Investment properties on the brain? Here are 3 mistakes to steer clear of:
1. Not running the numbers first: Always, always do a cash flow calculation first to determine the ROI you can get from the property.
2. Not working with a real estate agent: Don’t underestimate the work that goes into a real estate deal! Take advantage of the support and expertise an experienced agent can provide.
3. Glossing over maintenance costs: You’ll need to set aside at least 2-3% of the property value every year to account for repairs and maintenance needs.
If you’re looking to dive into real estate investing, let’s chat! I would love to help you reach your goals.
Cindy Grenier, Realtor
204-330-2567
Selling Winnipeg, Steinbach, Niverville and areas since 2008. Services en Français.
Need a new house? Buy or sell a home with Cindy.
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