Another great week begins, one more and its September already! Woohoo! We hope you’re as excited as we are. A lot of exciting things have happened this past week (lots of Edmonton buyers and sellers!) and were expecting to more in the succeeding weeks.
Note: Remember, you can access all our available Homes For Sale in Edmonton through our Edmonton MLS Listings page.
Okay, today, we thought of sharing a few things to ponder for all our Edmonton Real Estate Investors. Talk on the street is that the city (or the whole province for that matter) will be experiencing a recession in 2016. Sure, sure. But unlike our neighbors, Edmonton is in better shape to get pass through this hurdle.
Investing in real estate is one of the best ways to offset the risk of losing value on your hard-earned dollar.
Ponder and remember these things and you’ll have the knowledge to move towards financial security.
DEVELOPMENT OF KNOWLEDGE IS CRITICAL. As many veteran Edmonton real estate investors know, there are a vast array of serious things to learn and remember if you really want to have profitable returns in real estate investment, it’s not just as simple as buying and selling.
Market intelligence is key. To become truly successful, one must have the ability and expertise to be a aware of the perfect deals that’s available on the market, how to renovate homes and manage rental properties and sell to generate excellent profits
THE PARETO PRINCIPLE. Wikipedia defines this as, “The Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.”
In real estate, investors apply this simply by analyzing the rental properties available on the Edmonton MLS and purchasing only those at the top 20%.
SYSTEMATIC INVESTING. You should develop your own system of how to choose and purchase investment properties. This a crucial point to ponder because once you have a working system, you can easily replicate your success-infinitely.
Consider developing a solid system for finding locations, mode of purchasing, renovating, managing rentals and selling.
Once you have these things in place, you’ll have a relatively high chance of becoming truly successful in real estate investing, not just in Edmonton, but wherever you would please.
As an ending note, Team Leading Edge, recognized as one of Edmonton’s most reliable real estate specialists, with its years of experience and proven track record, can competently help you locate and sell the best investment properties available on the Edmonton real estate market.
Call Team Leading Edge today to get started 780-634-8151.
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