Investment Real Estate in Edmonton
Are you looking for ways to get your money working for you? If so, investing in real estate should be something to seriously consider. The security of an investment like real estate gives you something tangible to maintain, in contrast to something as fluid and volatile as the stock market. When you purchase real estate for the purpose of renting it, the tenant begins to pay down the mortgage, while, over time, the real estate market can increase the resale value of the home. The increase, also referred to as capital appreciation, can be significant depending on the market and the length of time between your initial purchase and date of your sale. This increase, combined with the rent being paid towards your mortgage, can create enough equity to attain financial security, or even just help create a healthy retirement.
Let’s not forget the all-important “Cash-flow”. This is the amount of money left over after all expenses have been covered (mortgage/interest, taxes, utilities, management cost’s etc.). Although purchasing properly in the beginning can greatly improve your cash-flow potential, this should not be the sole reason to choose a property. A property may show a significant cash-flow, but other factors, such as: location, condition, tenant profile can all be costly future expenses if not taken in to consideration up front.
Buying real estate as an investment should not be viewed as a get-rich-quick scheme, but rather as a long-term business plan to achieve financial freedom. If you are new to real estate investment, it is imperative to have an experienced and knowledgeable realtor to help guide you through the process.
-To become a successful investor it is imperative to have the right team of like-minded industry professionals at your side. Your realtor, mortgage professional, and lawyer should all have experience and knowledge about purchasing real estate as an investment.
-It is important to know what kind of property you plan to purchase. For example, do you want to avoid dealing with condo boards and have more responsibility and control over the property? If so, apartment-style condos and many townhouse or rowhome style properties could be removed from your realtor’s search parameters, and your home search will likely be focused more on duplexes, single-family homes, and suited properties. Having a realtor who understands the benefits and challenges of dealing with condo boards is imperative.
-Having locations in mind is a great way to begin your search! A target area helps to avoid having properties scattered all over the place, which will aid in your ability to effectively manage and maintain them.
These are just a few points to seriously consider when developing your real estate investment strategy. To discuss more in-depth, please contact us today. We love to chat real estate!
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”-Franklin D. Roosevelt.
Are you a seasoned investor? Or, have one or two investment properties with plans to add to your portfolio? Well savvy investor, you have come to the right place! Here at coreysyvester.com, you have the freedom to search active listings throughout Edmonton and surrounding areas, porous our weekly Pre-Analyzed properties (Hot Sheets), find listings in your own searches and run them through our Property Analyzer to ensure performance before requesting more information, or a private viewing with us.
We have the knowledge and experience to help you accomplish your Edmonton real estate investment goals. Having been a REIN member (Real Estate Investment Network) for 5+ years, and have had the privilege to work with experienced investors from across the country who have chosen Edmonton AB, Canada as where they want to put there investment dollars to work, we are happy to help put your investment plans in to action. Our solid economy, booming infrastructure, expanding LRT and major transportation ways are just a few of the reasons savvy investors target our beautiful city with their investment plans.
If real estate investment is your goal, and you have chosen Edmonton as your investment spot, or just want to learn more about Edmonton and why this is a great city to invest in, please don’t hesitate to contact us. We would love the opportunity to talk real estate with you.