It’s not just about how much cash flow you can make, but how much can you keep!
When you’re investing in real estate, you want to keep your eye on the cash flow of the property. This is how much money you’re able to make after you’ve paid all of your expenses.
If you're planning to invest in real estate, you’ll want to see some decent returns. The process can be quite simple but buying the wrong property in the wrong area that attracts the wrong tenant profile can lead to many frustrations.
Despite the COVID-19 pandemic - or maybe even because of it - 2020 was certainly a wild ride for the real estate market. In fact, pre-pandemic predictions suggested that we were going to see a downturn in the market, but the opposite happened.
As another year begins, it’s time to start thinking about which new goals you want to set out for yourself. Right now is also a perfect time for you to plan out the real estate moves you need to make.
It’s looking like 2021 is going to be a promising year for real estate investors entering the Edmonton real estate market, especially if supply shocks and provincial rental policies keep driving cash flow deep into the negative in cities like Vancouver and Toronto.
When you buy a brand-new investment property, you’re naturally going to want to get your tenants moved in as soon as possible so you can start paying off the mortgage, building equity and seeing some of that income.
2020 was certainly a wild ride, in both the real estate industry and beyond. Now we’ve got our eyes on what’s in store for us during 2021.
Of course, it’s impossible to perfectly predict what could happen, but we can always look for trends to give us an idea of the possibilities.
You’re probably sick of everyone referring to 2020 as an unprecedented year, but let’s be honest... what else can you say about it? COVID-19 has meant a lot of changes in how we live and how we do business, but you’ll be surprised by how it’s affected the real estate industry!