How to start real estate investing?


(Prince Edward Island)

I have to say I am a fan of the website and your videos on YouTube are great.

I am 18 and I just finished my first year at the University of Prince Edward Island.

I have been interested in real estate investing for awhile now and I was wondering how a young guy would start out.

I am looking to build a nice life for myself with many different businesses but I really like the real estate investing and that is how I would like to start out.

I am interested in the flipping of houses and buying rental properties just almost everything involved with real estate. I live in PEI which only as a population of 130,000 which is awful small.

I was wondering if the province is too small to build a strong real estate portfolio and how should I go about starting in real estate investing.

Thanks.

Comments for How to start real estate investing?

Click here to add your own comments

Apr 29, 2010
P.E.I. Real Estate Investor
by: Chris

I also live in P.E.I. I started my real estate investing when I was your age with a little help (co-signing) from my parents and have continued to grow since that.

You have the right idea by wanting to learn more. It is a great path to financial strength.

P.E.I. can be a great place to start. Charlottetown real estate has had a steady 3-5% growth over the last 10 years. No matter what the province/city there are good and bad real estate investments.

Some of the keys to real estate investing are.
- Always buy in a good neighborhood.
- Always have monthly cash flow.
- Treat your tenants like your customers and with a lot of respect (because they pay your bills).

Best of luck,
Chris


Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Submit A Question.

                  

  Some Cool Free Stuff...

  Step 1:

Grab a free digital copy of our real estate investing book, Income  For Life For Canadians, right here. This book has been downloaded over 22,597 times and has helped hundreds of investors kick-start their investing with simple and straight forward strategies that you can implement right here in Canada.

You'll also receive our weekly [Your Life. Your Terms.] email newsletter with the latest investing updates and videos.


  Step 2:

Free Weekly Investing Videos & Articles: Get the latest updates and join the over 10,000 other Canadians enjoying the weekly [Your Life. Your Terms.] email newsletter. The email is sent out each Thursday. And as a little bonus we'll give a FREE digital copy of the book, Income For Life For Canadians, too!

Your Life. Your Terms.



  Step 3:

Free LIVE Investing Class: Do you live in the Greater Toronto or Golden Horseshoe Area? Come out to our next introductory "Investing in Nice Homes in Nice Areas" Real Estate Class.

Get all the details by clicking here.

It's 90-minutes and you'll learn a ton - promise!Thousands of investors have now joined us for this class and the feedback has always been amazing.

Click here to get book

This book has been downloaded over 22,597 times and has helped hundreds of investors kick-start their investing with simple and straight forward strategies that you can implement right here in Canada.



  Click here to subscribe