5 Things Every Edmonton Real Estate Investor Needs To Avoid

edmonton real estate investment

Risk management is all about controlling and minimizing your exposure to the negative impacts of forces beyond your control. We here at Team Leading Edge have gathered the top 5 things we consider a must-do to avoid all those unnecessary loses in your Edmonton real estate investments.

  1. TRUST YOUR GUT INSTINCT, NEVER LISTEN TO OTHERS WHO HAVE TO REAL ESTATE INVESTMENT. Top of the list, we would like to put strong emphasize on this. Just as you would not trust a medical prescription being given by a non-medical person, so should you not also listen to those real estate opinions and advises being given by non-real estate investors.
  2. NOT TAKING THE REPAIRS SERIOUSLY. Underestimating the repairs that should be done in your real estate investment could and would be a very costly one. Avoid this trap by hiring professional contractors to assess and fix all needed repairs.
  3. NOT HAVING THE STOMACH FOR VOLATILITY. Like any other investment, the real estate market is also a volatile place, although not as crazy as the stock market, but still, volatile. Even as the Edmonton housing market right now is on a strong projected growth, as an investor, you should not put your guards down. Swings in the market a real! In order to avoid any huge loses, stand firm on your ground and keep at it even if the market is down.
  4. CASH FLOW>APPRECIATION.Cash flow would always be king in the long run. Americans fell hard when their economy collapsed because of the real estate bubbles. People there thought they could make money through appreciation-they were dead wrong. Their country almost got bankrupt out of it. Avoid this mistake by investing with cash flow in mind, rentals with a net of 10% and up would be the most ideal.
  5. NEVER THINK YOU KNOW EVERYTHING. It’s typically a beginner’s mistake. Books, web articles, seminars, all of those are great materials for gaining knowledge but nothing would ever beat experience. If you’re seriously sticking in this real estate game, it would be wise to find a seasoned coach. A veteran mentor that have the “been there, done that” kind of stuff. Reduce the learning curve by investing with such a mentor-the things you’ll learn would be priceless!

If you’re looking for new real estate investments, you’re in luck! We have one of the best real estate projects in town. A Team Leading Edge exclusive, newly built available for you. Check all of the out here.

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