How to Invest in Real Estate
"I made my first investment at age eleven. I was wasting my life up until then." ~ Warren Buffett
Land has always been a sought after asset, and today more than ever the richest in the world made their money in real estate. Buying land is a way for business minded people to diversity their assets, earn income and ultimately increase their net worth.
Owning a rental property in addition to your principal residence is a great way to build wealth. Unlike investing in the stock market, with real estate you have the added bonus of having someone else pay down your mortgage. And like owning shares in a good company, equity grows over time.
Real Estate Investing is a Business
A viable business is primarily about positive cash flow. Real estate investing is exactly the same, which makes real estate a good investment in any market. Revenue needs to cover expenses, and hopefully there is some leftover at the end.
Investing is about analyzing markets and holding a property for the long time. And over time, real estate values always increase in the long term. Whether prices rise or fall isn't as important to a true investor as the investor has no immediate plans to sell. As opposed to a speculator, whose goal is to purchase and flip for a quick buck.
Partnering with the right agent is crucial to conduct a thorough analysis of properties for investment purposes. A Realtor must know or have access to the rental market values as well as all the costs associated with operating the property, including maintenance and lending costs.
Our group can help. At RE/MAX Vernon Salt Fowler our lengthy and personal experience with investment properties can help guide you through the analysis of your investment options. Contact us today - we can help.
As an Investment Property VIP buyer with Salt Fowler you will receive updates of all new investment property listings that match your criteria FREE of charge. You will get first pick of properties that interest you and the ability to beat other buyers to an offer - which ultimately will save YOU money.
Most importantly your time isn't wasted viewing homes that don't have any cash flow or future capital gains potential.
You can request this free service by simply filling out the information on the form below including the specific price range and area you are interested in (if it's not in the North Okanagan, we can still help you!).
We can start right away. Complete the form below and "Submit", and let’s start building your future wealth.