Advice on How to Identify Great Real Estate Investments



Investing in real estate is a good way to create success for you and your family. To get great results, it’s necessary to implement a different mindset. As a real estate investor, you are going to be searching for properties with profit potential over appearances.

 How do I make Money?

To succeed in any goal in life, you must have a plan. Your investment strategy should be the plan you use to reach the goals. I suggest finding a positive cash flow property because this type of investment property will pay for itself over time. This is real estate that you can buy for less than its market value. I suggest you look for properties that are in an area located with higher priced properties. Find properties that offer easy and straightforward renovations that will enhance its value easily.

Here is how you can identify if an investment is profitable:
·        Identify how much gross income the property will deliver
·        Discover what your monthly expenses are. This includes property taxes, property management            fees, insurance, repairs, vacancy costs, and financing costs are
·        Take away your monthly expenses from the monthly rent
·        Estimate the cap rate and the cash on cash return

Investing in a real estate is exciting, however it can also be demanding if you don’t do your homework. I highly recommend that you work with a trustworthy REALTOR® to help you find positive cash flow properties. They have access to all the tools you need to find hidden gems.

 To get more information on the property investing contact Mike Bolger.

Mike Bolger, Sales Rep
Chestnut Park Realty Southwestern Ontario Ltd.
The Shops at Waterloo Town Square
75 King Street South, Unit 50 
Waterloo, ON N2J 1P2
+1 (519) 616-2656 
http://www.mikebolger.ca/

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