Why invest in Real Estate?
Historically Real Estate has always been a solid investment with solid returns. Â Even in today’s economy you just can’t go wrong with real estate. In fact, you can get some of the best deals.
Real estate remains a good choice for investing and should be included in any well diversified investment portfolio.Â In fact, 60% of the Forbes 400 made or maintained their wealth though real estate investing.Â You can choose to be a landlord purchasing local properties and become a virtual tycoon over time, using a property management company.Â You can choose to purchase only one or maybe two rental properties, keeping it small and turning them over every couple of years.Â You can choose to invest in international real estate projects, domestic projects or pre-construction projects.
It is becoming more and more popular to invest in pre-construction projects with a solid projected return.Â This type of investing allows you to invest for the duration of the project and then get out and flip your money into something else, perhaps another, similar project.Â Some projects are a purchase in pre-construction, some are a straight investment of money, often in a secured 2nd mortgage.
All in all, you have many choices.Â But whichever route you choose, the key is having the capital to invest in the first place.Â That is often the stumbling block for those wanting to break into the real estate investing arena.
Omega Financial Services is aligned with a Toronto-based company called Unique Cashflow Strategies to offer real estate projects that are RRSP/RESP eligible, giving more people the opportunity to invest with money they already have in their RRSP/RESPs through a simple transfer, without penalty, providing an opportunity for solid returns that are all too often lacking in these types of investments.