All Forum Posts by: Nile Yacob

Best of luck @Nicholas Smith. I hope you are able to secure your deal. Keep me posted.

God bless!!

One of the biggest things I have learned during this current pandemic is that you should start gaining some financial knowledge so that you are not at the mercy of your employer. You should reach a point that you have multiple sources of income and you shouldn't depend on working for someone to be your main source of income.

Hello Hai Loc,

Thank you for your response. I am looking for long-term wealth development so I am going to be opting for long-term real estate investment that can generate positive cash flow.

As for capital, I can arrange down payment of about 10k - 15k. I was also thinking of using a corporation to own the properties.

Regards,

Nile

Hello there,
I have been doing some research and reading books. What got me started was the Rich Dad Poor Dad book by Robert Kiyosaki. That opened the door to more and more research and I am sold on the idea of real estate investing. I have been overwhelmed by the vast amount of information and no matter how much I read, it just leads me down another tunnel of more information gathering.

I am currently in the Toronto area but based in the property prices here, it will be a very risky game in case I make any mistakes. I am willing to give it a try and I am very open to other areas of Canada as well. I would greatly appreciate anyone that could start pointing me in the right direction and can answer some of the questions that I have. 

Thanks