Looking to start investing in real estate? Increasing dissatisfaction with the typical 9 to 5 corporate job along with the rising price of living has caused more people to seek financial freedom through investments and “side hustles” now than ever before. Although investing in real estate comes with many benefits like increasing wealth and possible financial freedom, most find it daunting.
The complex financial and legal terminology, calculations of compound interest, appreciation, and mortgage rates along with the complexities of being a landlord can scare any potential investor. But you shouldn’t let this ruin your chances at growing your wealth and finding financial freedom.
This article will provide a comprehensive introduction to investing in real estate. By the end of this article, you will be knowledgeable on the basics of real estate investing and will be able to make an informed decision on whether you are ready to invest in real estate.
Many people who consider investing in real estate typically wonder whether it’s worth it in the first place, or if they should invest their wealth in other ventures like a mutual fund or the stock market. Little do they know, real estate is one of the safest, risk-free ways to earn money.
As an investor, you can build home equity and wealth based on the amount of appreciation your property gains and any other cash flow coming from your rental income. Rental income is the most constant form of income and usually covers your mortgage payments. Appreciation, the increase in the value of your property, increases wealth and home equity much more than rental income, but typically takes years to gain. This isn’t the case in Canada’s current housing market.
The ultimate beginner's guide to investing in real estate
by Emma Scott on 22 Jun 2021