Call Marg: 705-446-1762

I get 3-5 enquiries each and every week from people thinking about buying an investment property in the Collingwood, Blue Mountain area.  Most people are looking for something they can use and enjoy plus rent out to offset costs.  That works well.  Others however are looking for something different and that is true investment and wealth creation through property purchases.

Anyone looking at the later knows that analyzing potential long and short term returns on investment properties is no easy task.  Sure, we can use basic guesstimates but they often miss the kind of detail that is needed to properly assess the value of a potential investment property.

I’ve just had the great privilege of spending two full days in the company of my real STAR group which includes some highly successful and skilled real estate investors.  Here are two sites that are worth their weight in gold:

Real Estate Analysis Free   A free site that easily allows you to assess things like cash on cash return, cap rates, return on equity, internal rates of return and more.  Essential for all real estate investors!

A Savings – Investment Calculator.   Very easy to calculate what your investment value will be in future based on certain rates of return.  I think this is a good one to sit down with as you a) plan your own retirement and b) to try and get your kids to understand the power of investing early.

While we are talking about young people and investments, there is a book I think everyone should read by the time they are 18 (or 25, or 35 or 55 or today);

READ  Collingwood Investors: Create a Secondary Suite with County Funding

The Wealth Formula, was written by a fellow STAR member, Ken Dekker.  Be sure to link to his  “tools”  to get your own free calculators and wealth formulas.  I can vouch for Ken being the real deal.  He has lived his own path from debt to riches and is a true Outlier who has amassed over 10,000 hours of study on this topic.  This book can change your life.

Related Posts:

Investors:  Here’s The Secret To Earning 18% or More On Your Collingwood Rental Property

It’s always a pleasure to meet new people and to assist them in meeting their real estate goals.  If you would like to schedule a buyer or seller consultation with me, please feel free to email me or call at 705-446-1762.

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Marg Scheben-Edey

Real Estate Broker
Market Value Appraiser - Residential
Accredited Green Broker™
(designated by the National Association of Green Agents & Brokers)

RE/MAX four seasons
realty limited, Brokerage
Each Office Independently Owned & Operated
67 First Street, Collingwood L9Y 1A2

Contact Marg

 Direct: 705-446-1762

Prefer Text? 705-446-5066

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