What do you think of…..

Cathy Malave
I bring my passion for puzzles to my role as a Mortgage Agent. I love being creative and my "outside of the box" thinking allows me to find options that truly work. I am also a wife and mom of 3 awesome kids. Life is busy.....and so blessed!

Nov 03,2016

What do you think of when you hear or see the words “investing in real esate”?

People often default to the idea of being a landlord.  Though this is definitely an option, there are a number other choices for those who don’t fancy getting the 4:00 AM phone call for a lightbulb that needs to be changed.

Maybe you are you a DIY’er.  Or have an interest in taking things apart and re-doing them. Or maybe you just love real estate and designing or decorating interiors.  If so, then perhaps buying those properties that are “well loved” or “needing a bit of TLC” would be your investing opportunity.  Purchasing a property that needs work, fixing it up – whether large or small renovations – and then quickly re-selling it at a profit could be your definition of investing.

Perhaps you enjoy the thrill of a renovations but are also quite happy being a landlord.  Then the TLC property mentioned above could still be a good opportunity for you.  You can purchase it, indulge your love of renovation and/or design and then rent it out to regular tennants.

What if you are a helping individual?  The one that is always giving back.  Then maybe  rent-to-own is your investing opportunity.  Rent-to-Own means you purchase the house that your tenant has picked and which they will potentially buy from you in 2 or 3 years.  Rent-to-Own tenants often simply need time in order to be able to purchase on their own.  They need a helping hand in order to be able to move forward. 

If you don’t have the time or the energy to be researching properties, looking for tenants, doing maintenance on your buildings etc, then maybe your definition of investing in real estate is being the banker.  If you have equity tied up in your principal residence, or you have RRSP’s, LIRA’s  or TFSA’s that you are hoping aren’t losing you money, then being a banker may be your opportunity.

Looking at who you are and what you find interesting may lead you to determining your path for investing in real estate.  At the end of day, it is all about options….and finding the one that’s right for you.

Other articles by this author