How My Real Estate Investing FAQ Can Help Save You Headaches!

I know you must have a lot of questions, and this page (The Real Estate Investing FAQ ) will hopefully answer many of the questions that you might have about investing in homes.

On this page, I'm going to go through some of the pro's and con's of Real Estate Investing.

After that, I'm going to give you some helpful tips that I think will answer many of the questions that you might have about Investing in Chilliwack BC Real Estate.

"The Pro's of Investing In Real Estate?"

There are a few obvious benefits of Real estate investing, but also a few that you might not realize right away, so I'm going to state them all in this Real Estate Investing FAQ just to be complete!

• The Obvious benefit of making a ton of money.
• Tax Benefits (For things like Loan Interest, House Depreciation, and Maintenance Costs).
• Long-Term Income (If you decide to buy a property and rent it out for a profit).
• Increased Value of Assets (Even though it's just a business thing to you, you do actually own this house, making you a more powerful and wealthy individual).

"The Con's of Real Estate Investing

• If things go bad, it may take you many months to sell a property, otherwise you might not get a good price on the home.
• No Tenants? You will be responsible for paying the mortgage anyways. (You can learn more about this in my article about Investing in Rental Real Estate)
• Also, if you end up with bad tenants you may have to worry about property damages (From their wild parties) and an endless list of other horrible stuff that can happen (Ever had someone refuse to pay you rent?)
• Too Much Competition can make it difficult for you to find tenants.
• Property Maintenance can also add up, especially on buildings that are older.
• If you happen to tie up all your money in a single house or investment (Because you are just starting) this could mean very bad news for you if the deal goes sour.

"What Is The Best Way To Add Value To My Property When Flipping A House?"

This Real Estate Investing FAQ suggests adding things like...

• Tiling (On the floors).
• New Cabinets.
• Landscaping.
• Add or Remodel A Bathroom (Makes A HUGE difference in the value of your home).
• Remodel The Kitchen (If it's too small, make it bigger!)
• Add a new family room.
• Remodel The Office.
• Add or Enlarge A Garage.
• Finish A Basement (Those unfinished basements are ghastly and killer for property value).
• Add a new air conditioning or heating system.

...can really increase your property value.

"Who Should I Get Advice From?"

One important thing I can mention, is that you want to get advice from people who are actually experienced in investing in Chilliwack BC Real Estate.

I know it sounds dumb for me to say, but seriously, I find that a lot of people just give out advice all the time, and spend less time actually DOING Real estate investment.

So get advice from people you know who are experienced, like close friends who consistently and successfully invest in real estate, as well as Realtor's who do their own Real Estate Investing..

Take a look at my Tips For Education In Real Estate Investing to learn more about selecting a Real Estate Investing Teacher.

"What Is The Difference Between 'Flipping' and 'Investing' In Real Estate?"

A very important question! And one I feel should be answered in this Real Estate Investing FAQ.

Flipping a house is when you buy a house for far below the market value, do some improvements and upgrades on the home, and sell it for a profit.

Investing in a home is much more general, and can apply to buying a home, waiting for it to appreciate in value, and then selling it, buying a home to rent out, or buying a property to lease.

When you are investing, you will find that cash flows towards you, while when you are flipping you will find that cash flows out (To pay for things like mortgage, taxes, improvements etc.) until you sell the home.

For a few more resources to get started in real estate investing, take a look at Straight Up Real Estate Investing.com

Let Me Guide You Through Your Real Estate Investments

It is a difficult task; but it doesn’t have to be!

If you hire me as your Real Estate Agent, I promise to help you get the best deal possible on your investment properties, and will protect you against bad purchases, while still making the process flow smoothly and quickly.

Learn more about why you should hire me as your Real Estate Agent.

My Promise To You I will always give my professional opinion, and help you make the most informed buying decision possible. I will return your calls and emails, and will always show up for appointments. I won't push you into something that you are not 100% comfortable and confident in. I will work diligently to help you sell, or buy your house at the absolute best deal possible. I am a Professional Real Estate Agent and you will receive my undivided attention. Cam Vanklei (604) 795-2955 Chilliwack BC, Canada HomeLife Glenayre Realty Ltd.

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