Category : 4. Analyze

4. Analyze Blog

You Make Money When You Buy

Successful Real Estate Investors know that they “make money when they buy a property”. They know what it is worth, what they will pay for it, how much expenses are and what the market rents are. They know how they are going to make their money from an investment before they enter into an agreement.

When acquiring Real Estate Investments, you should always be looking for motivated sellers. Motivated sellers are motivated for a number of reasons. Check out my previous post “Create Your Own Motivated Seller” for more information on motivated sellers.

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4. Analyze Blog

3 Mistakes People Make When Buying Real Estate

3 Mistakes People Make When Buying Real Estate

Price

I hear it all the time from people that they want the best price or negotiate the best price. To me price doesn’t really matter. What you really need to be looking for when you are doing an evaluation to be able to purchase a property is the cash flow.  

Do the numbers make sense! What that means is that you want to look at all the expenses: Mortgages, cost of insurance, taxes, maintenance and property management. All those costs associated with owning a rental.

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4. Analyze Blog

Why January 2015 is the Right Time to Invest in Real Estate

Why January 2015 is the Right Time to Invest in Real Estate

Why is it the right time to Invest in Real Estate? This is Canada this is January 15th and the Bank of Canada just dropped their bank rates by 0.25% and its now sitting at .75%. What that means is that banks themselves could follow suit and adjust their own lending rates some are saying they are not going to do anything. Regardless, you have interest of less than 1%. Right now if you have good credit and you want to get a mortgage you can get mortgages in the range of 2.5% its ridiculous how low interest rates are right now.

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4. Analyze Blog

How to Shop for a Real Estate Investment

How to Shop for a Real Estate Investment

Tonight I want to talk about how to shop for your Real Estate Investment. Whether its your 1st one or 3rd or even your 10th one. I think people go about this the wrong way. People think that they have to go with a realtor see a property, walk through the house, and look at it in various. Look through each room and see what is wrong with it or what is good in it. They are looking for good investment and evaluation the property which is the wrong thing to do.

If you are looking for a good investment the first thing you do is make sure it’s a good investment. Ideally what you want to do is look for properties that will cash flow. You will have to look at cash flow of income vs expenses. There are number of tools out there that helps you do this with spreadsheets or software or the gross rent multiplier which is very easy. You are looking for an investment that has the potential to make you money.

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4. Analyze Blog

3 Tips for Fix and Flip Real Estate Investing

3 Tips for Fix and Flip Real Estate Investing

Lets talk about Fix and Flip. You know those properties that you buy that need a bit of work then you sell them for a profit. A lot of people see these opportunities, you see allot of TV shows out there that show you how to do this. Seems to be the thing that people like about real estate. Buy this property that needs a lot of work, Ill put that work in and then ill flip it for a profit. Doesn’t always work out that way, certainly not in the first couple. What happens is that there is unexpected costs.

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4. Analyze Blog

How Much House Can You Afford

How Much House Can You Afford

 

How much house can you afford or really how much can you pay for your investment property.

Now what I am going to talk about is really going to apply for both.

Whether you are buying your first home or a second home or whether you are buying an investment property.

 

What happens when you go to qualify (and this is assuming you are going to get a mortgage).So there are two ways to look at it.

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4. Analyze Blog

What is a Buyers Market and a Sellers Market

What is a Buyers Market and a Sellers Market

Today I want to talk a bit about this thing called Buyers Market and this other thing called Sellers Market.

We will start off with a quick definition.

Buyers Market

Is when a market is good for a Buyer. What that means is that buyers are able to get houses or get properties at good prices.

What influences that is usually because there is a lot of properties on the market, properties aren’t selling so therefore when buyers are looking for properties, they can go out and see all these properties out there and sellers are motivated.

Because sellers are motivated, buyers can get good deals so therefore it’s a buyers market.

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