Top 4 Best Strategies for Real Estate Investing

By Dylan Suitor

My true passion is to create generational wealth; generational wealth for my family, my future family, for my friends and of course for our clients. Whether you are a first-time or seasoned investor, looking for single family investments, duplexes, tri-plexes etc, multi-family investing, student rentals, vacation homes or a rent to own. I can assist you in getting started and teach and guide you on how to grow your own portfolio. I have focussed much of my attention over the last few years really understanding the process involved, in order to best serve you, our client.

Over the years, real estate investments, whether planned or not, have created wealth for many, often surpassing their annual income. With the market constantly changing, positioning yourself strategically can help you achieve your financial goals faster. Here are four real estate investment strategies you can explore:

1. Long-term buy and hold. This approach involves buying a property and holding it for an extended period. You can lock in a favorable interest rate for five years before renewing it and keeping it for another five years until you decide to sell based on your goals.

2. Quick fix and flip. Based on its name, you buy a property needing renovation, spend some money for repairs and upgrades, and then sell it after the repair value. This usually provides a short-term cash boost.

3. Short-term and long-term rentals. Short-term rentals have gained popularity recently, but you should be aware of your city’s regulations to ensure compliance. Before renting your property, consider your financial capabilities and ability to manage the property.

4. Private loans. This is a way to diversify your portfolio without buying real estate. You can operate as a bank, lending at higher interest rates than traditional banks. Assuming the current bank rate is 5%, you can lend at 10%. This gives higher returns while assisting someone unable to qualify for a loan through a bank due to their credit scores or unique situations.

If you’d like to learn more about investing and growing your money through real estate, contact us at (289) 769-8998 or info@ElevationRealty.ca. We’ll do a free information session and discovery call to build a customized plan for you and your family.