The 3 Easy Ways to Make Money In Real Estate

July 12, 2010

It's in our face all the time but do we pay attention. Or are we frozen with fear?

 

1. Without a doubt the obvious is simply property appreciation. Whatever the timing is, your property will appreciate over time. Never buy into the fear that the party is over. Owning your home rather than renting is by far the best investment. Whether the market is up or down or sideways, buy property and hold for investment, and move "up"  for a personal home. If you live in it, it's tax free income upon selling. 

2. Buy discounted property. There's a saying..."you make your money at the buying stage". Properties that have a "problem" whether it's owner distress or property distress, there are deals likes in all markets, especially in the coming next 6 months. Solid middle-grade properties don't have to be "steals" to be good buys. Properties that need some TLC usually are excellent deals since most buyers won't consider them. Most buyers are too busy or too lazy to do some fix ups. Buy a property in a great location (cannot change) and improve the product (can change).

3. Rents. EASY MONEY.  In some cases you can have positive cash flow immediately. In some cases it takes time before rents rise and debt gets reduced. SHOP for financing. If the property is located in a good location, you will attract good quality tenants.

Contact me for more info about buying and selling property around Toronto.    


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