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3 Ways to make money in Real Estate

1). To Buy and Hold is the most popular investment strategy for residential real estate. You can buy a property and wait until it appreciates, or you could rent it out to tenants.

You can also live in the property and rent out rooms in your house (a great way to collect extra money for the mortgage payment), or if you own a multi-family home, you can live in one unit and rent out the others.

When you rent out a property to tenants, you’ll become the landlord of the property. You’ll have several landlord obligations to fulfill, including hiring contractors to do maintenance tasks when needed.

If you’re only trying to develop a passive income, you might opt to hire a property management company to manage your properties. Most property management companies will charge between 8-10% of your monthly rental income, but they’re a godsend for investors who are too busy to handle landlord duties or screen new tenants.

2). House Flipping has become one of the most exciting types of real estate investments—hence the large number of HGTV shows dedicated to them.

Fix-to-flip investment is when you purchase a run-down or low-valued property.  You renovate quickly, and then you sell it for a profit.

You can generate significant returns with a successful house flip, but they’re challenging and not always suitable for beginning investors. You need to have a good sense of how much renovations will cost (the higher the renovation cost, the lower your profit margin) and how much those renovations will affect the home value.

3). Vacation rentals are more popular than ever, thanks to websites like Airbnb & VRBO. These properties can be tremendously lucrative investments, even when you’ve accounted for cleaning costs and website commissions.

It’s important to know that short-term rentals are being increasingly regulated, primarily due to the escalating housing crisis.  Many provinces and local governments are apprehensive about properties being held as vacation rentals, rather than being used for long-term housing.

Please contact me with any Real Estate investment opportunities that you are interested in.  I would love to be of assistance to help you reach your real estate goals.

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How Buying a Home Works
Buying a Home  
  1. Figure out what you can afford. ...
  2. Save for your down payment (if applicable). ... 5% down for qualifying first time home Buyers (CMHC first-time home Buyers' incentive).
  3. Understand your mortgage and all grants, & rebates available to you...
  4. Get a mortgage pre-approval. ...
  5. Find a real estate agent. ...
  6. Start your home search! ...
  7. Understand your eligibility to purchase.

PLEASE reach out for more detailed information on best practices for getting started!

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Great Communites to Live, Grandview and Morgan Crossing, South Surrey

                                                           Grandview & Morgan Crossing 


Desirable Urban Style Communities

The best of  South Surrey White Rock lifestyle is all here.  From beaches to several fitness studio's, Gyms, many hiking & biking trails, New Acquatic Centre, New Schools, many Restaurants, outlet stores and shops, Golf Courses are ALL here for families and singles in Grandview Heights & Morgan Crossing to experience.  All right at your doorstep.

Grandview & Morgan crossing is formerly a largely agricultural area that has witnessed a remarkable transformation in the past 15 years.

Location

Close to Hwy 99, which provides easy access to Vancouver,  approx. 45 minute drive.  Only 5 minutes to the US border crossing and 10 minutes to either White Rock or Crescent Beaches.  

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YOUR CUSTOM SEARCH
White Rock South Surrey Home Search. Search for your next home & get updated MLS notifications and view extensive MLS data here, save listings & add favorites. Click on the link to start your custom search today!
 
 
 
 
 
 
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New Listing 73 16458 23A Ave. South Surrey

New Townhome Listing South Surrey Grandview.

One of four duplex style townhouses at Essence at the Hamptons. This attractive unit shows its quality and luxury by extensive millwork, engineered hardwood, designer paint, gourmet kitchen, built-in workstation…Almost 2,000 sqft, spacious in each room. South exposure plus large windows from three sides making this unit super bright and airy. Sitting in the heart of the complex and having extra distance from neighbor buildings stand this unit out. 3 br w/2 wic, side-by-side wsh/dryr on upper floor, 1 south facing br w/ensuite below, large side-by-side double garage, unbeatable location: walk to stores, restaurants, schools, aquatic centre...Better than new. Check this out.

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For Sale #50 15898 27 Ave. South Surrey, Grandview

New Townhome Listing South Surrey Grandview

Kitchner Townhomes.Built by Mosaic. Charming rowhome style townhouses in the heart of the Morgan area. Walk to Shops at Morgan, Grandview pool and rec center, local schools and parks. Immaculate 3 level home with full size double car garage. Open concept main floor walks out to fenced yard and private street entry. Master bedroom, w-i closet and ensuite bath on the upper level with 2 more generous size bedrooms. 4th bedroom or flex room with high ceilings and ensuite bathroom on the lower level. Features include bright bistro kitchen with stainless appliances and island, warm herringbone vinyl plank floors, sleek Kohler fixtures, California shutters on windows, California closets in master. Sunnyside Elem, Grandview Sec catchment, Southridge private school close by. Clubhouse w/full gym.

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New Listing, Townhome for Sale South Surrey Grandview

New Townhome Listing in Grandview/South Surrey

units are hard to find, especially at Berkley Village! Opportunity is knocking for this well appointed townhome measuring 1,300 SQFT including 3 bathrooms, 2 bedrooms and a large den to work from home. This is a spacious (think 9ft ceilings) and bright floorplan comes with the perfect kitchen because it’s flooded with light from two sides. With Kitchen Aid stainless steel appliances, including a gas range in the kitchen, side by side parking on the ground floor and a massive rooftop with developer installed water and gas sources - your future hot tub, bbq and gas fire table will fit perfectly! Unit 118 has also had laminate floor extended into the bedrooms and the den making the home feel more complete

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New Townhome Listing South Surrey, Grandview

Welcome to OLIVIA! This stunning 4 bedroom/4 bathroom unit has all of the functionality of single family living & is LOADED with upgrades. The bright & airy main living area features 9' ceilings, upgraded fixtures/hardware, trendy kitchen w/ gas range, custom pantry & powder rm. Upstairs features 3 bedrooms/2 full bathrooms & a walk in laundry room. Head downstairs to the 4th bedroom w/ full ensuite, or use as a flex space! Enjoy the stunning backdrop from all levels through your oversized windows. Equipped w/ forced air heating, central A/C & H/W on demand. Park in the double wide garage that has an EV charging plug & floor finish coating, PLUS fit 2 more cars/trucks on the full size driveway! Lounge in the fully fenced backyard w/ artificial turf, or on the upper balcony. Don't miss out!

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