Real-estate investing

  • Posted by a hidden member.
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    May 31, 2010 9:50 PM GMT
    Requesting advice from the financially educated gays..

    I'm planing to invest in real estate within a year's time either in residential or commercial to have money work for me. Does anyone have any advice, tips or sources of insights they could point out for me?

    Would be well appreciated.

    EDIT: when i mean commercial i mean investing with builders of office buildings in downtown locations and such and then selling once they are completed.
  • Posted by a hidden member.
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    May 31, 2010 10:10 PM GMT
    Location, location, location.

    PS. I heard through the grapevine that South Florida is a good place to invest right now.
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    May 31, 2010 10:48 PM GMT
    paulflexes saidLocation, location, location.

    PS. I heard through the grapevine that South Florida is a good place to invest right now.


    that's true I'm planning to invest in downtown toronto for now however but was wondering if there are some planning or investment tips for the north american market in general.
  • trevchaser

    Posts: 237

    May 31, 2010 11:03 PM GMT
    What I'd do is maybe take a course or even search for a few free courses online. These teachings will totally open up your mind to what you are focusing on now. I started attending a few free seminars that were found in the paper. Mostly local. Then I attended a Trump seminar. Yeah blah blah blah it was expensive and such but that was the weekend were I learned to think outside of the box to have my money work for me in more ways than leaving in the savings account. I totally believe that if I didn't pay the price to attend that weekend workshop, I wouldn't have put such a high value on it's teachings and all I would be taught would be forgotten the next weekend.

    Talk to some financial planners. The good ones are usually free of charge as a service to you. Their goal is that when you do start making money and getting yourself out of just filling in the hole you created, they can show you even better ways which you'll pay the planner for that type of advice/help.

    Check out Fast Track Capital. I have been making investments through the different properties they have secured and purchased with every one of them making a positive ROI.

    Say you have a place other than Toronto where you would love to stay for longer than just a vacation. Buy a place in that area, and use it as a vacation rental during the time you don't use it. Have a property management company take care of renting/screening/cleaning of your property making sure that net rental income can pay the mortgage off quicker than your normal 25-30 years. I'm already now learning how most people with a 30 year mortgage can easily cut their mortgage time 1/3 to 1/2 of the time without them changing anyway they live life or the income they make.

    Look into oil/gas/hydro as well. This is a new avenue that I'm looking into which seems more lucrative than real estate as the population of this world is increasing, along with technology that is all going to need energy to create/use.

    The possibilities are limitless with the help of others and the research from yourself. Just believe in yourself that you'll find a way, and a path will find it's way to you. icon_biggrin.gif
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    Jun 01, 2010 1:35 AM GMT
    Interesting insight but i'm not sure about the trump deal i find a lot of companies associate his name in shady stuff.

    i got several invitations to his seminars but im skeptical about their profitability on my end. even pyramid scheme companies like acn use his name.


    anyways getting back to topic i will check out the rest of stuff i'm mostly looking to invest a good lump sum of money and was seeking the ways i could do it.