“Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk.” – Armstrong Williams, entrepreneur
Buying and owning real estate is an investment strategy that can be both satisfying and profitable. For first-time home buyers and prospective real estate investors, this can be a daunting exercise. But with the right tools and professionals by your side, this challenging and seemingly stressful “big step” can be simplified into a smooth and hassle-free process.
To quote the author of this piece in Forbes, “In today’s digital-savvy world, it has never been easier to invest in real estate.
“With syndication groups introducing new and innovative ways to invest in all kinds of property, such as multifamily apartments and the likes, you’ll have plenty of options to choose from in this investment class.”
With that in mind, here’s a quick look at just a few of the processes potential real estate investors need to be mindful of:
- Researching potential investments
- Securing financial support from banks and other financial institutions
- Dealing with numerous legal documents
- Obtaining proper permits and approvals
- Finding the right tenants
- Managing and maintaining the property
According to investment firm Wealthsimple, “It cost just an average of $35,575 to buy a home in the Greater Toronto Area in September of 2000. Nineteen years later, it costs
$843,115 … an increase of almost 140% when factoring in inflation.”
Success in real estate investing requires sustained focus because the asset value of property tends to increase over time, and with a good investment, you can turn a profit when it’s time to sell. That’s why it’s important to surround yourself with a team of investment professionals who understand the market and can apply their expertise to ensure excellence for every transaction you make with your real estate investments.
If you have a keen interest in real estate, becoming the landlord of a rental property is one way to make money as an investor.
It’s worth heeding the advice offered in this Wealthawesome article: “Remember that owning residential real estate can be hard work. It is an active investment, and you will need to be involved in the affairs of your property with a more hands-on approach.”
So, if you have a busy lifestyle and would rather avoid the stress that comes with managing your own property – think late-night phone calls about surprise problems, finding and vetting potential tenants, roommate or tenant disputes, and so much more – then leave this to the experts who have property managers highly skilled in managing the operational side associated with investment property, and watch your capital grow while you enjoy your peace of mind.
There are other benefits that come with this type of investment. In real estate, investors pay fewer taxes. RE/MAX Canada notes, for example, that benefits associated with investing in real estate include “mortgage payments as smaller incremental investments that build big home equity, a tax shelter as your profits are not taxed when you sell your home and home equity that can provide capital to put toward other investments”.
While the capable and skilled team at ARTOL Real Estate Investments can very well teach aspiring investors its principles, philosophies and processes for profitable real estate investing, our business model does not operate like that. The company spends valuable time and energy creating value for our investors by using our skills to source, invest and manage high-quality, income-generating real estate investments that provide high return on investment.
We’ll happily help you build an investment portfolio to be proud of through our reliable, financially conservative and pragmatic real estate approach, with the goal of providing you profitable returns.
If you have a keen interest in residential real estate investment in the Durham region of Ontario, then get in touch with the team at ARTOL Real Estate Investments.