Real Estate Blog - Investing

The Benefits of Investing in Rental Properties

In the world of investment opportunities, few options can match the long-term financial benefits and stability offered by rental properties. Whether you're a seasoned investor or a first-time buyer looking to make your money work for you, investing in rental properties can be a lucrative venture. Here are some of the advantages of owning a rental property: 

1. Steady Stream of Income: One of the most enticing benefits of investing in rental properties is the opportunity to generate a steady stream of income. By leasing out your property to tenants, you can enjoy a monthly rental income that can supplement your primary earnings or even replace them over time. But be warned: It's not passive income. Being a landlord can be a lot of work,…

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Wants vs. Needs

Congratulations, you have decided to purchase a home! Whether you are planning on purchasing the property for personal use or as a rental/investment property, there is a lot to consider. You may feel overwhelmed as you begin to consider all that goes into purchasing a home: finding a real estate agent, getting a mortgage pre-approved, dealing with your existing property (or properties), etc. Take a deep breath.

The first thing you need to figure out is what your wants are, versus what are you needs when it comes to your new property. Here is what to do:

Make a list with two columns. One column will be for your wants, the other for your needs. 

Address the wants column first. After all, this is where you get to have fun! Your wants list may…

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Ken Richter Awarded & The 2022 Real Estate Market Forecast

In today's blog we have two items of note we are excited to share!

The first comes from Ken Richter, who writes, "I would like to personally Thank my Team, Family and all of my Valued Clients for their continued support contributing to my success as a "2021" Year-End "TOP 4" Individual Real Estate Agent at RE/MAX Real Estate (Central), the #1 Selling RE/MAX Office Worldwide for 22 Years!" This is a major accomplishment and great news to kick off the 2022 New Year! 

Second, the Calgary Real Estate Board has released their 2022 Calgary Real Estate Market Forecast Report. This is a valuable report for buyers, sellers and investors to read and understand, as it gives insight into the market that will help you strategically make decisions for the…

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Why Partnering with Ken Richter Is So Valuable

In this day and age people have access to information that makes it easier for them to act as their own realtor. However, here are the top 3 reasons why having a real estate agent is so useful:

1). Experience: Here at Team Ken Richter we like to make sure our clients know that our experience is their advantage. With over 30 years of experience, we have truly seen it all. We have weathered many different market conditions, helped all different types of buyers and sellers, and have watched the City of Calgary grow and change. We apply our years of experience to every aspect of our business. When you partner with Team Ken Richter, our experience will help guide you in ways that no google search can. 

2). Knowledge: The knowledge we have gained from…

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Open Season: Renting

August is one of the busiest times of the year for rental properties. This because one major portion of renters are students preparing to go back to school in September. With so many people looking for affordable housing in Calgary, renters and landlords need to be informed. 

Renting is a great option if you are not planning permanent settlement in the location or if you cannot yet afford to purchase a home. Renting gives you the freedom to negotiate terms (such as payment, length of stay, etc.) and allows you to "shop around" until you find a location you want to stay in permanently. 

If you are planning to permanently live in the location and can afford a down payment on a house and a mortgage, we highly recommend you look into purchasing a…

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Taking Home Sweet Home on the Road

There are many benefits that come with owning a home. It diversifies your investment portfolio, puts a roof over your head, allows you to gain equity and so much more. One of the downsides? It keeps you tethered to one spot; unless you are Captain Richard Deane, the Superintendent of Fort Calgary. Captain Deane didn't let anything stop him from moving the Deane House in 1926 across the Elbow river to where it sits today. They used logs to literally roll the house across the river!

All this being said, rolling a house across a river is not for everyone. So instead, why don't you roll up with a house on wheels: a Recreational Vehicle (RV). Many people are turning to RVs as a way to own a home that they can take with them on the road! Popular blogger…

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To Rent or To Buy

People are faced with two options when it comes to home sweet home: buying or renting. For some the choice is easy: they can either afford to purchase a property or they can’t so they choose to rent instead. However, in some cases people are on the cusp of either signing a new long-term lease or making a down payment on a home and beginning to pay a mortgage. What are the pros and cons to each decision? Read on so you can make an informed decision about something that will have a massive impact on your future (no pressure)!

Pros to Buying Your Own Property:

• You get to start building up good credit by making monthly mortgage payments.

• You are investing in something long-term that one day you can sell to get your money back (plus…

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Are You Ready For An Investment Property?

Welcome to the world of investment properties!

An investment property can be a property you use yourself (such as a vacation home), a property you lease to others (such as renters or a business), or a property that you fix up and flip for an immediate return. Whatever you plan on using your investment property for, consider the following:

• Purchasing an investment property is a major decision, so don't rush it! Take the time to think critically about if an investment property is right for you, what kind of investment property is right for you, and, when you find a property, if it is the best investment property for you. There is absolutely no need to rush! Take your time so that you can be 100% (or at least 99%) confident in your end decision.…

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3 Tips for Being A Good Landlord

As the economy is preventing more buyers from owning their own home during these unprecedented times, many are turning to rentals for a place to live. Despite facing their own challenges, landlords in Calgary, Alberta are hoping to capture this market. 

Being a landlord is a fantastic side-business to have, because it allows you to make the most out of the property (or properties) that you own. Renting out space to a tenant is an excellent way to pay off your mortgage, make extra money for other endeavors, and keep your property occupied and, hopefully, well looked after. There are downsides to being a landlord too, but here are three tips for renting out your home: 

1. First you need to make sure that the space you want to rent is habitable.…

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The Successful House Flip

Flipping homes refers to the practice of purchasing a house, completing necessary renovations, and then selling it for a profit. Many people attempt to do this and are unsuccessful, because there is a lot of risk involved. Buying a home is typically the biggest financial investment a person makes. Buying a home and hoping to flip it for a profit in a short amount of time is risky, but can have major payoff. Just look at all the shows on HGTV!

If you're considering trying to flip a home, here are some tips:

1. Work with your local professional real estate agent--me! You need an expert to help you navigate the process of buying a home, since resale is an incredibly important factor. I can help you find a property that you can eventually sell for…

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