Discover some facts about real estate investment along with options for investment property in Edmonton.
There are many reasons why someone invests in real estate. When considering this as an option for you, a good starting point is to ask “why”?
Every one of these reasons are fantastic and by choosing the right property type up front, it will significantly increase your success.
Buying investment property gives you the opportunity to enjoy income coming in on a regular basis. If you have more than one investment property, this income stream can really grow. That said, not everyone has the ability, need, or want to acquire multiple rental properties. To go along with that, perhaps only one or two might accommodate your plan.
Now, there are many benefits to owning real estate as part of your financial plan. One of the biggest is that unlike stocks and bonds, you don’t have to sell your property in order to make money. There can be tax advantages connected with your real estate investments and honestly, we can’t think of a better way to save money than to buy an asset by using mostly the banks money and then have someone else pay for it.
Are we there yet? Hold on - it’s almost time to look at properties…
Once you have committed to investing in real estate one of the most important things you will want to consider is your TIME! This a non-renewable commodity and one thing you will never get more of. Each property type we are going to review will command a different amount of time from you as the owner. How much time do you have to dedicate towards your real estate portfolio will help you determine which style you should look into.
So how do you choose the right type of home for your investment? Below, we’ve listed our top investment property styles.
We like to call these the “Steady Eddie” of real estate investing – nothing fancy but a consistent performance, year after year, with minimal management and time input. If this sounds appealing to you, then consider a Duplex in your investment portfolio.
Please enjoy a free download on Duplexes here: Duplex Information.
Homes with a legal secondary suite are a fantastic way to create two income streams. The best part is it’s all under one roof, which means only one mortgage. These units can produce higher monthly cash flow but may require more management and input from you. If this sounds appealing to you, then consider a Suited Home in your investment portfolio.
Please enjoy a free download on Suited Homes here: Suited Homes Information.
Like a suited home, a home with a Garage Suite is a fantastic way for investors to create two income streams with only one mortgage. Plus, they generally can produce substantial monthly cash flow. Garage Suites are a growing trend and we understand why; tenants like them as they eliminate most co-tenant issues found with suited homes like noise, smell and privacy. Not to mention their ultra-modern design offers lots of windows for maximum natural light.
A garage suite is a good investment because it allows you to collect rent from two occupants living on the same property, which means even more profit for you each month.
Please enjoy a free download on Garage Suites here: Garage Suite Information.
Infill developments are a fantastic way to maximize land use, however, there are usually a few more steps and time involved to achieve that success. Infill properties are developed in mature neighbourhoods giving you the opportunity to have a new and efficient building under warranty in an established community.
Please enjoy a free download on Infill Developments here: Infill Information.
If you’d like to learn more about any of these home styles, please contact our office today. We’re proud to help families and individuals along the path to getting the investment home or residence they’re looking for.