“Real estate is a tricky business with a lot of ins and outs that can be difficult to navigate. Getting informed is the key to battling information overload and fatigue. We wanted to know more about what first-time investors should consider when looking for properties to put money into.” The Forbes Real Estate Council shares What Everyone Should Know Before Investing In Real Estate. This article is a great primer if you or someone you know is thinking about setting out after their first deal. As always, a top agent should be considered an integral part of most real estate deals.
2. SELF INTEREST
Homeowners come across articles like these all the time. This article has been shared on social media over 13,000 times since it was published. Daniel DAmbrosio wrote the article for Realty Times and although it’s nice to have options, he doesn’t mention finding an ‘exceptional agent’ until midway through the article: 5 Steps to Sell Your House FAST! You learn at the end of the article Daniel works for a company that buys homes ‘fast’ from sellers. It’s important no matter what your situation to find a local expert (agent) first. Someone you know, like, and trust who will put your best interests first and give you knowledgable advice on how you can best move forward given your unique situation.
3. SAY WHAT?
A good friend from Portugal who happens to be Canadian sent me this article a few days ago. It’s been shared over 4,000 times since Monday, and although it’s somewhat trivial, I thought you would find it informative. It’s “The cheapest piece of Vancouver real estate currently listed on Realtor.ca is priced at $50,000. It was built in 1993, is located close to the Yaletown marina and comes with an estimated property tax of just $276 a year.” Any guesses what this property might be? I’ll let you click through to the CTV News Vancouver article to find out.
4. BIG EMPTY NEST
WATCH: Baby Boomers Built Big, But Now Nobody is Buying. Southern Living says “Boomers are discovering that these high-maintenance, five or six-bedroom houses aren’t so convenient as they grow older, and worse yet, that younger people have no interest in buying them.” Do you own or know someone who owns one of these large homes? What’s your experience been in your marketplace? So many things have changed in the market since these homes have been built.
5. MASSIVE SOCIAL IMPACT
“The Global Impact Investing Network estimates that global “impact investments” – investments made for social and environmental benefits in addition to financial gains – reached another peak of $502 billion in April 2019 – double the $228 billion in 2018 and double the previous $114 billion in 2017.” In another fascinating Forbes article this week, John Lasala reveals Why A Tiny Vermont Town Could Be A Model For Impactful Real Estate Investing. This is a good read for anyone who is interested in the future of real estate investing.