History has shown that the wealthy have invested in multiple properties, often being part of the reason they became so wealthy. Why solely invest in the volatile stock market, when you can have cash-flow positive investment properties? Everyone needs a roof over their heads, so there will always be a need for real estate.
Real estate also creates generational wealth transfer. Pass on your properties to your children, which can help make their portfolio grow faster. The Canadian real estate market is exceedingly healthy, and can help future generations of your family... your legacy.
So why are more people not investing in real estate? Fear. We get it. But it needn’t be scary. Is real estate unpredictable? Not really (we aren’t flipping homes here, folks). The stock market is, by contrast, highly unpredictable. And yet so many people invest in the stock market with ease. Let’s help remove your fear of real estate.
If you are sitting on money, investing in real estate is very easy. Never sit on cash. Make your money work for you. After all, landlords make money in their sleep!
Don’t have extra savings you feel comfortable parting with for investing? Well, there is another option, and it’s not something to fear. Re-financing. Yes, I said it. Honestly though, it doesn’t mean financial hardship. Your current mortgage doesn’t need to be paid off or almost paid off. Re-financing is always within your financial means, as you wouldn’t get approved otherwise. Leverage your equity and reallocate your net worth to make a bigger portfolio. Let’s give you an example: current mortgage payment is $2,000 per month. Refinance to now have 2 properties for same monthly payment of $2,000.
Real estate grows in value faster than you will earn interest from a savings account at your bank. Invest now and build your wealth. We are Toronto real estate service specialists. Why would you not use a specialist for such a big investment? Start now, start small, and stay patient. The first investment property is always the hardest, but then you’ll realize just how easy it can be. We can provide you with some real estate secrets to make the process fun. Remember, landlords make money in their sleep.
MAC Real Estate Services can help you build your real estate investment portfolio. Call us today to discuss some exciting condos for sale in Toronto, and buying Toronto real estate: 416-222-0025.