Investing in real estate is a rewarding endeavour – financially and intellectual, but it can also be full of pitfalls if you don’t approach this type of investing in the right way. Whether you’re a first time investor or a seasoned one, my top successful real estate investing rules will help you get organized, choose the right investment, manage your investment and achieve your investment goals.
Why would I talk to my investors about knowing when to sell an investment property when I’m in the business of finding great properties to purchase for investment?
We come to real estate investment for various reasons. In my experience, investing is usually a means to an end such as creating a desired lifestyle now or at a future time. You’ve already made the decision to invest in residential real estate and now you’re trying to determine which type.
Managing all aspects of your real estate investments should be considered a business and as such should be taken seriously for a number of reasons. A major one is how it is going to be treated for income tax purposes. In the following article I will be going through what I think are the top tax tips for real estate investing.
With almost five years of historically low rates, in July we witnessed yet more mortgage rate changes in Canada that may not be so temporary. There was especially some upward movement in the 5 year fixed rate mortgages. These changes have since leveled off, but this may be the beginning of the end of the historical low interest rate party.
