The changing climate of real estate in Calgary sure has a lot of real estate investors shaking their heads about what to do next to continue to make money amid changing winds. How can I keep my cash flow above water with rental prices dropping all over town? How can I flip this house without large risks when the prices are falling? What is the best way to find wholesale deals right now?
These are the questions that Investors have been asking me on a daily basis – and not surprisingly one of the requests I have been getting a lot more lately is whether or not I have any leads on tenant buyers or investors interested in doing a JVP for Rent to own in Calgary. This strategy works very well to buoy you sinking rental rates and with a lot of current home owners losing jobs or having fear that they could be laid off – creates a large influx of potential tenant buyers into the marketplace.
The resurgence of rent to own is certainly taking place in Calgary and area, which was almost a barren wasteland for this particular strategy over the last few years with soaring house prices making it very difficult to find owners willing to even consider rent to own as a good strategy to solve their problem. There have been increased foreclosures in Calgary by about 30% in the last 60 days and the trend will likely continue over the coming months with layoffs still happening with many going unreported in the main stream media – which is always a few laps behind what is really going on in the marketplace.
This is a great time to be able to help struggling families out of their problems and make an excellent profit for your real estate business at the same time, rent to owns may not have the hustle and bustle of flipping or wholesaleing but it still produces when executed properly an average of around 30% return on investment (ROI) – that is much better than any traditional investment that I can think of. The weather has changed over the last few days in calgary and the real estate climate has some changes to match – but if you know what to look for and are willing to provide some creative solutions to your motivates sellers that that changing climate could mean a hurricane of dollars rushing into your bank account or saving that rental of yours from a negative cash flow position!
Respect the Hustle
Tim Reid
