Want to buy an investment property in Surrey, Langley, or White Rock?

May 17, 2012 | By

There is a lot of talk in the market about buying investment properties or homes. While Real Estate has been a fantastic wealth builder for many, results are never guaranteed…

When considering real estate as an investment, consider wisely. As with any investment, there is no guarantee on your return. We all know the market can be volatile, and after the massive amount of foreclosures that happened – mainly in the US – back in 2009, we have collectively witnessed that not all home purchases are going to pay off. Sadly, a lot of these purchases were for home dwellers and not investors, but it opened up a large market for investors once the foreclosures wiped out so many family homes.

Having a backup plan and a well-rounded portfolio of investments, along with your real estate investment is an ideal scenario. We all know the terms “don’t put all your eggs in one basket” …well that overused phrase fits perfectly in this situation. Tying up all your equity into a home in the hopes that you won’t lose, is like placing your entire hand on black …it’s high risk. And yes, the last few years have been kind to investors who got in early, but that is no guarantee of future gains.

Risky Investment, a home or a great opportunity?

Knowledgeable local Realtors can be great “home investment advisors” when it comes to wise real estate choices and what would, or could, or shouldn’t be a real estate investment vs. what should be considered for long-term home dwellers.

Sometimes purchasing a home should be exactly that – a purchase of a home. A place where you rest your head, build memories, and stay put for a good 10-15 years …AFTER which time it might be deemed a good investment and worthy of selling.

Depending on where you live, real estate is becoming increasingly more difficult to purchase as an investment. Depending on if you’re looking to buy in Surrey, Langley or the White Rock areas, a trusted Realtor can advise you on which areas are great as a home purchase location for long-term investments, and which areas will likely pay off as a quick turnaround investment purchase.

If you’re a savvy investor you’ll understand the risks involved, and with a savvy Realtor to back you up – many inherent risks can be minimized. But, always remember that knowing when to be a buyer and when to be a seller comes down to the type of investment you want to make and the risk or loss you’re willing to take.

The need for knowledge

Many Realtors became increasingly educated about the banking system after the economic crash of 2009 and the creation of $0 down mortgages that cost a lot of people their homes. So whether you’re buying or selling, make sure to choose an educated Realtor who you will give you wise counsel on your purchasing decisions, not just a Realtor who can walk you through a house and show you the selling features.

As an educated and experienced Realtor, I’d be thrilled to assist you with making a wise purchasing decision. Give me a call and let me help you best diversify your investment portfolio, and let’s see if and where real estate fits into that picture!

 

Filed in: Buying and Selling Real Estate, Surrey and White Rock

About the Author (Author Profile)

Andrew is a West Coast enthusiast through and through. He is a native of the area that you will often find adventuring on one of the many sea to sky activities that abound in the Fraser Valley. Along with being in love with the place he calls home, Andrew is a well known and respected Realtor focusing on helping others to find their own perfect home in Langley, Surrey, White Rock and beyond! Visit www.yourperfecthomebc.ca to find your perfect home.

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