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Real estate investments can offer a superior investment return than many other approaches in the financial marketplace. Making profits with residential real estate generally falls into one of 3 strategies:

1) Renting. You own the house and rent it out. Rent is higher than mortgage and maintenance costs, so giving you a positive cash flow.

2) Flipping. You upgrade the house and then sell. Profit comes from selling the property at a price bigger than your initial purchase and cost of repairs.

3) Rent to Own. You have an agreement with a potential homeowner who currently has a poor credit rating, but who is ready to make a small downpayment and a higher monthly lease (part of which goes to increasing the downpayment), so that when their credit is fixed, they qualify for a traditional mortgage and buy the house from you at a previously agreed to price.

Your choice of investment strategy may influence the type of house you buy. After you decide on your investment approach, these are some suggestions to find investment properties:

Look for properties whose adverts include words like motivated seller, needs repairs or starter home. Properties that show as empty is another clue that the buyer might be eager to sell or come to an agreement as the house is most likely carrying monthly costs such as a mortgage.

When thinking about areas to invest in, medium-sized satellite cities such as Hamilton, Ontario can offer value priced homes that not only are more affordable than nearby Toronto, but by being in a more reasonable price range, may offer a larger range of possible home buyers when you’re prepared to sell.

Check neighborhood newspapers For Sale sections and publications like For Sale by Owners to find commercial and home bargains. There might be occasions to strike a better deal if the existing owner won’t be paying agent costs because it is a private sale.

Another approach is to run your own classified ads in the area paper publicizing your interest. Flyers on notice boards in local stores can also attract offers from householders who have not officially put their property on sale. Also, use online resources to your advantage to publicize your plans of purchasing property right from the seller by placing advertisements on free forums such as Kijiji.

Once you’ve bought your property, execute your chosen strategy to make your profit. If finding a property, then finding a buyer seems like a lot of work, it is! Regularly the better route is to get together with a seasoned real estate investor. You can still be involved in real estate, let the real estate investor do the bulk of the work, and still profit at better than average investment approaches

Liberty Properties Canada specializes in rent-to-own Hamilton homes, helping real estate investors and home buyers realize their investment and home ownership goals