Increase Your Wealth Through Real Estate!!!!

REGISTER FOR OUR NEXT
“INCREASE YOUR WEALTH THROUGH REAL ESTATE” SEMINAR
Ottawa's Most Informative and Action Packed Real Estate Workshop

Don't Put All Your Eggs In One Basket!
A must attend event for all investors.
As a Bennett VIP Investor you will gain access to AMAZING HOME DEALS -  hot foreclosure properties, below market value homes, homes NOT on the internet,
and exclusive properties not yet on the market.

Join us on, Wednesday, May 13^th 2015
REGISTER ONLINE TODAY at
bennettseminars.com
or at 613-233-8606
Seating is Limited

GOOD news is that we are living 20 years longer.
BAD news is that we may run out of money!

More MILLIONAIRES have made their fortunes in
real estate than anything else!
ANYONE CAN DO IT, NOT EVERYONE WILL...WILL YOU?

Find out how ordinary Canadians become millionaires! Stop worrying about your retirement. Get your monthly retirement pay cheque.

INCREASE YOUR FINANCIAL IQ and join us on,
Wednesday, May 13^th 2015
REGISTER ONLINE TODAY at
bennettseminars.com
or at 613-233-8606
Seating is Limited

New Central Location with FREE underground parking! 

Location and Time will be sent to you upon confirmation.

People Who Will Help You with Your Real Estate Investment

For most the purchase of the home is the biggest investment we make in our lives. It is therefore pertinent to have the best team of professionals to guide you through the process. It is essential that you hire the best Ottawa real estate agent, mortgage broker, lawyer, inspector, builder and insurance broker. It is possible that you might add or remove a few of these professionals depending on the type of home you are purchasing.

Real Estate Agent

By far the most important person in the whole process. The real estate agent’s job is to provide you with all the necessary information that you require related to the area you have chosen. They will also write down an Offer of Purchase for you and negotiate and bargain on your behalf for the best possible price for the selected home. They will also arrange the home inspection and help save your time. You can ask them different questions about the charges and all other things that need to be considered when buying a home.

Mortgage Broker

 Even if you are planning to go through mortgage pre-approval, you have to talk to a mortgage broker. A good lender will help through the entire purchase process and even after that. It is the lender’s job to make sure that you are able to make timely payments and if you have any issue meeting the deadline you should go and talk to them. Mortgage is provided by many different companies including banks, credit unions, trust companies, pension funds and finance and insurance companies. Look around and see which lender would best suit your needs.

Home Inspector

It is important that you get a home inspection done by a qualified professional for any property that you are thinking of buying. The home inspector will let you know if there are any faults in the construction or installation of different items around the house. He will also let you know where repairs are required and he might also be able to identify if there were any problems with the home in the past.

Lawyer

You might not be aware but lawyers play a very important role in the home buying process. The lawyer will make sure that your interests are protects and that the house you are planning to buy does not have any statutory or building charges or liens. The lawyer will review all disclosure contracts before you sign the papers. It is important that the lawyer you hire is familiar with real estate law and is licensed to carry out the paper work.

Insurance Broker

Your home and your mortgage will require insurance. Your lender will insist that you get property insurance at all costs. This is because your property is their security against the loan that they provide you. A mortgage life insurance will help you and your family through tough times. Be sure that you compare rates before you hire an insurance broker.

To able to buy your dream home and retain the right to own it, it is important that you have all the professional help when you buy real estate in Ottawa. At Bennett Property Shop, we will help you compile the best team of professionals.

How to Invest in U.S Real Estate

The US investment market is still suffering from the consequences of the recession that hit its financial market in 2007. Although the market has picked up quite a bit areas like Nevada, Florida, Arizona, and California, areas that were hit the hardest are still below the replacement value. The Ottawa real estate market is quite different, but as an investor you should try to have a look for an investment opportunity in our neighbouring country.

The Canadian dollar still holds strongly against the U.S dollar. This in turn means that if you invest in US assets, you are likely to get a decent return over time. Taking a close look at these facts suggests that Canadians have an opportunity to invest in the best US real estate. In addition, you will be able to enjoy the summers with your family in the sun and the value of the property is likely to appreciate in the coming years.

It may sound like a dream come true but there are few things that need consideration before you dive into the opportunity. If you are planning to buy property for purely business purposes then you have to consider the following:

Passive Real Estate Investment does not Exist

You will require local knowledge of the area in which the property is located. You want the house to be located in the perfect neighbourhood and you might even let it out on rent while you wait for the value to increase. A local professional will help you manage the property and keep it occupied without any problem.

Mortgage Issues

If you are planning to find leverage or a loan from an American lender then you are in for a surprise. Even with mortgages cheaper than before, it is very difficult for Canadians to qualify for a mortgage therefore you might have to pay for the home in full. Your Ottawa Real Estate agent can look into alternative solutions

Taxes!

