Calgary Foreclosures – The Smart Way to Invest in Real Estate

Investing in Calgary foreclosures has to be one of the best things that Joan and I did in the last 10 years or so that we’ve been investing in Calgary properties for sale. We came into investing in Calgary bank foreclosures purely by accident. And what a happy accident it has turned out to be. If you’ve been following my blog so far you know that along with my wife, I’ve been investing in the Calgary real estate market for about a decade.

You’ll also know that those first 5 years I thought I was a real estate investing guru. House prices in Calgary were just continuing to go up. You practically just looked at a house in Calgary admiringly and you could sell it the next day for a profit. We were on track to retire at 55 in a mansion… or so we thought.

Then as you know, the economy took a nosedive about 2 years ago. I was finding it hard to find good prices, and finding it hard to justify buying Calgary homes for sale that were, in hindsight, ridiculously priced. But I did it anyway and I got bitten. A few houses were bought and we started drowning in them almost as soon as we signed on the dotted line.

We sold a couple for losses. One for a loss of $10k and the other for a loss of around $20k. A third we’re trying to nurse back to life. This took the wind out of my investing in Calgary real estate enthusiasm. So we decided to take some time off from buying properties. It didn’t last long because we had a friend convince us of the beauty of investing in Calgary foreclosure properties. And boy did this turn us around.

There’s a guy in Vancouver who has developed this terrific course and program on helping you find bank foreclosures in Calgary, or Vancouver or Edmonton. It is a brilliant set up he’s developed and it’s put us firmly back into the investing game.

Aiden is his name. A very unassuming young man who has done extremely well in investing in real estate foreclosures. I’d highly encourage you to have a look at his program. In our first Calgary house foreclosures investment through his program, we made well over ten times our investment in his program.

Every week you get Calgary foreclosure listings that are oftentimes dozens and dozens of great Calgary homes for sale. Along with this is a complete course on how to go about investing in Calgary foreclosures. Our friend who introduced us to foreclosure homes in Calgary is making an absolute killing. We’re doing okay too. In the almost 2 years we’ve been doing this now, we’ve managed to make around $50k selling 2 Calgary foreclosure properties that we had previously bought.

The great thing with Aiden’s program is that the Calgary foreclosure list is city wide. So it doesn’t matter which part of the city you live in, you’ll have your pick of Calgary foreclosures. In fact Joan and I don’t imagine investing in Calgary properties any other way than through Calgary foreclosure sales from now on.

Warm regards,

Jack

4 Strategies for Finding the Best Places to Invest in Real Estate Today

Some people might argue that this is not the best time to invest in real estate. Some people might say that with the economy reeling from the effects of the latest crisis, putting your money in houses or land can be a risky venture at best. They point out to the rising number of foreclosed homes as evidence that this is not the best time for any form of investment in real estate. But the contrary can also be argued. There are so many great opportunities out there right now. Great investments at very affordable prices that are offering a golden opportunity for small time investors.

There are several things that a prospective investor must keep in mind when planning to invest in a house, or maybe land. One of the main things is that before you jump into putting your money into some form of investment, you really have to make sure about the venture. One of the best ways of ensuring that you will not lose your money is to find the best places to invest in real estate and then to go from there. Investing in a really valuable location can not be a sure fire guarantee for your money, but it is the best that you can do. But how do you go about finding the best places to invest in real estate? Here are some tips that you can use in identifying the right place, location or land to invest in:

1. If you want to to get a property that can be rented out then you need to look for a house that is located in a highly dense and populated area. It makes sense that you should go for urban areas and stay away from rural locations where there are few potential people who might be interested in renting your place.

2. Check the history of crime in the area before you purchase a property. People tend to stay away from areas with a high crime rate. They do not want to expose themselves to danger by staying in such high risk areas. In addition you might find it more expensive for insurance and maintenance to buy land or homes in crime ridden areas, even if the upfront costs are cheap.

3. Think about the good points of a property when the time comes that you want to sell it back, and do this as you are considering buying it. Is the location near a shopping center, school, church, or playground? Is there a good hospital nearby? All of these factors should play a role in determining whether a place is worth investing in for the long or short term or not.

4. Consider the future developments on or near the area. If you are after some long term investment then you should look for areas that have great promises when it comes to development. New schools and shopping malls planned for the near future. What about transit. All of these can add value to the potential home or real estate that you are looking at buying.

These are just some of the ideas that you can use when you are looking for the best place to invest in real estate. Remember that being careful is the secret to all successful investments and not just to successful real estate investing. You have to consider your move very carefully before putting your money on the line. Check out all of the possibilities and the important factors that you feel are important before you make your move.