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Strategies For Investing In Kelowna Real Estate

There are various ways of making money; one way is by investing in real estate. You can use one or many of these methods to build your wealth with real estate. In this article you will find a few ways that will help build your wealth through real estate.

One of the easiest ways to make money in real estate is to wholesale. Wholesale means finding houses which are very low in price, putting it under contract and then giving the house to another contractor who will repair the house for a big profit. You can make money in the spread between what the buyer wants and what you negotiate with your retail buyer. This is a great way to put a couple thousand dollars and your pocket very quickly.

Another great way to make money is by buying and holding the real estate in Kelowna. This is one of the most popular ways to make money in real estate. This is more of a long-term investment. You buy a house at a reasonable price and then rent it out. In this investment strategy tenants pay off your mortgage. Most investors like to have some type of cash flow when they implement this strategy. Generally $ 200 – $ 300 per month in addition to having the mortgage paid by the renter is acceptable. This method requires good credit.

Another method of making money in Kelowna is “Buying off the plan”. This method involves a little more risk than other methods. This method requires you to buy a piece of property before it is built. You buy on the speculation that it will increase in value by the time it is built. If you do your research properly, you will be able to save tens of thousands of dollars. If you dont research properly you could lose money and go bankrupt.

Many people renovate real estate and then sell the house which yields very handsome profits. Renovating involves you buying a property at a discounted price, renovating it and selling it to a retail buyer. A real estate agent or a common man can make somewhere $ 50 – $ 75,000 in a single deal. But one major drawback with renovation work is that it is very labor and time intensive. It can take somewhere six months to finish the labor and another six months to sell the house. If you do your homework properly, you can make profit handsomely quickly but it takes lot of home work.

Important things to remember before investing in real estate

i)An estimate of monthly rent for the property
ii)An estimate of all the property expenses

With these two bits of information you can calculate how much rent you need to be charging to make the property worth your while.

Michelle Horny has contributed articles related to Real Estate in Kelowna. For more information property in Kelowna and any other queries visit buy property in Kelowna

To download a free ebook Tax Planning Strategies for Real Estate Investors and to preview turnkey real estate cash flow investment property for sale, visit
http://www.hasslefreecashflowinvesting.com

It’s not about how much you earn. It’s about how much you keep! Learning how to legally avoid or defer the payment of income taxes is essential to your financial success. Our world class faculty will show how real estate investors can legally earn more while paying less in taxes. This Webinar recording is suitable for experienced and novice real estate investors.
You will learn:

1) Urgent year-end tax moves every real estate investor must be aware of
2) How to take advantage of special 2011 tax deductions before they expire
3) How to get the IRS and your tenants to pay for a healthier retirement than you thought possible
4) Ways to ensure your self-directed IRA stays tax deferred
5) Which investments you should own personally and which investments you should own inside an IRA to optimize your tax advantages
6) How to identify and use your eight essential resources to legally earn more and pay less in taxes
7) Strategies to produce cash flowing real estate profits without the hassle and without the tax
8) Time sensitive legal considerations that could have a huge impact on your taxes

MEET OUR WORLD CLASS FACULTY

David Campbell – professional investor / developer
http://www.HasslefreeCashflowinvesting.com

As a real estate developer, investor, syndicator, and broker, David Campbell has been a principal or key adviser to over 0 million of real estate transactions including apartments, office, retail, hospitality, winery, condo-conversion, and production home building. Believing that properties do not have problems, people do, David takes a people first approach towards finding creative solutions for properties and the people who own them. David has a gift for implementing creative financial solutions.

Kaaren Hall – president of uDirect IRA Services
http://www.uDirectIRA.com

Kaaren has helped hundreds of people self-direct their retirement savings. A native of California, she has a 16-year background in Real Estate, Property Management and Mortgage Lending. She has worked at such companies as Bank of America, Centex Homes, Pulte Homes and Indymac Bank. She’s held a real estate license in Washington, Texas and California and a Life & Health license in California. Her company, uDirect IRA Services, LLC, offers self-directed education and services to investors, providing excellent customer service.

Amanda Han, CPA – tax strategist
http://www.KeystoneCPA.com

Amanda Han is a tax strategist who specialize in creating cutting-edge tax saving strategies for real estate investors. As a real estate investor, Amanda and has an in-depth understanding of the various aspects of investing including taxation, deal structuring, entity structuring, and money-raising. Amanda is a frequent speaker and educator on tax strategies especially for real estate investors and has recently been selected to be the Lead Instructor for the National REIA Organization teaching investors all across the nation on how to use taxes to significantly increase monthly cash flow. Amanda has also appeared on NBC News Radio as well as Realtor Magazine.

Jeffrey H. Lerman – real estate attorney
http://www.realestateinvestorlaw.com

One of the things clients say they most appreciate about Mr. Lerman is his ability to take complex legal concepts and information, synthesize it and present it in a way that allows an investor to make a good decision quickly. Mr. Lerman handles acquisitions and sales, entity formation, syndication, commercial leases, loan documents, construction documents, loan work-outs and litigation. Mr. Lerman frequently lectures on various real estate and litigation topics, has written numerous articles and has been featured in national news.

Michelle C. Lerman – estate planning attorney
http://www.lermanlaw.com

Michelle C. Lerman is at the forefront of current developments in estate planning design strategies. A highly sought-after speaker in the community, Ms. Lerman has been helping clients with their estate planning needs for more than 20 years. She serves on many boards and mentors upcoming attorneys as well. At ease on the air or in the courtroom, Michelle C. Lerman has helped hundreds of California clients with her creative solutions and solid advice about estate planning.

Find More Free Real Estate Investor Training videos and webinars:
http://www.hasslefreecashflowinvesting.com/video/

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