The writer is a
Vancouver mortgage broker with experience in bad credit mortgage in Canada applications.
In my experience of working with other investors and previous clients, I have often heard comments like, “Yes, Mr. Berges, I prefer the buy-and-hold approach to investing in real estate. My idea is to buy a property, pay it off, and live off of the income.” Sound familiar?
While this method of building a real estate portfolio is a valid one, in my estimation it is certainly not the best method. If you have another source of income that is fairly substantial and therefore allows you to make investments in real estate on a periodic basis this may be the method for you. This approach, however, precludes you from maximizing the utility of your investment resources.
Another approach is called the value play.
The value play strategy as it relates to apartment buildings is very similar to the concept of the retailer who flips single-family properties. The primary difference is that the concept is applied to income producing properties on a much larger scale. The fundamental premise of this strategy is based on finding an undervalued apartment building, large or small, creating value through one or more of many mechanisms, and reselling, or flipping, the property. The value play strategy is undeniably one of the quickest and surest methods available to investors to create and build wealth.
Vancouver mortgage insight is provided by Duncan Seward a registered Vancouver mortgage broker with TMG. He helps clients in North Vancouver, Surrey, Vancouver, Coquitlam, Maple Ridge, Burnaby and Langley with their mortgage questions. He is an expert in
BC mortgage matters. You can check out regular mortgage updates at his blog page
Vancouver Mortgage Rates.