Who can teach me how to buy property?
- Thread starter Luna Soleil69
- Start date
I use to own property, but now I only own where I live. I would have long killed one of my tenants by now if I still have rental property. They demand that you are available for them on their terms and schedule. Property is a long term investment where you hope to earn a profit years down the road. Which may or may not happen. I get a payday almost every day on the stock market, check the BCE thread in the finance section ( page 5 post 87 ) Check it again at the end of the week.
You seem to be living in some fantasy land, expecting everyone will believe your made-up stories. You bought a townhouse with cash and can't remember how you did it. Daddy took care of it and Daddy lives in Florida (or rather did) as you have said many times? Sorry to hear about his passing
. You have my sympathies. So you either still have this townhouse or you sold it, and you have no idea how it was sold. It must have been in the US since Daddy lived there. Or it was in Canada and how Daddy took care of it must have been absolutely amazing!Yes, Mr.Gr33k, there are more ...... currently she is going under Luna Solei and clearly PattySmith.
First some U-man shows up here on TERB claiming to have high rise apartment building and he post his measly stock market portfolio on the board claiming to have earned 18% over two years when he has actually lost 18%!
Is this a U-woman claiming to have a condo paid up in cash and has some mysterious fortune waiting to make a killing on real estate.
I cleaned out all the cacklers..............now a U-man/U-woman infestation!
Is this a U-woman claiming to have a condo paid up in cash and has some mysterious fortune waiting to make a killing on real estate.
I cleaned out all the cacklers..............now a U-man/U-woman infestation!
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She's looking for attention, not videos.
Tom Vu can teach you how to do it.
Or his modern day equivalent, Robert Kiyosaki who also has seminars.
Or his modern day equivalent, Robert Kiyosaki who also has seminars.
At current prices for real estate you are not going to be cash flowing. Pointless impo if you are not able to be making a profit after expenses
Well, if you still have your townhouse today, I'm sure it's worth a lot more than when you bought it. Paying for it in cash is debatable, but it doesn't matter.
Are you thinking of investing in real estate, or do you just want to buy another house because you've accumulated a lot of money?
Investing in real estate requires some education and some patience and nerves.
If you still have that townhouse and don't have a mortgage, you could put a line of credit on the house and borrow from it to help you buy real estate.
But you still have to educate yourself. There are real estate groups out there, some of which are a bit scammy, some of which are excellent.
OP doesn't know anything about real estate and your suggestion is to take out a line of credit on it? What ever could go wrong?
More like hope to bring you on as an associate. Many people pony up for certification and overpriced sales materials and then never "break in" to getting significant commissions. Quite a profitable side hustle...
If he wants to get into real estate, my suggestion is that he educate himself properly on real estate, first. If he's serious, at least he might have equity in his principal residence that he can leverage to start. That's how I started.
But if you don't educate yourself properly, everything can go wrong if he takes out a line of credit.
If you borrow from the line of credit to pay for a downpayment on any random house and expect the rent to cover the mortgage and all other expenses, you're asking for trouble.
OP: Do your homework, talk to the right people, ask the right questions. Don't dive in with your eyes closed, or you might lose your own house.
Not to mention that you need to be aware of Landlord/Tenant laws in Ontario, and how getting the wrong tenant can really screw you big time.
careful reading like starting with a fact that op is a she not a he
That's debatablecareful reading like starting with a fact that op is a she not a he
