The Blog.

Buying, Selling, Investing and everything in between.

Investment Property Inspection - What to look for on a walk-through

We talked about analyzing a property from the numbers side for investment potential last week. Let’s say you’ve found a property (or two) that look like they could be a decent investment, now what? Once you find a property that makes sense on paper, it’s time to go and see it in person. Today we’re going to talk about what you should look for/lookout for on your walk-through. Now remember, this is just a quick checklist of what to look for so you can make an offer appropriate to the condition of the property. You can bring your home inspector or General Contractor with you, but many investors choose to have a first look themselves

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Analyzing an Investment Property - The numbers you NEED to know

Before going to look at any property, it’s important to analyze the numbers. Many people start investing in real estate when they are still working a full-time job, so there is no sense in wasting time looking at properties that don’t work on paper. While there are exceptions to every rule, it’s few and far between that you find a property so mismanaged that you can turn it around enough to work. Today we are going to analyze the numbers on a real property that is currently on the market just outside of Ottawa. (Email me if you’re interested in finding out more about this property.) So, what numbers will we be looking at today?

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How to Compete with Multiple Offers to win your Dream Home

With the sun shining and Spring just a couple short weeks away, the spring market is about to heat up. We’re already starting to see more multiple offer situations and shorter days on market for homes that are priced well. What does this mean for you? More buyers are coming out of their winter hibernation and competition is heating up. Sellers and their real estate agents know this and are starting to hold out for offers, especially in desirable locations. By “holding out” we mean that sellers are pricing their homes strategically lower than market value and purposely delaying offers to try to entice multiple offers. They hope this will get buyers in a frenzy

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The BRRRR Strategy: Buy, Rehab, Rent, Refinance, Repeat

What is the BRRRR Strategy? The BRRRR strategy has been around for a long time, but has been popularized lately by real estate investment leaders like BiggerPockets (check out their podcast!). Some investors refer to it as a cashout strategy. What does BRRRR stand for?BuyRehabRentRefinanceRepeat Let’s break down how it works: Buy Whether you’re using financing or not, you’ll need to set a budget for the purchase of the home. Ensure you calculate closing costs, carrying costs and renovation costs when you are analyzing the property. This is the most important step, as the price of the property will determine all of the next steps. When looking at potential properties, always remember that the goal

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Buy and Holds: The Ultimate Guide

What is Buy and Hold Real Estate? Buy and hold real estate is one of the most common strategies used in real estate investing for both seasoned investors and first time property investors alike. In a buy and hold strategy, an investor will purchase a property, rent it out and hold it for a while (typically five or more years). This allows the investor to receive both monthly cash flow while it’s rented out and future appreciation when they sell. Despite horror stories of the most horrible tenants, with the right screening and management in place, buy and holds have numerous benefits. Benefits of Buy and Hold Real Estate 1. Cash Flow (Monthly income) Cash

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Must-Know Real Estate Investing Terms

Beginner real estate investors face a steep learning curve. We’ve put together a glossary of common real estate investing terms in hopes of answering some of the most common questions we receive regularly. We’ve included explanations for a few of the main formulas, but we have a special post coming out in a couple weeks to deal specifically with all the formulas you will need when analyzing real estate deals so check back for that. Purchasing: Amortization Period A table which shows how much of each payment will be applied toward principal and how much toward interest over the life of the loan. It also shows the gradual decrease of the loan balance until it

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Michael Murphy, Ottawa Realtor

Hi, I'm Michael

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