Real Estate Investments

Investing in Guelph real estate can be a tricky proposition depending on what you want to accomplish. Many local investors in Guelph buy what is called “student rentals.” Students will generally pay between $400-$450 per room, often times with utilities extra.

Student Rentals

The student rental market starts in January and Lasts until April. The smarter investors purchase early with a closing date arranged for April 30. They use the time in between the acceptance of the purchase offer and the closing date to find tenants (or use a property manager to do it for them). You can find tenants quite easily, especially in January as this is when the smart students begin looking so that they find the best homes. We often get calls as early as November from University of Guelph students trying to secure the best properties before everyone else. We maintain a list of students who have inquired about renting, and package these groups with your purchase.  We even involve them in the property search, and secure a conditional lease to coincide with your purchase offer.  You can then rest assured that your investment will be rented with no hassles or worry.
If you are worried about finding tenants and maintaining the property, leave it to us. We will find them for you. If you buy with us the cost is nothing for the first lease. After that expect to pay 50 % of one month’s rent, usually taken from the initial deposit when the lease is signed. We also work with a reputable property manager Inspirah Property Management, who’s sole business is looking after investment properties. Give them a call to see if they have a solution for you.

Rent-to-Own Investments

You may have heard of rent-to-own properties.  Although not many local investors are saavy with this kind of investment, there are certainly many advantages.  The way it works for an investor is this; we find buyers who want to purchase a home but do not have the credit to do so today.  We work with a debit consultant who works out a plan to correct their credit situation, once a plan has been established, we determine what they will be able to afford in 2-3 years.  Our team then finds a home for them, and YOU the investor buy it.  The tenant  (future buyer) gives you a non-refundable deposit somewhere between 2.5-5% of the purchase price and agrees to pay you rent of which a portion is retained for their eventual downpayment.  The agreement to purchase is already signed for a value usually between 3-4% higher (per year) than the current purchase price.

The advantage if this kind of investment, is that has a guaranteed appreciation and a purchase contract, in addition to a large, up front deposit that is non fundable.  The worse situation is that the potential buyers, back out of the deal, and you have to sell the property.  The deposit is yours.

Find Out More About Rent-to-Own Homes: Rent To Own

Apartment Investments

Apartment complexes are also a popular investment and many will start to become available as people start to retire.  These types of properties are not for everyone but typically provide higher net income returns.  They also involve a large upfront investment (20% of the purchase price).  Investors often join resources to purchase these type of investments to help absorb some of the initial outlay of cash.  We  also have access to private lenders who will lend money to investors.  Call us for a list of properties not advertised to the public.

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