Strategies for Investing in Kelowna Real EstateThere are various ways of making money; one way is by investing in real est...
Many people renovate real estate and then sell the house which yields very handsome profits.Renovating involves you buying...
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Strategies for investing in kelowna real estate

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There are various ways of making money; one way is by investing in real estate. You can use one or many of these methods to build your wealth with real estate. In this article you will find a few ways that will help build your wealth through real estate.

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Strategies for investing in kelowna real estate

  1. 1. Strategies for Investing in Kelowna Real EstateThere are various ways of making money; one way is by investing in real estate. You can use oneor many of these methods to build your wealth with real estate. In this article you will find a fewways that will help build your wealth through real estate.One of the easiest ways to make money in real estate is to wholesale. Wholesale means findinghouses which are very low in price, putting it under contract and then giving the house to anothercontractor who will repair the house for a big profit. You can make money in the spread betweenwhat the buyer wants and what you negotiate with your retail buyer. This is a great way to put acouple thousand dollars and your pocket very quickly.Another great way to make money is by buying and holding the real estate in Kelowna. This isone of the most popular ways to make money in real estate. This is more of a long-terminvestment. You buy a house at a reasonable price and then rent it out. In this investment strategytenants pay off your mortgage. Most investors like to have some type of cash flow when theyimplement this strategy. Generally $200 - $300 per month in addition to having the mortgagepaid by the renter is acceptable. This method requires good credit.Another method of making money in Kelowna is “Buying off the plan”. This method involves alittle more risk than other methods. This method requires you to buy a piece of property before itis built. You buy on the speculation that it will increase in value by the time it is built. If you doyour research properly, you will be able to save tens of thousands of dollars. If you don’tresearch properly you could lose money and go bankrupt.
  2. 2. Many people renovate real estate and then sell the house which yields very handsome profits.Renovating involves you buying a property at a discounted price, renovating it and selling it to aretail buyer. A real estate agent or a common man can make somewhere $50 - $ 75,000 in asingle deal. But one major drawback with renovation work is that it is very labor and timeintensive. It can take somewhere six months to finish the labor and another six months to sell thehouse. If you do your homework properly, you can make profit handsomely quickly but it takeslot of home work.Important things to remember before investing in real estate • An estimate of monthly rent for the property • An estimate of all the property expensesWith these two bits of information you can calculate how much rent you need to be charging tomake the property worth your while.

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