The Canadian Real Estate Investment Trust (CREIT) completed a $39 billion purchase in a group of retail businesses in Edmonton on December 30. The buy comprises a stake worth 50 percent in stores that are a portion of the South Edmonton Common shopping area. CREIT reports that it plans to assume a first mortgage of $5.7 million, with a 5.9 percent interest rate and an 8.2-year term toward maturity.

At present, the South Edmonton Common shopping centre has 2.1 million in retail area square footage. Properties include Home Depot, Walmart, a Loblaw Superstore and IKEA. The stake purchase by CREIT contains 60,000 feet of completely developed space for lease, property being redeveloped, as well as land designated for development. Current tenants in this space are Petro-Canada, The Keg Steakhouse and Tim Hortons/Wendy’s. These properties have an average of eight years remaining on their leases in the shopping centre. (more…)

Do you remember the exact moment in time that you decided that real estate investing was the vehicle you wanted to use to reach the financial success you’ve always dreamed of? Depending upon your age and how long ago this happened, you might have seen a late-night infomercial, read an article, or visited a website that captured your imagination and your entrepreneurial spirit.

If you’re anything like me, you were unable sleep and you kept your spouse up to all hours of the night plotting and planning, scheming and dreaming, laying the foundation for what you knew was going to be your coronation into the real estate investor’s Hall of Fame. (more…)

Studies show that real estate investing returns an average 10 percent a year equal to the historic return for stocks.

Leveraged investing:

Major advantage of real estate investment is that you can use other’s person’s money like a mortgage lender and renter to make money for yourself. Rental income covers annual mortgage, insurance, property-tax and maintenance costs.

Tangible asset:

Real estate is considered a tangible asset, unlike stocks which is a paper stock certificate. The steadily rising cost of constructing new homes protects and ultimately enhances the value of existing properties. (more…)

As a real estate investor, you’re going to rely upon a variety of funding solutions in order to reap the financial rewards available in today’s real estate market. While you don’t necessarily have an absolute need for credit in order to get started, there’s no question that you can reach your destination much more quickly if you have good credit. Increasing your overall financial literacy involves learning some crucial details about your credit score – and how it will impact your ability to secure the cash you need for funding your deals.

Your credit score is nothing more than a numeric indicator of your ability to pay your credit obligations in a timely fashion. The higher that number is, the better of you’ll be when you need to utilize credit for any purpose. The credit reporting agencies have spent millions of dollars analyzing credit data on tens of millions of consumers, and they have developed highly complex systems for grading risk. The result of all of this work is the credit score. (more…)

Perhaps for first-time home buyers investing their money on real estate property in times like this is a very risky move. But wait! Do you know that this is a perfect time to buy now for first-time home buyers? There is a great opportunity that is open in the real estate market now. Even real estate agents would suggest that this is the right time to buy a home for first-time home buyers.

Though some economists are optimistic that home prices will stay low for the predictable future, other buyer friendly incentives may not stay longer. While these home buyer incentives are still around, it would be a great chance for first-time home buyers to take advantage of these home buyer incentives. See the two reasons why buy now is the right time for first-time home buyers. (more…)