Canada is a big country. One of the things I have always said when looking at purchasing real estate is to pick your area and pick it for the right reasons. Do I believe there are areas in Canada that are prone to issues or that I might personally have issues with? Absolutely.
Not everywhere in the country is going to offer lukewarm investment opportunities, even during a recession – you just have to dig a little deeper to find them.
There are certainly areas of concern for real estate investing within Canada but everyone has their own reasons for… Continue reading
Success in real estate investing depends on the strength of your team. That’s one thing I will always talk about because you need to build your power team and ensure you have the right people on it. Like any business and industry, you are only as strong as your weakest link so choosing a core team of professionals is an essential part of the foundation of your success in real estate.
Due Diligence Must Be Done Professionally
One of the people you need in your real estate investing power team is a good property/building inspector. It’s so vital to… Continue reading
In my last article I discussed and did a book review on real estate investing by Peter Kinch called The Canadian Real Estate Action Plan: Proven Investment Strategies To Kickstart & Build Your Portfolio but we did not discuss one of the key strategies discussed in the book called the 3-action phases.
Each phase covers a different phase of a real estate investing cycle Kinch promotes in the book. I personally agree with many of his philosophies and ideas and this one definitely condenses a general outlook that’s digestible for new and seasoned real estate investors alike.
Phase One:… Continue reading
This week I wanted to highlight a great book on real estate investing called The Canadian Real Estate Action Plan: Proven Investment Strategies To Kickstart & Build Your Portfolio by Peter Kinch.
One of the reasons I read these books is to increase my knowledge of what other people are reading and expose myself to other trains of thought to help me inspire my clients, (and myself), to be better with their own investments.
The book is perfectly titled because it’s a step-by-step plan on how to really move yourself into real estate investing. I’ve written many articles in… Continue reading
- How you’re getting into it
- Being in it
- How you’re getting out
When you really look at it, there are only those three phases (mentioned above) in any real estate project and mistakes can be made throughout each one of those phases. You have to make sure that you’re committed to your real estate investment throughout all phases otherwise it could fail.
Real Estate Investing Mistakes You Need To Avoid
1. Buying It… Continue reading
First off, I have to say that I am not being paid by or am I affiliated in any way with the Canadian Real Estate Wealth Magazine. I legitimately believe in the strength of this publication as a knowledge resource for the greater real estate investing community in Canada. Now that I’ve gotten that out of the way…
This weekend I read the latest edition of the Canadian Real Estate Wealth Magazine and I like to reference this magazine a lot in my blog because I do believe it’s an important publication for people who are in involved in real… Continue reading
As a business advisor, I frequently get asked what people need when they aspire to get into real estate investing and where they can get more knowledge on the business. My first question when I get asked that is, “Do you currently subscribe to the Canadian Real Estate Wealth Magazine?” If the answer is no, I tell them that is the first place they should start.
The Canadian Real Estate Wealth Magazine
The Canadian Real Estate Wealth Magazine is an extremely well written publication for people that want to get into real estate investing in Canada. Whenever a new… Continue reading
With all the great deals we are being inundated with coming from the United States, the pressure is on to figure out the best real estate investment strategies while the deals last. Ken Davidson, local Kelowna accountant, gives his insights on assessing the quality of a “great deal” in real estate.
We have all seen and heard about the great deals coming from south of the border but is buying that property really what you want to do?
Whatever you do, you always have to make sure that it’s still a good business decision on your behalf. I have… Continue reading
Once the real estate bug bites you, it’s tough not to start considering great prospects for new real estate investments. The common issue I see with most people is the trouble with knowing when you are overextending yourself and taking on too much risk. When you are using leverage, it’s often for the possibility of a high return on investment but you must be careful.
Understanding Your… Continue reading
The key to a successful business growth strategy greatly depends on your patience and discipline. Most entrepreneurs are driven, ambitious and prepared to take on the world in the midst of building their startup. Setting your goals high is important, but sometimes we all tend to get ahead of ourselves and forget to lay the foundation for steady, healthy growth. Building a multi-million dollar empire is a great goal but make sure you have it planned out every step of the way.
1. Why are you in business?
It’s one thing to decide to go into business but you must… Continue reading