The Pros of Real Estate Investing
Investing in real estate is as thrilling and exciting as investing in stock market.
It is proven that it has three times more prospects of making money than some other business out there. However, you cannot undermine the risks that goes with it. It is important to discuss first the advantages of it. The advantages are very practical.
1. Real Estate Investments are Not That Risky
Investing in real estate is more likely to succeed. You still have a risk in losing, and that you should remember it. Real estate investments are seen as stable investments, though you should have the seriousness that you need to have.
2. Starting Capital is Not a Problem
Real estate properties in Canada can be procured for even as low as $8,000 to $ 15,000, and taken to hold the property and call it as security. This is called High Ratio Financing. If you still do not really get it, then here is a more detailed explanation to it.
Remembering the saying that “Examples are better than percepts”, is vital. Perhaps you were to buy a condo that is worth $200,000, then you just have to pay 10% of it. The remaining balance of 90% can then be can be financed, against your condo.
Getting to calculate high ratio mortgage insurance with the help of professionals is vital for you, as this is talking about the searching for professional aid and help. On the other hand, purchasing the condo on 100% mortgage price is also possible.
3. There is a Growing Demand for Real Estate
Through the passing of time, population increases, which makes less lands to be habitable, thus making real estate prices to skyrocket, due to the less availability of the lands that are present in that location. There are places out there having growth and development regulations, resulting to limited availability of land.
Which makes the real estate prices increase. Housing is a necessity which makes it very in demand. On the other hand, there are other people who purchase houses for other uses, such as for leisure or past time, which opens it to a lot more possibilities.
With this, the demand for land increases, due to the fact that there is more need for more land, and that that need is not only limited to the mere having of house, but it is more inclined to the other reasons as to why someone needs to have a real estate.