In the world today, you can invest in almost everything which life has to offer. But if you are looking to invest in the future, then Edmonton real estate is one of the best investments you can make! You can enjoy excellent rate of returns, incredible tax advantages and build your wealth.
Here are the top reasons why you should invest in Edmonton real estate.
Provides Better Returns
With Edmonton real estate, you have more control over your investment. Other markets give numerous factors beyond your control that can negatively shock your investments. Your Edmonton property is a definite asset that you can use to capitalize on with numerous revenue streams while enjoying capital appreciation.
We've always advocated homeownership vs renting, but today, we'd like to open our minds and discuss the benefits of rentals. The reality of the situation is, the world economy is down and for some Edmontonians, renting makes financial sense as of the moment.
For landlords or Edmonton real estate investors, this is an opportunity to purchase more Edmonton rental properties to cater to the growing rental market.
Renting in Edmonton real estate is an agreement where a payment is made for the temporary use of a property owned by another. In most cases a person decides to rent an Edmonton property for the advantages it possesses. But what are these advantages?
So here are some advantages when renting an Edmonton property.
If you are new in the Edmonton real estate industry there are some terms that you might have read or heard which is unfamiliar. You probably might have encountered the phrase ‘house flipping’ a few times.
So what is it?
House flipping is the process of buying an Edmonton house and then selling it at a profit within the shortest manageable time--which is the aim of each and every Edmonton real estate investor.
With house flipping in mind, here are some info on how to start flipping Edmonton houses.
In flipping houses, one of the most critical things for success is doing in-depth research on the areas where you will implement your flipping strategy. If you go buying Edmonton properties in an area which you are unsure, most
Here are some money-making recommendations that we at Team Leading Edge hope will get you closer to your financial goals. These are simple, yet proven ways that will guide you to the right path.
Read, absorb and keep to your heart!
1. INVEST IN THE LOCAL MARKET – Not only would this personally benefit you but it will also help improve the economy of this beautiful city. Purchasing properties thousands of miles away will cost you property management fees & travel expenses amongst other things. Being wise means managing an investment property that’s within easy reach and less overhead cost.
2. START WITH A SINGLE BEDROOM PROPERTY – 1 bedroom condo units or apartments is a great investment because it will always be on demand, no matter
CBCNews published an article yesterday entitled: “Edmonton unprepared for coming real-estate crash, author says”. It talked about an Edmonton-based portfolio manager predicting a market crash in the city and recommending that Edmontonians rent rather than own.
This world does not run out of doomsayers, there’s always one in the corner waiting to predict the next end of the world schedule.
Since the talk of the town is on the possible housing crash, we at Team Leading Edge thought of going against the tide and compiled the top errors that Edmontonians should avoid if and when they decide to invest in the real estate industry.
1. DON’T ENTER FOR AMUSEMENT
If you’re investing in the Edmonton real estate industry just for the hell of it, then
Age is just a number. Whether you’re 25, 35 or 45, its never really too late to become an Edmonton real estate investor.
This Tuesday, we rounded up a few good tricks that can help kick start your Edmonton real estate investor career.
SEARCH FOR EXCEPTIONAL PROPERTIES These are the type of real estate that raises your cash flow through a reasonable rate of return.
Don’t fall for those get-rich-quick schemes. There are still Edmontonians who fall for people selling distressed or abandoned properties, telling them that they’ll make a quick profit after they fix and flip the property.
Sadly, it’s not as easy as it sounds. Unless you already have construction experience, this kind of venture might drain your resources.
We are all here in the business of earning/making (more) money and one of the best ways to get it is by being in the Edmonton rental industry. It’s a better alternative than being in the stock, bond and futures market.
There are tons of available rental properties for sale in the Edmonton MLS, you can pick and choose to your hearts desire but a fair warning… like any good investment, it’s not that easy.
We have listed down some tips for you to follow in order to succeed in the business. Read, digest and implement.
1. BUSINESS IS BUSINESS: The moment you decide to have a property rented out, your mindset should automatically treat that property as a business (instead of still clinging to the homeowner state of mind).