It seems so simple, doesn’t it? You save up your money and want your money to ‘work for you’ instead of you working for money for a change.
You look at the stock market. Wow, some big drops. Scary. So you look at GIC’s and other safe investments. Small returns, is it even worth it?
Then you take a look at real estate. In the major markets, residential real estate has doubled in price since 2000! You get out your notebook calculator and see if you put 20% down, look at the math and you see the possibility of not only getting appreciation, you can get some nice cash flow. You call your Realtor and they are on board an encourage you to invest in real estate. You meet, you look at properties, you see what you think is a winner and you pull the trigger.
Holy smokes, you are now a landlord!
Now it’s time to find your customers, your clients…your tenants.