Andrew McCarthy

Charlottetown, PEMember since 2018

About myself

I am a 26 year old electrical engineer currently working on PEI. I have a great job with a competitive salary in my industry but I am not satisfied with simply investing my money into RRSPs and mutual funds. I have no debt and a lot of capital saved from working an excessive amount of over time over the past 5 years and I am looking to invest in real-estate. I have a local guru "power couple" who are helping me as I begin my investment journey and their success has extremely motivated me to start investing in rental properties. I consider myself in the initial education phase and I am learning all I can by listening podcasts (shout out to BP), reading various books (Rich Dad Poor Dad of course), talking to local investors/friends (shout out to Don and Janeen) and starting to check out possible investment properties. I am looking to focus on the BRRR strategy as this seems to work well in the Charlottetown area. I am highly motived and I am looking to obtain my first rental property I hope within this year (but only if the numbers work of course)! I love the Rich Dad Poor Dad quote "Mind Your Own Business" and this is exactly what I to accomplish with real-estate investments.

Interests

RentalsFlippingOther Strategies
Active almost 8 years ago