Posted by DMorise on January 08, 2001 at 20:37:45:
A Fourplex, like any other investment property should be viewed as a long term investment 15 yr note or less. Your tax write off will be great, I guess, I have heard canadian get taxed pretty excessive. Anyway focus your attention on learning as much about realestate as possible. A good Title company can be cheap. The one I use sends me some information for free. Know your brokers, stay honest possibly tell them that your looking at an owner finance, etc. Avoid putting a lot of money down, because you probably need the money for repairs. Read Robert Kiyosaki, Robert Allen, and Tax Haven books. Keep your accounting expenses, mileage, and other write-offs up to date. Investing in property is so satisfying when it is done correctly. I bought 4 properties in 2 yrs using some of the Carleton Sheets methods. 2 of the properties are a apartment buildings. 1st of all-Pay off your bills before investing, otherwise you might find yourself using credit card, which is not a good practice. Dave Ramsey is a guy a listen to often about being debt free-he is a true motivator. Good luck and God Bless you. P.S. Don’t waste your time and money, because both are essential in a lifetime of success.