RE Investing

So You Want to Own Properties...

We have all seen them - the infomercial - buy homes with no money down and make a gazillion dollars on flips in two months.

The endless DIY shows now on TV don't make things any easier when trying to decipher reality from fiction or fantasy.

The reality is that investing in real estate can be demanding but probably has the best long term outcome for people with patience and a plan.

In a society of downloading responsibilities for most Canadians the days of good pensions and secure income for life are all but gone. So that leaves your retirement and quality of life in your golden years up to you. If you are not aware do a little research and find out how much one gets for CPP, Old Age Security and the like - you will be shocked; and hence motivated to take your retirement planning into your own hands.

1. Have a Plan

As with other sections on our site we cannot stress enough the importance of planning. We use a 10-10-10 strategy which would be best explained in a consultation with us but there are other tried and tested successful plans.

2. Have Patience

Any retirement plan is a long run proposition. This is not a couple of years exercise but a couple of decades. Having your plan will help you in this aspect and will also allow you to stay focused on the bigger picture.

3. Surround Yourself With Experts

When building an investment portfolio of any sort you need to surround yourself with experts. But not just any experts! You will require to work with people that see you as the center of the plan and not their own business. Your experts can't work in isolation of the other experts in your service. Everyone has to be on the same page doing what is in your best interest according to your plan. From your realtor team to your accountant to your lawyer - everyone is supporting you with a holistic approach.

4. Cashflows

At the end of the day investing is about cashflows. Both short term while you are investing and long-term when you start drawing cash on your investments. Keep in mind you will have other expenses during the investing period such as children's university tuition or parental care.

Our team has investment specialists to sit down and help you plan.