2. LEVERAGE (The second profit center of Real Estate)
  
Welcome Back!
7 PROFIT CENTERS OF REAL ESTATE
Are you ready for your next lesson on Leverage?
Please Click the following links to start learning.
Click the following links and explore!
Overview: http://properdys.com/2016/06/29/hello-world/
1. Equity Day One: http://properdys.com/2016/06/29/1-equity-day-one/
2. Leverage: http://properdys.com/2016/07/30/module-2-leverage/
PS. Every Real Estate deal is different and we recommend to always have legal council to safeguard every deal.
Investment Properties - Wealth Creators!
1016 King St E
122 Cameron Ave S
155 Chatham St
15 Westinghouse
167-169 Sherman Ave
16 Wentworth
171 Bay St S
177 Markland St
182 Ottawa St N
195 Balmoral Ave N
202 Belmont Ave
204 Wilson
210 Wilson St
212 Wilson St
232 Ottawa Street S
254 Dundurn St S
263 Emerson St
2 Balsam Ave S
4223 Terrace Ave
524-526 Upper James
55 Wellington St S
561-563 King St E
663 Barton E
737 Barton E
With multi-family properties you can begin to create wealth with real estate.
You have to buy correctly though or you may end up with a "lemon" or worse yet ... with a property that is not generating income.
The whole idea is to create passive income, not a headache!
I can show you how to generate this wealth yourself, or call me if you do not want to deal with the "Tenants and Toilets".
Norma Doucet
604-700-1855 properdys.com
The above properties have not been evaluated for cashflow potential! They are simply an example of where to start. You might find one property out of 100, that actually hits all the markers, to make it worthwhile for you to invest in.
Owning vs. Renting
It's all about timing
There are many pros and cons to both owning a home and renting a home and this is especially a pressing issue in the case of Vancourites with rising housing (and living) costs.
Not that's it's ever a bad idea to buy, but if buying causes you to be strapped for cash and puts you in jeopardy of walking a very fine line every month with regards to paying basic bills, then it might not be the right time.
The most important thing is to sit down with your advisor and look at the overall picture - see how much you have, how much you can save, and how much you can afford to put aside for not only a downpayment, but also the monthly mortgage, property tax and possibly strata fees that come with being a home owner. When you have a written financial plan created with specific goals in mind, you'll find that you achieve them not only much quicker, but also with less stress.
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