Real estate investing in the GTA is a smart way to get ahead and generate long-term wealth. Investing in the market can also be a sound plan for turning a quick profit—if you know what you’re doing. If you don’t, that’s okay. This is the place to start. Before jumping into the GTA real estate market as an investor, remember the following three important steps for finding success.

Step 1. Know your goals

It’s great that you’re thinking about ways to increase your wealth and financial stability, and real estate investing is one of the lowest-risk options for getting a great return. But having the idea to invest isn’t enough to get you to reach your ultimate investment goals. In order to determine the best course of action you need to clearly identify what it is you want to accomplish. 

Be overly specific about what you want to achieve. There’s no such thing as over-planning when it comes to investing your money, especially in real estate. When thinking about your motivations for investing, consider the following questions to help determine your exact goals:

• How much money do you want to make from your investment?
• Are you planning to use the profit for anything specific, like financing a dream vacation? 
• Are you looking to diversify and grow your investment portfolio?
• Do you want to save for retirement?

Once you have defined your intentions for investing in the GTA, it will be that much easier to determine the best strategy to reach your goals.

• Discover our proven process for investing in real estate

Step 2. Know your timeline

Once you’ve figured out what you want to achieve with your investment, it’s time to determine when you want to reach your goals. This is an important step to consider because your timeline will affect what investment opportunities will work for your situation, and which ones can be disregarded. 

Consider whether your goals are long-term, short-term, or somewhere in the middle. Think about your other commitments and determine how this new venture will fit into your life plan and how it will impact the other goals you want to accomplish. Once you start thinking about what else you have planned, you may realize that you need to reassess timelines.

If you have plans to start a family, or travel, or go back to school, for example, you may need to change your timeline to invest sooner or later than you initially planned. With guidance from an experienced agent you can plan your real estate investment venture so it’s straightforward, simplified, and seamlessly integrated into your existing life plan.

• Talk to our team about getting started with your real estate investment

Step 3. Find the right agent

It’s always wise to hire a professional any time you’re purchasing real estate, but when deciding to buy an income property it’s important you work with an agent who has specific experience investing in the GTA real estate. The reason for this is simple: you don’t know what you don’t know. Real estate professionals have advantages in the market because they are industry insiders, so why not give yourself a competitive advantage? A real estate professional will:

• Have access to a wide variety of properties including MLS listings, private sales, off-market properties, and other real estate options you simply can’t find on your own
• Have a network of industry professionals to connect you with to save you time and money while still receiving superior service. This can include financial specialists, contractors, tradespeople, property managers, and more
• Access privileged industry information about market stats, real estate trends, and other valuable data to help inform your strategy

The David Bradica Real Estate Team not only understands the local GTA real estate market, but knows first-hand exactly what it takes to plan and execute a successful real estate investment strategy because we’re also income property owners and landlords. We’ve been through the process and we’ve guided hundreds of prospective investors across Southwestern Ontario reach their ultimate goals using our proven processes.

• Meet our team and see how our expertise can help you succeed

With over 20 years’ experience as a landlord and real estate investor David guides clients with a keen perspective and smart solutions that ensure you achieve your goals seamlessly and stress-free. 

To be a successful real estate investor in today’s market you need to know exactly what you want to achieve with your investment, when you want to reach your goals, and who you’re going to hire to represent your real estate investment. By enlisting the help of an agent who has been in your shoes and has a proven track record of helping clients invest in real estate successfully, you’ll be able to navigate your transaction with peace of mind and painlessly achieve and exceed your goals.