Real Estate is a very stable form of investment amongst other options available for people to invest. Given the recent market trends and the returns that people are getting on their hard earned money in other investment vehicles, people have started to explore real estate as an alternative in investing.
Real Estate is now a getting very popular in people’s investment portfolio, at least in part, in the form of their retirement savings or RRSP or TFSA. There is also widespread understanding that you don’t need thousands and thousands of dollars to be investing in real estate you can start small.
Real estate Investing now does not mean just buying a house or a condo and just renting it out to tenants. There is a lot more understanding about the stability that how a multi-family offers more stability and better return on investments. Also the number of options present for an investor are now realized by many and hence the surge of Real Estate Investing.
The question always is … where do I start?
That is such a key question and the correct answer is not straightforward as we would like it to be. The ideal answer is to get started with a plan and taking a look at your current status and portfolio. We do a thorough analysis of your investment and your retirement goals before we even suggest you start investing in real estate. May be you are not ready now, may be you need 6 months, may be a year to get started, however you will only know once we discuss the details with you and show you what is possible.
#1. ASSESS WHERE YOU ARE TODAY
You have to know exactly know where you are today! To the dollar if possible. It has been shown that only .01 % people know their exact net worth! Do you?
#2. WHERE DO YOU WANT TO BE IN 5 YEARS?
This sometimes seems so repetitive that it is boring.. BUT do you really know? Do you have that in writing? If you do great! You are two steps ahead of majority of the people that are reading this! Congratulations!
Real Estate Investing could be done right and could be done wrong. How do you want to invest? Do you have the what it takes to do it? Do you have a team? Do you know what strategy is going to get you there in 5 years?
#4. DO YOU HAVE A POWER TEAM
Having a team with key players of real estate field makes the difference between winning and losing! I cannot emphasis this hard enough. This could be single factor that decides if you win or loose in the game of real estate investing.
#5. GET STARTED
Once you have all this in place … just GET STARTED! There is no way in the world that you are going to learn everything about real estate before you buy your first property. So as long as you have good team, good knowledge and calculated risks you should go ahead and start!
We are always here to help and guide you along the way to best assist you in all the steps mentioned above. Our team specialized in Mortgages that offer great interest rates and terms for clients! Talk to us and let us know where you stand and we can discuss with you according to your situation what should be next step.
WELCOME TO REAL ESTATE INVESTING!
Tags: real Estate Investing