Who is Real Estate Investing good for?
Two facts:
- Real Estate Investments are proven assets to help you grow financially. God created limited land square footage available to our disposal. And so whatever piece of land you invest in has the potential to appreciate significantly. If you want your loved ones the opportunity to create and retain generational wealth, then Real Estate Investing is good for you.
- You can leverage Real Estate assets in several ways during your lifetime. If you are a provider type of person, then this is important to you, especially in times of crisis such as when having health concerns and you need peace of mind. When multifamily acquisitions are structured well, you can rely on the asset for what it provides to your family instead of worrying if you cannot manage it well without your presence.
1. Why Multifamily Investing?
The benefits of investing in multifamily versus single family home became clear to me during Covid-19. During crisis such as Covid-19, your resilience and altitude as a landlord is tested heavily. In a single family home, the ratio of liabilities and profits can be 1:1. This is as you only have one source of income from renting a single family home and you are the primarily responsible individual to pay for all of the expenses and liabilities if or when your tenant defaults at any given month. In a multifamily investment, however, you have multiple tenants helping you pay down the mortgage plus all of the expenses of the property investment simultaneously.
2. Where to invest?
Although Canada is beautiful from Coast to Coast, we know how the Real Estate market for each province is unique and somewhat predictable. I find Alberta and Saskatchewan to be two of the provinces with continuous promising migratory growth and land development. This broadens the opportunity for investors to grow their Real Estate Portfolios.
3. Why invest together?
If you invested in one, two, three or more investment properties alone so far, Congratulations! Yet, it is often said that in order to go far, you need to walk and work alongside with other like minded individuals. When working as partnerships in community, we feel empowered and motivated to celebrate win, win situations together! Simultaneously, the Real Estate Investing journey becomes meaningful and enjoyable! In addition, there is the power of developing long lasting relationships which encourages more opportunities to work together as a community. It is only through the trust developed and perseverance through the Real Estate Investing journey that like minded individuals decide to pursue other acquisitions together.
4. When to invest?
It is often said that the best time to invest was yesterday and the second best time to invest is today. Why? Because the Real Estate market vary as often as the circumstances of our current worldviews change. Luckily, if you are willing to take some meditated risks, the opportunity is here.
5. What you could do now?
The one investment we can all take advantage of is financial education. You can call us at your convenience to learn more. Matthew 7:7 says, “Ask, and it will be given to you; seek and you will find; knock and the door will be opened to you”. New International Version (NIV)