These numbers are hardly surprising because most people don’t bother and never set goals in the first place. However, if you want to be successful, be sure to write down your goals and make a plan to achieve them. Remember to refer back to your notes and check on your progress periodically.
Many people I meet tell me they have made the decision to invest some of their wealth in real estate. Which makes sense to me. But then they tell me they do not know where to start. They made this decision many years ago, yet they still do not own more than their principal residence.
Truthfully, it is quite an undertaking, all the choices out there can be confusing not to mention the huge amount of money involved. So what do you do ? You get yourself an expert, a mentor to hold your hand through this process. But like any expert, hire someone who has done this before for him or herself and has a proven track record.
We operate an investment house. Our focus is on helping individuals, families and businesses invest in real estate or in real estate financing, also known as investing in mortgages or private lending.
How do we accomplish this? First we get together and determine your investment profile. What are you comfortable investing in, what is your budget ? what kind of a landlord are you looking to become? These are some of the questions we ask.
Are you looking to be more hands-on or hands off ? Is a pre-construction condo more your thing or perhaps a multiplex with some renovation work ? or perhaps you just want to be a lender and not a landlord yourself?
We then derive at your investment strategy which will be your “Northstar” and guide you through constantly as you invest over the years. For example you may be looking to create passive income for when you retire, or you may prefer positive cash flow from day one. Yes that can be done! Some people want to buy real estate to give to their kids when the time comes.
An investment strategy is the most important thing to have when you go to market. Finally we locate the most suitable property for you and help you purchase it, finance it and even manage it if you like. The full package. We do all this together, always keeping in mind your strategy and your goals which were carefully defined when starting the process.
Wishing you and yours a happy, healthy and prosperous 2019.
Broker of Record, Schichter Realty Inc.
zvi@schichterrealty.ca
647-294-2285