Edith  Da Costa

Edith Da Costa

Broker

Royal LePage Your Community Realty, Brokerage

Mobile:
647-403-1513
Email Me
Edith  Da Costa

Edith Da Costa

Broker

Royal LePage Your Community Realty, Brokerage

Mobile:
647-403-1513
Email Me

Income Properties

Billionaire Andrew Carnegie once said that 90% of millionaires got their wealth by investing in Real Estate. So I’m sure you’re wondering, how does one become wealthy in Real Estate? The simplest answer would be, Investment Properties! Investment Properties are defined as being a property that you own that’s sole purpose is to be used to make a profit. 

This is said to be one of the most lucrative and safest investments you can make since there are many ways to turn a profit when you own property. Let’s go through a few different types of ways you can turn a profit off of your property that can inspire you in your own investment property journey.

1. Rent the land itself - If you have a property with more land than houses, this is a fantastic option. You could get extra insurance and use the land to house peoples boats, trailers or other large seasonal items. You could speak to farmers in the area to see if your land is farmable or of interest for them to grow crops. You could speak to business owners who may need additional space to store supplies or large machines. You could even convert your space into a camp/trailer destination with a bit of work! The possibilities are endless really. 

2. Rent the home/structure - This is more traditional when one thinks of what an Investment Property is, but there is always a demand for rentals, even in areas you may not think of! When looking at renting a home / structure think of who suits your space; couples, a business, families, or a combination of any of these. Location and accessibility is typically the deciding factor when it comes to who would like to rent your space. For example a business owner looking at renting your space would have to think of how much parking there is and proximity to their clients as factors. 

The secret to Investment Properties is to buy at a low price and allow your property to pay for itself by your rental income. If you or someone you know is looking to find their next Investment Property or just wants some advice on how to get started, my email is edithdacosta101@gmail.com - feel free to reach out anytime!

 

Income Properties and Investment – Commercial Real Estate Agent

 

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