate investment, but NEVER took the plunge. I would love to partner with a more experienced investor inside/outside my area as they relate to these funds. Any answers, support, guidance and/or direction would be greatly appreciated!!!

Originally posted by @Christopher Jenkins :

Hello, I plan to come into contact with approximately 20K and I would like to invest in some way. A little about myself, I am a 56 y.o. who has looked into real estate for nearly 10 years. I have read multiple books, websites, articles, etc re: real estate investment, but NEVER took the plunge. I would love to partner with a more experienced investor inside/outside my area as they relate to these funds. Any answers, support, guidance and/or direction would be greatly appreciated!!!

 Good Day to you Christopher,

Fairly new myself, The way I got started is by house hacking my first property. It helps a lot because I get to save more capital for my next investment. So for your case maybe house hack on your first couple of properties as well so you can save more capital. Hope that helps.

-Rick

House hacking is when you buy a house and then rent out a section of your house to someone else. For example, if you buy a 2-3 bedroom house and then rent out one of the rooms to a friend or someone else. So, the rent payment will help you pay part of your mortgage payment. You are basically using someone else's money to make payment on your house. It will ease up your cash flow.