Quick Contact
- Team Jordan
- Royal LePage (Huronia)
- Email
the Team
- Phone: (705) 526 9770
- Fax: (705) 526-7289
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Investment Real Estate
How Lorraine will help you make the right choice
Investing in Commercial, Residential or Acreage Real Estate
Whether you are investing in a piece of land,
a waterfront property, a commercial venture or a rental property,
Lorraine and her Team have the experience
and knowledge of the area and market to help to find the right
fit.
Investing in real estate is a great way to put your money to work
for you. Let us get to work finding the right investment property
for your budget and preferences.
Contact us for investment opportunities
currently offered.
- Investment Tips
- 1) Make use of your education
Start in a market you know. Whether you focus on starter Homes,
fixer-uppers, low-down payment properties, condos, farms, waterfront property or small apartment buildings
you will benefit from specializing in one portion of real estate investment.
- 2) Know your leaseholder
If the last rent increase was recent your tenants may be
considering a move. Make every lease for at least a year's term.
- 3) Know the Costs at the beginning
Know the financial statements of the investment property you are considering.
Do you know the total operating expenses, loan payments, vacancy costs, taxes? Do you know what the cash flow statement indicates? In order to
make a sound investment choice you will need to have accurate answers to these questions.
- 4) Validate Service Costs
Ask the local utilities to verify recent utility expenses, as they may be included in your
tenant's rent.
- 5) Taxes
Taxes can often make the difference between a positive cash flow and a negative one. It may be a
good idea to consult a tax advisor.
- 6) Consult Your Accountant
Taxation is a key element of successful real estate investing so be sure to find an accountant
who is well-versed in taxation law and details.
- 7) Tax Laws Change
Don't base your tax investment on current tax laws. A good investment is a good investment regardless of the tax
code. The right property with the right total carrying costs is what you are looking for.
- 8) Study Insurance Exposure
If the seller's insurance is based on lower-than-current
replacement value, your insurance cost may be higher based on your purchase price. Remember to always seek the
help of your Realtor. She will always know the right people to consult to get the right answers.
- 9) Evaluate Property Values and Rents
The best gauge of a property's value is often the current sale prices of nearby properties.
The same hold true for local area rents. A low price can often be justified by a lower rent; renters who can afford
a high rent can afford to buy instead. Reasonably priced rent is a requirement.
- 10) Do an Inspection
Hiring professional inspectors to examine the structural and mechanical system is a good investment.
Make sure that you at least perform a personal inspection of the property before making a purchase.
- Contact us for investment opportunities
currently offered.
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