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How to Make Money in Real Estate
June 28, 2023 | Posted by: Angela Robinson
Recent economic discussions in Canada have sparked debates about a possible recession. Yet, many Canadians remain confident about their finances, as per the RE/MAX Real Estate Outlook 2023 Report.
Key takeaways:
54% of Canadians feel optimistic about their financial situation in 2023.
38% lack confidence, while 45% worry about central bank rate hikes affecting home purchases.
Strategies to make money in real estate:
1) Rental Properties: Generate income and asset appreciation, benefiting from tax deductions.
2) REITs: Easy entry into real estate through income-generating properties, like dividend-paying stocks.
3) Home Ownership: Invest for the long term, benefiting from home equity as property values rise.
Tips for success:
- Choose desirable areas.
- Consider tax benefits and property value increases.
- Buy during market downturns.
Secure your financial future through real estate investing, contact us to get started at 780 701 3888 or marc@albertamortgagepros.ca
Full Article: https://blog.remax.ca/how-to-make-money-in-real-estate/
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