Getting Started with Investment Property in Canada
So I have have read many books and initially got drawn to real estate after reading "why we wan't you to be rich" by Donald Trump and Robert Kiyosaki.
I then somehow came across your website and just finished reading your "income for life" book. (which I loved)
Everything I read always says to get started, don't wait, etc... but in reality it doesn't quite explain how to get moving and what to do first.
Now I don't need to be hand held by any means, and can get anything I want on my own - but I would like some more information on what to do next as this is a big step.
I am interested in Buying to hold and rent-to-own for myself.
- Choose a business name, register the business and then Write business plan. Is it different then writing a normal business plan and registering a business?
- Do I need a mortgage broker, special bank account, real estate agent (buyers), lawyer, accountant?
- What if I do not have 10% 5% or anything to put down?