Real Estate As An Investment
Real Estate is one of the most timeless methods of investing in the world.
There is a famous quote by Andrew Carnegie that comes to mind, “Ninety percent of all millionaires become so through owning real estate.”
Real estate is a physical commodity that is limited in quantity, and a non-negotiable must-have for people all around the world. Everyone needs a home to live in and businesses require space to operate, therefore, there will always be a demand for real estate.
In addition, there are a number of ways one can turn profit when investing in real estate. For example, some investors may find profits by purchasing homes and renovating them, whilst others purchase pre-sales and sell the contract for a higher price at a profit.
Most notably, however, is the ability to generate what we call consistent cashflow. Cashflow is the bread and butter for building long term, sustainable passive income through real estate. By purchasing investment properties, one can not only pay off their mortgage by renting the property out to other people, but the interest on the property will begin to accumulate over time.
The Vancouver real estate market has proven time and time again to be an incredible long-term investment from an appreciation standpoint alone.
Real Estate As A Retirement Strategy
Owning rental properties is a fantastic retirement strategy! When it comes to retirement, individuals in Canada have a few options. Canadians that fail to plan ahead will rely on the Canadian Pension Plan. Others may receive pension plan payouts from their place of employment. However, the most savvy of individuals will have an additional game plan to put their money to work.
Investing in real estate in Vancouver is one of the best long-term strategies for building incredible, tangible wealth. Over the last thirty years, Vancouver has seen tremendous appreciation with property value, with many homes tripling in price or more.
Additionally, because rent supply is low, rent prices are high enough to cover entire mortgage payments. Once the mortgage is paid off, monthly rent will accumulate as straight cash payouts.
If you have yet to purchase your first home or are looking to make a move, our team is here to assist you in making the process significantly more manageable. From finding the best cashflow properties and deals, to educating on why certain properties are worth the investment, we’d love to get in touch with you and chat about how to get the ball rolling.
It’s never too early to start preparing to build your portfolio!