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Why Invest in Rental Property?

So, you want to own or buy a Rental Property? Join Upper Edge Property Management where, in the next installment of this Guide to Real Estate Wealth, Garret Wong discusses why people choose to invest in Real Estate. There are many options to invest your money: Stocks, mutual funds, GIC's, even a high interest savings account at a bank. Another option is to invest in a rental income property. The definition of an income property: "Property bought and developed with the intention of earning revenue from it" There are many different types of income properties: Residential single family homes, multiplexes, apartment blocks, and even commerical properties. The point is your Return on Investment (ROI). A typical mutual, if you are very lucky, might give you a 7% return on your investment. If we follow the Rule of 72, a $50,000 investment at 7% will double it's value in 10 years. If we take that same $50,000, invest it into a $250,000 rental property, that property should average a return of around $20,000 to $25,000 per year, including your cashflow, principle paydown on the mortgage, and market appreciation. When you calculate your $25,000 return on a $50,000 investment, that's 50% ROI! Join us next segment, where we go back to basics, and discuss the concept of Equity. Upper Edge Property Management, located in Winnipeg, Manitoba, Canada, has been successfully managing rental property for their investors since 1999, and chooses to specialize in the management of single family homes, condominiums and smaller multiplex buildings and apartment blocks. Want to be notified when a new video is posted? Click HERE to subscribe to our channel!    / @garretwong