Thursday, November 19, 2020 / by Ray Lumenario
Investing in real estate can be a challenging process for beginners.
However, there are basic tips that make it more manageable. Real estate is a major investment, so approach it with care and consideration.
Following these tips will help you get started.
Which Investment Method is Right for You?
Most real estate investors choose one of these methods:
1. Buying shares of a Real Estate Investment Trust (REIT)
2. Purchasing actual real estate to rent out or flip
The differences between the two are huge, so this is a big decision.
Investing in a Real Estate Investment Trust
If you select the REIT method, then you'll be purchasing shares of a portfolio of real estate. REITs have professional managers that select the real estate in the trust. This method is similar to purchasing a mutual fund, where you just invest your money and don't have anything to do with managing the real estate yourself.
A real estate investment trust can be a good investment. It's easier to enter the real ...
Sunday, November 15, 2020 / by Ray Lumenario
There are two options for you if you no longer need a real estate property. You can either sell it or turn it into a rental property. Both options have their pros and cons. Carefully think about your choices and select the option that makes the most sense for your situation and financial goals.
Selling Your Home
Selling your home means you will receive a handful amount of money. You can, for instance, use this money to secure and make a down payment on a new home. The main advantage of selling your home is that you can use the money from the sale to easily finance another real estate investment.
Selling your home also means you no longer have to worry about keeping your property well-maintained. This can be your best option if extensive repairs are required and if you would rather avoid expenses linked to maintenance. Typically, maintenance can cost you between 6 and 10% of its value each year.
Renting Your Home
The benefit of turning your property into a rental is that you w ...
Friday, October 16, 2020 / by Ray Lumenario
Thank you for making us the #1 Team in BC for Century 21
Our Team Is Growing To Serve You Better
We've updated our name!
We recently changed our name from Sonny Bhinder Home Selling Team to Sonny Bhinder Real Estate Team.
Watch out for more updates from us!
We help our clients in buying, selling, and investing in residential properties, commercial properties, land, and other great investment opportunities. A one-stop-shop for all your real estate needs.
Monday, June 1, 2020 / by Sonny Bhinder
PREPARING YOUR HOME FOR SALE
In order to present your home in its best possible light, we believe it is important to make sure that every part of your home looks its absolute best. Because in today's market, the one that shows the best is the one that will stand out from the rest. Therefore, it is important that every showing counts the most!
Keep coffee tables clear
Remove any family photos
Remove religious photos
Keep furniture at a minimum
Store all toys out of sight
Organize open shelves
Decorate & Organize
Apply Air freshener
Keep dining tables clear except for one nice centerpiece
Remove extra chairs from the table and dining room
Add candles to the room
Clear all items from kitchen counters
Clean all appliances, inside and out
Remove all magnets, pictures, and messages from the refrigerator
Clear away any papers, mail or newspaper that may have accumulated on counterto ...