Things To Consider Before Becoming a Real Estate Investor - Part Four

Welcome to the fourth and final installment of our series!


 

Last week, we tackled big questions such as, “Is it more profitable to manage a property  on your own, or hire a property manager?”, and, “In your opinion, what is the most  sound type of real estate investment? Eg. Flip, buy-hold-rent, etc.).



This week, I only have one question left, because it’s a great summary of points I’ve  tried to weave throughout all my answers to these excellent questions.


 

7. What are your top 5 real estate investing tips?

i. Your real estate investment business plan should always focus on real estate in  fundamentally good communities. Look for population growth, higher than average  family incomes and expanding transportation routes. These communities hold their  value well and will often appreciate strongly.



ii. After you've found a good community then find a solid property. An attractive home  will always rent easier and sell faster. You protect yourself by purchasing a good  property in a good community. And starter homes will typically not rise and fall as fast  and hard as high-end luxury real estate.



iii. Don't buy a property because it's a "good deal". Buy a property because it is in  demand and will sell or rent quickly.



iv. Your real estate investment business plan should involve surrounding yourself with  an experienced team. The team is more important than the property because they will  steer you around obstacles that you may not even be aware of. Look for real estate  brokers, mortgage brokers, lawyers and accountants with real estate investing  experience and not just real estate experience.



v. Most people create a real estate investment business plan that will overestimate what  they can accomplish in one year and underestimate what they can accomplish in ten.  Keep the big picture in mind and never stop driving towards it! Keep things in  perspective and expect bumps along the way. Utimately, they make you stronger.



I hope you’ve enjoyed this four-part series on “Things To Consider Before Becoming A  Real Estate Investor”. If you feel like I didn’t discuss something that you would like an  answer on, or you’d like to follow up or have me expand on something from any of the blog posts, please feel free to reach out to me at 905-683-7800. I’d love to help you  navigate becoming a possible real estate investor!





 

Thanks for reading today’s BLOG!!!

Brian Kondo
Sales Representative / Team Leader
The Brian Kondo Real Estate Team
Re/Max Hallmark First Group Realty Ltd.
905-683-7800 office
905-426-7484 direct
brian@briankondo.com
www.BrianKondo.com
www.BrianKondoTeam.com

Homesellers - Find Out What Homes in Your Neighbourhood are Selling For! You can receive a FREE computerized printout of ALL recent Home Sales and Current Listings in your neighbourhood.  Click here!

Best Buy Hotlist - You can receive a FREE list of the 10 Best Buys in your
specific price range sent to you at No COST or OBLIGATION.
Click here!

Your Home Sold Guaranteed or I'll Buy It!*  No Gimmicks!  For a Free Special Report that Details my Guaranteed Sale Program, visit: www.BriansGuaranteedSaleProgram.com.

Remember, your referrals change lives!  We donate a portion of our income on every home sale to a great worthy cause like SickKids Hospital.  To find out more visit: www.ReferForSickKids.com.

If you or anyone you know is considering making a move in the next little while, give me a call or pass on my number ... 905-683-7800 (Office) or 905-426-7484 (Direct).

#realestatebusiness #RealEstate #houserentalbusiness #spacerental #realestateinvestment #basicrealestatetips #PropertyInvestment2024