Make Investing a Treat with These Tips
Fall is in full swing, which means it’s time for football, crunchy leaves, and the best apple cider you can get your hands on.
October is also Halloween time, which can be both sweet and scary. Real estate investing is much like Halloween: it can certainly be a little frightening, but you learn quickly all the treats that are in store!
This month, choose “treat” (not trick) when investing in real estate.
Here are some important tips to help you take the scare out of real estate investing:
Choose the Right Strategy
There are several ways to be involved in real estate investing, and it’s crucial to choose the strategy that best suits your lifestyle and goals. Each strategy has unique implications that you must consider before investing. When deciding between strategies, you’ll need to determine your ultimate goal and what responsibilities you are ready to take on. For example, you could purchase a real estate property and collect a stream of income from the tenants. You may also opt to be heavily involved in the management of your property and in interacting with your tenants.
Learn the Market
Learn about the market for your chosen strategy. Some markets may better suit flipping a property, while others will be ideal for rental properties. Location is key for real estate investing, and you must be ready to chart out your target market thoroughly.
If you’re not careful, the risks of real estate investing can turn into tricks you just weren’t ready for this scary season. Understanding risk factors ahead of time will help you anticipate and prepare for them. Learn about the risk factors of different investments, and determine your level of risk, and real estate won’t feel like such a bump in the night.
Know Your End Game
Knowing your end goal from the beginning will help you strategize accordingly. Based on your goal, you can set up your investment the smartest way possible, and plan how to handle any risk factors that come up. Your exit strategy is part of your end game. For example, if you aim to renovate a property, you must have a detailed plan outlining what you need to accomplish––from start to finish.
Just like a moonlit Halloween night, investing can be scary, but it can also be full of sweet treats. This season, take the time to plan out your investment strategy, market, risks, and end game. When you take the time to plan out your investment ahead of time, you can take out much of the scare.
Happy Fall and happy investing!
Dave and Carina
About Dave and Carina
Dave and Carina are real estate investors. They have been actively involved in the Ottawa area real estate investing for a number of years. Their mission is to provide quality housing for quality tenants, while at the same time providing an above average return on investment (R.O.I) for our investor partners and themselves. It is truly a win-win-win way of investing!
Dave and Carina offer their investor partners hands-free investment opportunities. If you are interested to learn how to earn an above-average return on your investment, backed by a solid asset, and without a hassle of being a landlord, please contact Dave and Carina.
For more information about Dave and Carina and their investment program, please call (613) 858-7143. or visit https://daveandcarina.com