How to get rich in real estate? That is a question that we hear too often from real estate enthusiasts and fresh graduates who are looking to pave their ways to the riches. It is very easy to see the attraction of investing in real estate when reading about or seeing people who actually know how to get rich in real estate. After all, investing in real estate is indeed one of the best ways to get...
5 WAYS TO INVEST IN REAL ESTATE IN 2020 You love investing, and at this point nearly all of your money is in the stock market. You know it’s important to diversify, but aren’t sure if real estate investing is right for you. You might think it requires a lot of money up front, or requires a lot of work ongoing. And while some of that is true, there are new options this year that can make...
Getting more than one mortgage could be possible with the right advice. Get started with an expert broker for the right advice, first time Can you have 2 mortgages? If you can afford the repayments on more than one mortgage and you find mortgage lenders who are happy with your affordability, there is nothing stopping you from having multiple mortgages at once. Whether investing in buy-to-lets, a holiday...
Real estate is generally a great investment option. It can generate ongoing passive income and can be a good long-term investment if the value increases over time. You may even use it as a part of your overall strategy to begin building wealth. However, you need to make sure you are ready to start investing in real estate. For one, you will need to put down a significant amount of...
You’re finally ready to take the plunge and put in an offer on your dream house. You found something that is perfect for you and your family’s needs and you’re willing to pay the asking price. It’s a sure thing, right? Not so fast. A seller’s market means that there are more buyers than there are homes available for sale. It may mean that your full-price offer just isn’t going to cut it....
All investors (whether they invest in property or other forms of investment) are looking for the same thing: profit. When it comes to investing in rental property, you make profits by having a good ROI. However, one of the reasons beginner real estate investors lose money is because they chase after unrealistic rates of return on investment. This begs the question – what is a good ROI for rental...
A couple we know is currently going through the home buying process. Over the weekend we were talking about bidding wars and whether or not you can believe the “Oh there’s lot’s of interest” and “We’ve just received a higher offer” phone calls and comments from the seller’s agent. At first glance, it seems that real estate agents would lie about offers because it makes them more money. But...
THE property market can be a delicate balancing act. In a booming property market, the scales tend to fall in favour of the seller. THE property market can be a delicate balancing act. The seller wants to get the highest sale price while the buyer wants to get the most competitive purchase price. And in a booming property market, the scales tend to fall in favour of the seller. As a...
The 50 percent rule is one way to estimate what the expenses will be on rental properties. The 50 percent rule states that the expenses on a rental property will be 50 percent of the rents. The 50 percent rule does not account for any mortgage expenses. One of the biggest mistakes new rental property owners make is underestimating the expenses on rental properties. This rule is widely used on many...