FIRST TIME HOMEBUYERS -BEST TIME TO BUY A HOME – the recession has lowered the exaggerated real estate prices brought on from the boom.  First time home buyers…here’s your chance to invest in a home, wait…and sell later for a profit.  Remember…real estate is cyclical.  Do not be discouraged by a recession.  It is a great opportunity to leverage yourself personally & financially.  If you need mortgage approval or advice to get in on the current market, I have wonderfully honest mortgage brokers that will bend over backwards to help you realize home-ownership. email me anytime to get in touch with a broker: ronaele@fancyshacks.ca

START THAT NEW BUSINESS: buckle down, prioritize & start that new business – FINALLY.  Nothing more luring to an entrepreneur than low(er) start up costs.  Force the intangible dream to become a reality…but don’t quit that day job just yet.  Just get the ball rolling & take advantage of lower start-up costs.

UNEMPLOYED?  GO BACK TO SCHOOL! Student loans, grants & scholarships are plentiful here in Alberta.  Researching through the thousands of them does take time, but they are there for the taking – SO TAKE THEM.  College, university or starting a new business pays dividends. Stop whining about the recession, and DO SOMETHING PROACTIVE with your life.

PURCHASE AN OLD FARM – Aging farmers need out & prices are low.  Gone are the days when children of farmers automatically took over the family farm.  Generation X is opting to head to University instead of take over Dad/Grand dad’s farm.  This is sad on so many levels, however, Southern Alberta has some of the countries prime land.  The disappearance of the family farm coupled with a recession is the time to seriously think about making your move to buy land now, when the price is low.Then be patient  & sit on it, maybe apply for rezoning for subdivision & sell later.  Balzac, Airdrie, Bearspaw, Cochrane, Chestermere have some great raw parcels of land at low pricing.

Click HERE to see the current featured Alberta investment opportunities.

BUY REITSReal Estate Investment Trusts sell like a stock on all the exchanges .  In essence it is a real estate mutual fund;  it purchases real estate & mortgages exclusively.  Because Real Estate is cyclical, investing in these (there are low AND high risk REITS you can choose from), over time, turns a profit that is proportionate to it’s risk however typically give investors high(er) yields.  You can stick with low risk REITS, venture out into higher risk REITS for higher yields, or do a hybrid combination of both.  REITS are a way of purchasing shares into real estate, yet not be bogged down by property that won’t sell.  REITS are highly liquid & a way of getting into real estate investing without deep pockets.

LIVING WITHIN YOUR MEANS – the futility of keeping up with the Jones’ really puts a perspective on our human nature & how greed can put people in terrible situations.  Skyrocketing foreclosures purchased during the boom (thanks in part to the accessibility of loans & mortgages most had no business getting), has flooded the real estate industry with listings, many of which are simply that…just listings.  Many homeowners are being forced to cut their losses & learn a harsh lesson in eating humble pie.  The big house, boats, motorhomes, BMW’s, designer clothes…easy to get sucked into, but deadly on the bank account.  The recession has given people perspective that all the STUFF, is not necessary.  Buy real estate, just don’t go over-the-top to fill it with STUFF.  Buy low, sell high.

TRIMMING THE FAT – a recession has this extraordinary ability to gobble up the greedy & less than honest businesses that are born of the Alberta economic boom.  What we have now, is the real deal business that have what it takes to squeak through the hard times.

CHEAPER TO BORROW – Just don’t go out & get a bunch of stuff…buy real estate – it is, for now, a buyers market & most likely will pay dividends later on down the road.  Leverage your finances & personal situation & buy land.  Click HERE for current opportunities or call me direct at 403-919-3394.  Many of these properties, the sellers are willing to stay on and rent the home on long-term leases: THIS = LEVERAGE. Borrow now, buy land low (have tenants to live in the home & care for the land – many farmers are willing to accomodate this-bye the way, then reap your rewards & sell it later). CLICK HERE for investment opportunities with possible rental tenants to leverage your investment at full potential.

CHEAPER TO BUY EVERYTHING ELSE – all of the factors that have forced real estate prices down, also have that same effect on gas, retail, vacation costs etc.  Just don’t go nuts.  Treat yourself occasionally & enjoy lower pricing on all the necessities, like food.  If you are an investor, trades are cheaper…so get that investment approved for municipal rezoning for subdivision.  If you already have it…now is the time to build while supplies & trades are cheaper.  There is a massive market for high-end country residential 1, 2 & 4 acre lots.

ENJOY YOUR FAMILY –  the best reason to love a good old dose of recession blues…reconnect with your kids, board games, bike rides, date nights…and…wait for it:  Eating dinner together as a family!  Can you imagine making your meals at home with all the chairs full with the people we love??  Cease the day…these days are gone before you know it.

So there we have it…a recession through rose-coloured glasses.  Go out there and be smart with your money.  It is a real estate smorgasbord out there, so buy a piece of Alberta instead of the shiny new car & if you can…buy locally & not through the big box stores.  Supporting small business is the best way to help see ourselves out of a global recession.  When you scratch the backs of local businesses, they tend to do the same in return.  INVEST IN LAND, INVEST IN PERSONAL & FINANCIAL GROWTH, INVEST IN YOUR FAMILY.  Everything else will find its place.

Click HERE for all current featured Alberta Investment Opportunities

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