Discover what a broker is and how it can help you invest in real estate.
Investing in local real estate is a relatively comfortable way to get started in the real estate investment market. However, depending on where you live, the potential to build strong, cash-flowing portfolios may be limited by the property values and real estate near you – or maybe you have dreams of investing in cities like Toronto or Vancouver from the comfort of home. This is where long distance real estate investing comes into play.
The cost of living in Canada today has grown rapidly over the last few years, edging many Canadians out of their affordable rental options and into more expensive properties that are harder to manage. This has created problems for renters and investors alike as more and more people struggle to qualify for rentals. So, to combat this issue, people are turning to rental guarantors for assistance.
Housing affordability and rental rates are constantly dominating the headlines with concerns about the average Canadian’s ability to afford a place to live. We are living in a time where average market rents have risen and mortgage rates are slowly climbing. However, this is not a worst-case scenario.
The real estate market is constantly shifting and evolving year-round as supply, demand and borrowing costs constantly change in order to create a sustainable balance that is good for the economy. This means, that sometimes mortgage rates are going to rise and lending costs are going to spike.
So, what exactly is leveraging real estate and how can it help investors succeed and build meaningful investments that will help them grow their portfolio? Let’s take a look.
Recessions can easily cause serious harm to your investment portfolio if you are not prepared for them or if you allow yourself to make unnecessary mistakes while trying to ride through the storm. However, that is not a reason for you to become scared. In fact, it should fill you with a resolve to learn and grow so that if a recession does hit, you are well prepared to weather the market and come out on the other side even stronger than before.
This snowball effect is the basis of building investments that are going to stand the test of time quickly and efficiently – but how exactly does it work?
However, if furnished rentals were a sure-fire way to create hot rental properties, surely more investors would take the time to furnish and decorate their rentals before putting them on the market.
The greatest investors in the world did not get where they are by simply coasting through life and waiting for their assets to pay off. Instead, they found their place in the world by learning to identify key opportunities and jumping on them when they had the chance by building their investor mindsets.