Real Estate as an Investment: Think Outside the Commercial [Big] Box.

Do you ever find yourself wondering how to grow your investment portfolio and protect your sanity at the same time? If you’re like me, the idea of watching the stock market stresses you out before you even get started, and putting all of your hard earned retirement savings into ‘untouchable’ mutual funds and RRSP’s gives you a rash.  Where is the happy medium?

While not all real estate investments are a sure bet, and they certainly require more attention than the mutual funds mentioned above, real estate continues to follow one of the most predictable cycles out there. As with most investments, if you’re willing to hold onto it for a while, it will appreciate. The beauty of investing in real estate is that you control it. Barring any life-altering events, it’s up to you how much money goes into the property and how much income is pulled out. You alone decide when to buy and when to sell.

Canadian Real Estate Association Residential Sales Activity 2011-2016

Where Do I Start?

Start with what you love. Are you an entrepreneur? Maybe you need a location for your start-up or home based business. Consider investing in a property that allows you to live and work in the same location, which will help you control your overhead expenses and build equity in your own property. Are you an extremely hospitable person with a knack for making perfect strangers feel right at home? Consider the income potential in a vacation rental or bed and breakfast property.  Perhaps you have a tidy furnished home that would suit as a short-term rental for a family who’s building or for someone who’s in town for a limited time on a work contract. Are you a contractor? Consider purchasing a home in need of some TLC and release it back into the marketplace after you’ve breathed new life into it.

Nope. I’m a Traditionalist.

Beyond building equity in your own property, the most popular real estate investment remains multi-family residential rentals. From duplexes to skyscrapers with hundreds of tenants, the possibilities are only limited by your budget and the amount of time you have to devote to managing your investment. Commercial/industrial real estate might also be a great long term investment for you if you are looking for less work and fewer, but longer term, tenants. Raw or developed land is also a solid investment if you have the capital available and are willing to wait for a return on your investment.

You might be surprised to learn about both the traditional and out-of-the-box residential and commercial investment opportunities that are available in Belleville, Hastings, Prince Edward County and the Bay of Quinte region. This post only just scratches the surface, so I hope you’ll take the time to contact me when you’re ready to make a move.

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