Real Estate Centre

With interest rates on their way up, many people are considering switching to fixed home loans rather than risk it with the variable option. Depending what rate you’re on at the moment and what you can negotiate this can be a smart move.

Check out the rates on one of the popular home loan websites out there.

At Real Estate Centre, we recommend talking with a qualified finance professional before making any decision as well as your accountant

The dream of being a real estate investor is one that many have and even more have tried.  Take the “House Flipping” phenomenon for instance.  The idea is simple for the mind to grasp:  buy a home at a good deal and do a little fixin’ up, next, turn a profit.  In those dreams everything happens right away and within only a few years we have become millionaires – and it was all done by flipping homes.

Well, as a person who knows what its like to dream that dream, I’d have to say that there’s nothiing wrong with having the belief.  But it is also a good idea to keep in mind this reality:  flipping homes and being successful can be done ONLY if you are willing to remain committed to obtaining this end.  With the rise of the foreclosure rate, the real estate market is primed and ready for the next generation of house flippers to approach the horizon for their time in the sun. 

When you think about it, a person who flips homes for living can be consired somewhat of a visionary.  He or she, afterall, can see what others cannot; the house flipper recognizes the diamond when it is still in the rough.  So I think that if you are of the mindset to enjoy flipping homes for a living, then definitely – Flipping Homes Is For You!

Real Estate investment has probably made more people wealthy than the stock market.  Well, I don’t know if this is exactly true; but if it’s not, I’d like to think more millionaires were made without going crazy in real estate than in the stock market.  But there is something the real estate investor has in common with the stock investor – the ability to take risks. 

Oh yeah, if you want to make it big in the real estate industry, there’s no way around it, you’re going to have to take risks.  I’m not talking about the real estate investor who is fine with owning a couple of houses and renting them out.  Yes, this may give you a thousand or two extra per month in cash flow.  And you may be able to take better family vacations, but I doubt you’ll be wealthy (or even able to quit your day job).

The real way to real estate riches (or riches in any field) is by being able to take calculated risks.  Instead of a couple of houses, how about a small apartment building, or maybe taking those apartments and turning them into condominiums?  With real estate you have to remember, at least in my opinion that it is only with creative thinking that you’ll be able to spot deals others could not see.  So, go against the grain with your real estate decisions and don’t be afraid to do what others wouldn’t dare do.

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