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3 Tips for Making Money in Real Estate

3 Tips for Making Money in Real Estate

Real Estate can be scary but it doesn’t have to be.

Finding a way to get into Real Estate and the market is the key. Once you are in the marketthings become a little bit more clearer and lessfrightening. Really what you need to do is finda great Realtor (me) and start moving towards your goals. Until then do some research andget to understand what to look for.

Pre-sales – What’s nice about pre-sales is that you get to buy a property in today’s dollars but get to move in down the road. That’s when the money starts to happen. Of course you need to be able to afford the down payment. Then you can purchase a pre-sale and sit on it as it appreciates. In this market it should grow as the months go on and is still being finished. Maybe you want to assign the contract down the road before it is even finished. Odds are you will be making some money in that time.

Read my previous blog on Pre-Sales here. 

Area – knowing the area you are considering is key. When you understand the growth that’s about to happen you can find some gems out there. Ones that can make you some money. So imagine this, you buy a property near an area that’s going to be growing. You see that the growth has no choice but to come your way. There may be a good chance that a developer will come knocking on your door. They may want to buy your place or complex in the thought of building a tower on it.

Think about looking in areas that are adding more transportation like the skytrain. Also consider a property close to schools, hospitals and shopping. This is where city planners need to consider adding homes and where developments start.

Think Outside The Box – So in this market it obvious that Vancouver is going crazy. So why not think outside the box meaning look in the suburbs. Like the Tri-cities or Abbotsford. Find that 2 bedroom that allows pets and rentals. Find a place close to transportation, school, college, hospitals, or senior homes.

You will be able to buy for low and rent for high. Your tenants will pay off the mortgage. You only need to invest your down payment of 20%. Your property will appreciate in value and odds are you’ll be making a positive cash flow from your rent.

These are just some tips and ideas to help you make an educated decision along the way. Remember to always do your research but if you want some help. I’m only a text, call or email away.

Contact me here.

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3 Life Lessons That Will Change Your Life

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5 Reasons to Own Your Home

5 Reasons to Own Your Home…What Are You Doing and Why?!

It feels weird to me when I hear so much talk about how high rents are in the city. It feels so weird to me when I hear people say they will never be able to own. As I have grown up in this great city of Vancouver, there has been this shift in the minds of many that owning is impossible. That renting is acceptable.

“This is the way of life now they say.”

Let’s take a closer look at reasons to OWN YOUR HOME.

5 Reasons to Own Your Home

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Top 4 Neighbourhoods in White Rock & South Surrey

Top 4 Neighbourhoods in White Rock & South Surrey

White Rock & South Surrey are well-known for its seaside lifestyle. Laid back and ready for a great cabin like life, this is the city for you. Only 45 minutes from downtown Vancouver, yet still far enough away to feel like a retreat. Here are some of the great neighbourhoods to check out when considering buying in White Rock & South Surrey

Crescent Beach

This is the best beach in South Surrey. Far better than the busier White Rock Beach. The beachfront has a walking path and some amazing unique homes. Very quiet and relaxing during the off-season portion of the year. It is of course a busy hotspot during the summer but a great place to call home. As should these seaside communities, this is dog friendly too.

People have said that they love having this beauty just a walking distance from their home. It has a small community feel where people take the time to say hello….you dont get that anymore. Living near crescent beach affords nature enthusiasts plenty of opportunities to get out and enjoy beautiful ocean views and outdoor fun.

This area honestly feels like a vacation spot, yet is an amazing place to call home.

This is the average cost of condo’s in this area. CLICK HERE

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