Calgary Real Estate Market
“Be fearful when others are greedy and greedy when others are fearful”
We wanted to take a moment to talk about a part of our business that we do not typically openly talk about but feel, given the current real estate market situation, that it would be a great opportunity to discuss more in detail.
As realtors, we meet all sorts of different clients with different needs and wants, but a particular sector that we’ve been focusing on recently is Investments; and to be specific Investment Properties. Our experience in Investments first started to peak our interest when we read a beginner’s investment book called Rich Dad Poor Dad by Robert Kiyosaki in High School over ten years ago; a book which I am sure many of you have heard about.
Little did we know that this book would still have an effect on what we do every day in our Real Estate career, not only as Realtors but also as Investors, Landlords, Lenders, and Developers. Combined, Jason and I have 20 years experience in Real Estate, Investments, Mortgages, Property Management, Servicing, Construction, Lending, Land Developments, Commercial, and Foreign investments.
We would like to pass this information on to our family, friends, clients, and potential clients. We already work with Investor Clients from Beijing, Hong Kong, London, San Francisco, Abu Dhabi, Libya, Edmonton, Toronto, Vancouver, and of course Calgary.
This is our second recession that we have seen in Calgary and we are familiar with the process. NOW is the time to invest while the markets are low; there are less qualified buyers to compete with, therefore an increase in renters and rental rates due to the increase in interest rates.
It’s like what Warren Buffett said: “Be fearful when others are greedy and greedy when others are fearful.”
For a Private one on one session about investment with us feel free to contact us by clicking here.
Written by David Luu