Wednesday, November 3, 2010

7 Rules for Successful Real Estate Investing

1. Invest for the long term. Real estate cycles last 5 to 7 years on average. Make your purchase with that in mind.

2. Invest in growth areas. A good resource for growth forecast in Urban Futures Institute. Their website is

3. Look for game changers like new highways, bridges, and airport expansions. These are game changers over the long term.

4. Buy in communities that have a degree-granting university. This ensures a steady demand for rentals.

5. Buy secure cash flow properties. Houses with secondary suites, duplexes, fourplexes, 2+ bedroom apartments near the university.

6. Consider resort communities. Remember 1000 baby boomers turned 60 today and that will continue everyday for the next 8 years. They have worked for years and now want to play--golf, skiing, etc.

7. Work with a REALTOR® who knows the area you are interested in and can supply you with new listings as they hit the market. Your REALTOR® can also refer you to a good mortgage broker.

For more information please contact:

Bert Chapman
Office: 6-3185 Via Centrale,
Kelowna, B.C, V1V 2A7
Phone: (250) 765-0570
TollFree: 1-866-765-0579
Fax: (250) 765-0577

1 comment:

arrielle_p said...

Informative post you have shared. Thank you for the reference.

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