FIRST TIME REAL ESTATE INVESTMENT TIPS

Real estate investing has produced some of the world’s wealthiest people, so there are plenty of reasons to view property ownership as a money maker.

But like any investment, it’s vital to do research before diving in with your hard earned cash.

Here’s a few starter tips…

DON’T BUY A FIXER UPPER - It’s tempting to look for a house that you can get at a bargain and flip it into a rental property. But in that case, you’re likely to pay a lot to renovate. Instead, target houses that needs only minor repairs.

FIND THE RIGHT LOCATION - Look for houses with low property taxes, a good school district, and amenities like parks, malls and restaurants nearby.

GET A LOW COST HOME - The more expensive the home, the higher your ongoing expenses will be. Some experts recommend starting with no more than a $250,000 property.

If you have a question about Barrie Real Estate, or an idea for our next podcast, we’d love to hear it!

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