When planning for retirement, most people simply want to live as comfortably as possible. This means having some spending money aside from just their pensions or RRSP funds. There are all sorts of ways to do this but some, like the stock market, can be risky if you’re not an expert.
Investing in real estate can seem high-stakes simply because it usually requires a large amount of capital to get started. Naturally, this makes people even more cautious before getting started.
But a smart investor doesn’t take unnecessary risks.
You know that there’s some risk involved with any type of investing, but some investments feel a bit safer than others. For instance, the stock market is generally at the whim of consumer reaction, but you can usually trust the people running the companies you invest in are doing their best to increase profits.
The key to successful real estate investing is building your empire in the right place at the right time. Big cities like Toronto and Vancouver have a lot of appeal, but it may be tough to find opportunities that can produce cash flow because of the high price tags.
Real estate investors should get ready to make their purchases while TriUrban is hosting its special new construction pre-sale program for investors! We understand the rental market, and we’re using this knowledge to help you maximize the profits you get from your property.
A successful real estate investor doesn’t go through the process alone. You need a solid team of people you trust on your side if you want to build your investment property empire. Finding and hiring this team can be daunting, so we’ve put together a list of the people you will need on your side.
Once you’ve built this team, the entire process will go much more smoothly.
When you start looking for an investment property to purchase, you’ll likely find a variety of options. Naturally, you'll want to select a property that surpasses all of your expectations.
Discover ten tips on how to choose the investment property that’s right for you!
When choosing an investment property in Edmonton, you will likely be faced with the decision of whether to buy new construction or go for something older, maybe even a fixer-upper.
Both options have their pros and cons, however, we've found that the benefits of a new construction home far outweigh any cons, especially for long-term holds. The process to purchase a new home may seem daunting, but there are some great checkmarks in the pro column for investing in a new construction home.