Unless you have prior experience and property in the US, you might want to expose yourself to the various US taxes that are involved in the buying and renting of an investment property. Not to mention you will have to file for yearly tax returns. We would highly recommend talking to an account familiar with investing in US properties.

Lack of a Diversified Investment Portfolio can be Disastrous

If you have just one rental estate in the US, you should be ready for all consequences. Deadbeat tenants, uninsured damages and property in the wrong area are all ingredients to a recipe for disaster. It is therefore important that you have more than one type of housing property in the US.

Your Ottawa real estate agent will help you in making the right decision for your real estate investment in the US. They can help you rent, sell and buy homes in the US along with all the help and information you require for mortgage.

Visit www.bennettpros.com for all your real estate needs.

Mistakes Made By Real Estate Investors

You must have heard a lot of people telling what to do when you are investing in real estate. However, people fail to mention what not to do. It is this part that is of utmost importance for Ottawa real estate investors. If you are an investor, you might not be very happy with your current portfolio with the falling market prices. If you want to continue to succeed you have to avoid the mistakes you have already made in the past and also avoid any other mistakes that you can make in the future.

The most common mistake that many investors make is that they are not focused on their investment plan. Either investors do not have a plan or they are easily distracted from the plan when they see new lucrative deals. If you stick to a thought out investment plan that is based on fundamental real estate principles, you will make more money and you will also minimize any risks your investment can face.

Ideally every investor would like to buy property that will grow in value over time; the rental income of the property will exceed the expenses and the equity will continue to grow with tenants paying for your mortgage. If you are buying property just because its value will increase over time, you are taking a huge risk which will most probably result in losses. Your focus should be properties that will generate enough income that you can take care of all expenses related to it and you are able save some profit.

Do not forget to measure all risks and rewards. People are always worried about return on investment. They should also consider the return on risk or return on time. Time is the most precious resource for an investor. The money lost can be regained in some way or the other, but the time lost on a particular investment can never be regained. You should always weigh the risks against the return that an investment is offering. Most investment opportunities that offer big returns come with big risks. If you are not able to manage the risks, you might end up draining your funds.

Another mistake that many real estate investors make is that they try to make the investments on their own. It might seem that you have all the information available on the internet and you can work out the deal on your own, but in reality this is not true. If you think that you are getting good return on your investments and you have managed to take care of them well without involving a real estate agent you are wrong. A real estate agent will help you manage your portfolio and will let you know of all the risks that are involved with your investment.

As a real estate investor it is very important to ensure that you avoid these mistakes. Contact your local Ottawa real estate agent today and save your investments while you still can!

Visit www.bennettpros.com for all your real estate needs.

 

Real Estate as an Investment – Buying for the Future

If you are looking for a way to make quick money, real estate is not for you. Real estate investment is a long-term investment and takes many years to bare fruit. First thing that you have to do is understand the different strategies that are involved in the property market. When you look for real estate in Ottawa or other cities in Canada, you have to make sure that you will not become emotionally attached with the property.

The real estate investment market is an endless cycle of high rising peaks and low lying valleys. Therefore, you will have to study the market and determine the current state. To understand where the Ottawa real estate market is moving, you first have to understand the different factors that influence the real estate market in Ottawa.

Before you invest in the real estate market, you have to understand two important factors that influence the market: the shift and flow of the market. The shift and flow of the market are two very different things. A shift in the market occurs when there is an abrupt jump or fall and the market flow is the general medium to long term change that the market cycle experiences. A shift in the market is usually behind the investments made by many emotional investors.

The media source that evokes such emotions in a real estate investor is the newspaper. If you are thinking of investing in real estate to gain a secure future, it would be wise for you not to believe the newspapers when they say that the market is doomed. A smart investor will understand the facade and will look behind the dreadful headlines and figure out the true situation of the market. It is possible that he might go against the popular belief.

You might even be surprised to see that prime locations, like the Byward Market in Ottawa, are not losing any value even during the darkest hours of the real estate market. It takes less than a week for an ‘opening soon’ sign to appear outside a shop that was recently emptied. Other locations that see increased demands include areas that are near recent commercial development. For example, many people who were employed in Kanata during the 1990s and early 2000s bought homes near the area to avoid lengthy commutes.

Other factors that influence property prices include social and cultural factors. If there is an inflow of working immigrants in the city, the prices of condos will rise. It is important that you study the property before you invest in it. Ask your real estate agent about the area and what factors would encourage them to make an investment in the area.

So if you are planning to invest in Ottawa real estate, you have to be ready to trust your real estate agent and question them if you are not satisfied. Make sure that you thoroughly understand the different factors that influence the real estate market in Ottawa.

Visit www.bennettpros.com for all your real estate needs.