All Forum Posts by: Jason C.

@Ram Srinivasan

1) I'd like to build equity through passive income to help secure my finances for the future. The current job that I have allows me to earn a decent income (which i plan on using as capital) but dosn't allow me to have much time at home.

2) I would like to invest somewhere within driving distance of where I live. In my city, everything is extremely reliant on oil prices. I've seen front row, the effects of the oil prices declining in the past year. I'd prefer somewhere that's a more stable, somewhere has a more diverse economy. Somewhere like Edmonton or Calgary.

3) I currently own a home, i plan to use the equity that i have in this house towards a down payment for the next.

I'm currently working in the Oilfeild. Frac to be more specific. We saw layoffs all of last year but work has actually been fairly steady throughout 2015. I still managed to make a six figure salary. Although i'd like to use my high income opportunity towards something that will secure a better future for myself, with the current state of oil, it seems as though right now wouldn't be the best time for me to invest in real estate in Alberta. Or is it?

Also, what do you guys think about this? (Kevin O'Leary: You'd be an idiot to buy a house)
http://www.bnn.ca/Video/player.aspx?vid=760243

Hi everyone,

I'm new to the forums. And brand new to Real Estate Investing. I'm 23 years old and currently living in Alberta, Canada. I'm looking to network and find more experienced who can help me gain knowledge on the Canadian Real Estate Market, more specifically in Alberta. I'm interested in cash-flow rental properties. I'll be reading through the forums trying to soak up as much knowledge as i can.

- Jason